The Influence of Education Strategy on Performance of Revolving Loan Funds: A Case of South Sudan Older People Organization
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Date
2016
Authors
Oringo, J.O.
Fitte, K.K.
Ndethi, G.W.
Journal Title
Journal ISSN
Volume Title
Publisher
Global Society of Scientific Research and Researchers
Abstract
Revolving Loan Funds (RLF) are preferred by not-for-profit organizations and Governments as a method of improving livelihoods of the poor because they are simple to set up compared to other options, they are cheap, can shape eligibility requirements to fit many markets and program goals, and can have interest or do not have interest . South Sudan Older People Organization (SSOPO), a local affiliate of HelpAge International, started a RLF with the main objective of improving the livelihood of the older people and their headed households. The strategies adopted by SSOPO to spearhead the success of the fund included; entrepreneurship competence, education and management strategies. However, this paper’s main objective was to examine the influence of education strategy on the performance of SSOPO RLF. Specifically, the paper examined; the influence of financial management skills of borrowers, how disaster risk management and control skills of borrowers, how highlighting the importance of RLF to self-economic development, and how updating borrowers about newly developed lending programs and products, influence performance of SSOPO RLF. The theory that underpinned the study was the Theory of Human Capital popularized by Gary Becker. The study used descriptive survey design. The study population included management staff of SSOPO and older people who were members of SSOPO RLF. Management staff of SSOPO were key respondents for the study because they were also involved in the running of SSOPO RLF as well as disbursement of loan fund. The older people who were members of SSOPO RLF were equally important respondents because they were the direct beneficiaries of the fund. Data collection tools used was both closed and open ended questionnaires. Information gathered were sorted, coded and input into the statistical package for social sciences (SPSS) for analysis to generate descriptive statistics. The inferential statistics showed that financial management skills, self-economic development skills, disaster risk management and control skills, updating borrowers on newly developed programs and products had a positive and significant relationship with performance of SSOPO RLF. Descriptive results indicated that there is greater influence of education strategy on the performance of SSOPO RLF.
Description
Research Article
Keywords
Education Strategy, Performance, Revolving Loan Fund
Citation
International Journal of Sciences: Basic and Applied Research (IJSBAR) (2016) Volume 29, No 1, pp 242-258