Credit Factors and Loan Accessibility in Deposit-Taking Savings and Credit Cooperative Organizations in Kenya
| dc.contributor.author | Njoroge, Elizabeth Wambui | |
| dc.contributor.author | Makori, Daniel | |
| dc.date.accessioned | 2024-11-13T12:50:08Z | |
| dc.date.available | 2024-11-13T12:50:08Z | |
| dc.date.issued | 2024 | |
| dc.description | Journal Article | |
| dc.description.abstract | Savings and Credit Cooperative Societies (SACCOs) are pivotal in enhancing financial inclusion in Kenya, particularly among low-income and rural communities, by providing credit and savings services. Despite the growth of Deposit-taking SACCOs (DT-SACCOs), recent surveys show a decline in loan accessibility. This study investigates how critical credit terms impact loan accessibility in licensed DT-SACCOs in Kenya, utilizing theories including agency theory and financial theory. The research objectives include evaluating the effects of product range, collateral requirements, product characteristics, and lending procedures on loan accessibility. Using a descriptive research design, data was collected from 122 credit managers of DT SACCOs. Analysis involved descriptive and inferential statistics, with MS Excel and SPSS. The study found that changes in product range, collateral requirements, product characteristics, and lending procedures significantly affect loan accessibility in DT-SACCOs. It recommends SACCO management invest in product innovation, conduct regular market research, and offer flexible repayment periods to better meet the needs of clients. This includes providing tailored products like business and agriculture loans, understanding customer preferences, and ensuring loan repayment terms are manageable for borrowers. | |
| dc.identifier.citation | Njoroge, E. W., & Makori, D. (2024). International Journals of Academics & Research. | |
| dc.identifier.issn | 2617-4138 | |
| dc.identifier.uri | https://ir-library.ku.ac.ke/handle/123456789/29364 | |
| dc.language.iso | en | |
| dc.publisher | INTERNATIONAL JOURNALS OF ACADEMICS & RESEARCH (IJARKE Business & Management Journal) | |
| dc.title | Credit Factors and Loan Accessibility in Deposit-Taking Savings and Credit Cooperative Organizations in Kenya | |
| dc.type | Article |