Browsing by Author "Tallam, Beatrice Bundotich"

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    Microfinance Interventions and Financial Empowerment of Women Entrepreneurs in Eldama Ravine Sub-County in Baringo County, Kenya
    (Kenyatta University, 2025-10) Tallam, Beatrice Bundotich
    Women's financial empowerment is one of the pillars for sustainable and inclusive development since women are at the center of community development, household welfare, and national production. Despite the increased microfinance operations in Kenya, women entrepreneurs have continued with restricted access to credit, weak savings facilities, and limited advisory and business development services. In Eldama Ravine Sub-County, such restrictions have prevented women-owned enterprises from flourishing and being self-sustaining, raising the question of whether previous microfinance interventions have been effective in translating into quantifiable improvements in terms of empowerment. The study took into account the effect of microfinance interventions by microcredit, microsavings, business development services (BDS), and advisory and consultancy (AC) services on financial empowerment among women entrepreneurs in Eldama Ravine Sub-County, Baringo County, Kenya. Guided by the Social Learning, Resource-Based, and Financial Systems theories, this research employed an explanatory research design with 735 registered women-owned businesses. Slovin's formula was utilized to calculate the sample size at 144 respondents and stratified random sampling for sector representation. Data were collected utilizing pre-tested structured questionnaires for validity and reliability, and analyzed utilizing descriptive and inferential statistics. Normality, multicollinearity, and autocorrelation diagnostic tests confirmed model fitness, on a Durbin–Watson of 2.110 and good VIF values. Kenyatta University and NACOSTI ethical clearances were obtained, with informed consent and confidentiality maintained strictly. Findings indicated that microcredit (p=0.044), microsavings (p=0.018), business development services (p=0.023), and advisory and consultancy services (p<0.001) were significantly influential towards women's financial empowerment, and the four variables explained 51.8% of variance (R²=0.518). Advisory and consultancy services were the most significant determinant in empowering women to make financial decisions and sustain their businesses. The study concludes that microfinance intervention has played an important role in empowering women in Eldama Ravine Sub-County. It suggests that policymakers and microfinance institutions expand advisory and consultancy services, expand savings mobilization, and customize business development programs to accommodate rural women entrepreneurs.
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    Microfinance Interventions and Financial Empowerment of Women Entrepreneurs in Eldama Ravine, Kenya
    (AJEFM, 2026-01-06) Tallam, Beatrice Bundotich; Ndede, F.W. S
    Women’s financial empowerment (microcredit, microsavings, business development services, advisory/consultancy) is a vital pillar of sustainable and inclusive development, as women contribute significantly to household welfare, community advancement, and national productivity. Despite the growth of microfinance operations in Kenya, women entrepreneurs in Eldama Ravine Sub-County continue to face restricted access to credit, inadequate savings facilities, and limited advisory and business development services. This study examined the effect of microfinance interventions, specifically microcredit, microsavings, business development services (BDS), and advisory and consultancy (AC) services, on the financial empowerment of women entrepreneurs in Eldama Ravine Sub-County, Baringo County, Kenya. The study adopted a survey research design. Data were collected using a drop-and-pick method. Data analysis involved editing, coding, classification, and tabulation to prepare for statistical evaluation. Anchored on the Social Learning, Resource-Based, and Financial Systems theories, the study adopted an explanatory research design targeting 735 registered women-owned enterprises. A sample of 144 respondents was determined using Slovin’s formula and selected through stratified random sampling. Data were collected through pre-tested structured questionnaires and analysed using descriptive and inferential statistics. Diagnostic tests confirmed model adequacy (Durbin–Watson = 2.110; VIF within acceptable range). Results revealed that microcredit (p=0.044), microsavings (p=0.018), BDS (p=0.023), and AC services (p<0.001) had significant positive effects on women’s financial empowerment, jointly explaining 51.8% of the variation (R²=0.518). Advisory and consultancy services emerged as the strongest determinant of empowerment. The study concludes that microfinance interventions substantially enhance women’s financial autonomy. Business sustainability recommends the expansion of advisory services, enhanced savings mobilisation, and tailored business development programs to strengthen the economic position of rural women entrepreneurs. Overall, microfinance has evolved beyond credit provision to encompass holistic empowerment tools that enable women to build financial capability, overcome structural barriers, and achieve sustainable entrepreneurial success.