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dc.contributor.authorMbuthia, Aflonia Nyambura
dc.contributor.authorNdiritu, Anne Wairimu
dc.date.accessioned2021-09-24T07:00:46Z
dc.date.available2021-09-24T07:00:46Z
dc.date.issued2020
dc.identifier.citationMbuthia, A. N., & Ndiritu, A. W. (2020). Mobilization of Domestic Savings in Formal Financial Institutions: The Missing Link to Economic Growth. International Journal of Business and Social Science, 11(3).en_US
dc.identifier.issn2219-1933 (Print)
dc.identifier.issn2219-6021 (Online)
dc.identifier.otherDOI: 10.30845/ijbss
dc.identifier.urihttp://ijbssnet.com/journals/Vol_11_No_3_March_2020/9.pdf
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/22632
dc.descriptionA research article published in International Journal of Business and Social Scienceen_US
dc.description.abstractThe purpose of the study was to examine factors that affect a Kenyan household’s decision to save in formal financial institutions. This is because domestic saving finances investment and therefore economic growth. A non-experimental research design was utilized using secondary data collected from a national-wide household survey in Kenya in 2009. Cluster stratified probability sampling was used in selecting regions and households that were included in the survey. A total of 6,598 households were used in the survey, using a questionnaire to gather information on financial access. Descriptive and inferential statistics were used for data analysis. The results indicated the factors that influence household’s decision to save in formal financial institutions were availability of loans, level of financial information, location of household, sector of employment, expectations about future economic conditions, level of income, number of banks in district of residence, transaction cost and time to nearest bank branch.en_US
dc.language.isoenen_US
dc.publisherInternational Journal of Business and Social Scienceen_US
dc.subjectHousehold savingsen_US
dc.subjectFormal financial institutionsen_US
dc.subjectEconomic growthen_US
dc.titleMobilization of Domestic Savings in Formal Financial Institutions: The Missing Link to Economic Growthen_US
dc.typeArticleen_US


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