Loans Borrowing and Social Well Being of Administration Police Service Officers in Embakasi Sub County,
Anzetse, Hezborn Michael
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Loan borrowing is vital for corporations, and even individuals. It entails growth of individuals and companies by construction of premises, purchase of land and even the start of a business. However, even as public and private servants engage in loans borrowing at alarming rates, it is sad the way they have utilized their borrowed money. A close look at the officers, as a result of the way they have utilized the money has led to some change in their behaviour, some have had break-ups of their families while some have lost their jobs. Therefore, the researcher sought to establish whether there is a nexus between loans borrowing and the social well-being of Administration Police Officers in Embakasi Sub County, Nairobi County. Specifically, the study sought to examine the relationship between commercial bank loans and Social well-being of APS Officers; analyse the effects of SACCO loans and Social Well-being of APS Officers; determine the influence of Microfinance Institutional loans on social well-being of APS Officers and establish how social well-being of the Administration Police Officers in Embakasi sub county, Nairobi City County, is affected by the borrowing of loans. The researcher employed two theories: the theory of Banking and Lending Behaviour, and the Social Well-being theory. The study used a descriptive survey research design. The research was carried out at Embakasi Sub County which has 11 Administration Police posts, with a total population of 175 Officers. A sample size of 65 Officers was selected using stratified sampling technique. Questionnaires and interviews were used to collect data. The quantitative data was analysed using descriptive statistics like the mean, mode and standard deviation. These were then presented using tables. Qualitative data was analysed using content analysis and presented in prose form. Using regression analysis, the study found that commercial Bank loans had a positive relationship with social wellbeing of administration police officers. From the regression analysis, the study found that SACCO loans had a positive effect on social wellbeing of Administration Police Officers. From the regression, the study found that microfinance loans had a positive relationship with social wellbeing of Administration Police Service Officers. The study found that loan borrowing affected social wellbeing of Administration Police Service Officers positively. The study concluded that loan borrowing, as measured by bank loans, SACCO loans and microfinance loans, has a positive effect on social wellbeing of administration police officers in Embakasi sub county, Nairobi City County. The study recommends that the government should increase the loans extended to Administration Police Service Officers to rational level in order to improve their wellbeing and enhance service delivery in the service; encouragement of police officers to take SACCO loans in order to improve their wellbeing; Microfinance institutions should give loans to administration police officers in order to improve their social wellbeing; Administration police service officers should borrow loans and use them for the right purpose in order to improve their social wellbeing.