Savings and Credit Cooperative Societies' Services and Household Investment among Mwalimu Sacco Members in Nyandarua County, Kenya

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dc.contributor.authorGichuhi, Fredrick Irungu
dc.contributor.authorMakori, Daniel
dc.date.accessioned2023-11-07T13:28:04Z
dc.date.available2023-11-07T13:28:04Z
dc.date.issued2023-10
dc.descriptionArticleen_US
dc.description.abstractAs per research, a significant portion of Kenyans do not use financial services, which also indicates insufficient investment. With the little or no uptake in household investments, there is need to sensitize and empower Kenyans who may be having little knowledge on matters investment which informs the basis of this study. This study therefore focused on savings and cooperative societies' services and their influence on household investments among Mwalimu SACCO members in Ol-Kalou town, Kenya. The survey sought to explore the influence of capital mobilization and credit disbursements, on household investments among Mwalimu SACCO members in OlKalou town, Kenya. Theories underpinning this research were Neoclassical Growth Theory and Keyne's General Theory. The survey embraced explanatory research design. The target population was 154 public schools’ teachers registered as members of Mwalimu SACCO in Ol-Kalou town in Nyandarua County Kenya. A total of 64 Public School teachers were chosen at random to take part in the research as participants using a simple random sample method. The information was gathered through questionnaires. Validity and reliability tests were conducted on the questionnaires. The statistical packages for social sciences(SPSS) was utilized to analyze the data that have been obtained. Descriptive statistics like percentages, frequency, mean, and standard deviation were utilized to analyze the data. The researcher also undertook diagnostic tests before conducting inferential analysis. Correlation and regression analysis were utilized to give inferential statistics. Further data displays included figures and tables, which were followed by pertinent conversations. The study established that capital mobilization and credit disbursements, all have positive and significant correlation with household investments amongst Mwalimu SACCO members in Ol-Kalou town in Kenya. The study concluded that capital mobilization, credit disbursements, collateral substitutes and financial education have significant effect on household investments amongst members of Mwalimu SACCO in Ol-Kalou town in Kenya. Conversely, the survey recommended that the government should take this opportunity to support SACCOs in the country as this will enhance capital mobilization thus enhancing household investments. Moreover, strengthening of SACCOs will make available the highly needed credit facilities for business people and potential investors. Conversely, the study recommended that SACCO management should continue enhancing the use of collateral substitutes to unlock financial access to many people. Additionally, SACCO members should take advantage of opportunities provided by the SACCO to enhance their financial education for better investment decisions.en_US
dc.identifier.citationGichuhi, F. I., Makori, D. (2023). Savings and credit cooperative societies' services and household investment among Mwalimu SACCO Members in Nyandarua County, Kenya. International Academic Journal of Human Resource and Business Administration, 4(3), 305- 324en_US
dc.identifier.urihttps://iajournals.org/articles/iajhrba_v4_i3_305_324.pdf
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/27136
dc.language.isoenen_US
dc.publisherIAJHRBAen_US
dc.subjectCapital Mobilizationen_US
dc.subjectCredit Disbursementsen_US
dc.subjectHousehold Investmentsen_US
dc.titleSavings and Credit Cooperative Societies' Services and Household Investment among Mwalimu Sacco Members in Nyandarua County, Kenyaen_US
dc.typeArticleen_US
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