Factors influencing implementation of community based projects undertaken by the banking industry in Kenya. a case of Barclays Bank of Kenya
Marangu, Eric Michael
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This research sought to investigate factors influencing the implementation of community-based projects undertaken by the banking industry in Kenya. Specifically, the researcher was seeking to explore the effect of community participation, project financing, project monitoring and evaluation and project sustainability on the implementation of community-based projects within the banking sector in Kenya. The project adopted a descriptive survey method. The target population of the study was composed of various stakeholders in the implementation of community based projects within the banking industry. A sample of 45 respondents was drawn through stratified random sampling from the target population of 360. Primary data was used in the study. This was collected through questionnaires that were dropped and collected within a month. The findings were that community participation right from the onset of the project is key as it ensures that the community owns up the project which was viewed as one of the factors that could ensure project success. The study also revealed that project financing, though had an influence in the success of a project, does not significantly do so compared to other factors. The research further revealed that monitoring and evaluating projects can be of great importance to project sponsors as it would ensure similar projects are replicated elsewhere as witnessed in various projects undertaken by the financial sector which revolve around a few areas. Finally the research did show that commercial banks would prefer sponsoring projects that are easy to sustain. The researcher strongly recommends that project implementation to fully engage the community, monitor and evaluate the project to ensure that intended objectives are achieved. This will guarantee sustainability.