Factors Influencing Participation of Men and Women in Informal Finance Groups in Gachagi Informal Settlement in Thika Sub-County, Kenya

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dc.contributor.authorMwangi, J.
dc.contributor.authorKimani, Elishiba
dc.date.accessioned2016-04-11T08:22:11Z
dc.date.available2016-04-11T08:22:11Z
dc.date.issued2015-01
dc.descriptionResearch Articleen_US
dc.description.abstractStudies indicate that most people living in the informal settlements are usually poor and financially excluded. As such, they tend to rely on informal finance groups for their financial upkeep. Given that there exist several informal finance groups and for different purposes, this study sought to establish the factors influencing participation of men and women in informal finance groups. The study was conducted in an informal settlement, namely Gachagi in Thika Sub-County, Kenya. The study adopted a qualitative descriptive design, and was guided by behavioral life cycle hypothesis advanced by Thaler (1954). The target population was 20 informal finance groups comprising 10 Rotating Saving and Credit Associations (ROSCAs), 5 welfare/clan groups, 3 Accumulating Savings and Credit Associations (ASCAs) and 2 investment groups. Out of the 20 informal finance groups, a sample size of 11 informal finance groups comprising 5 ROSCAs, 3 welfare/clan groups, 2 ASCAs and 1 investment group were selected forming a sample of 55%. The main respondents of the study were men and women members of the selected informal finance groups including group officials. Key study informants included the Divisional Social Services Officer (DSSO), the Chief and two elders from the informal settlement. Data collection tools were Focus Group Discussion guides for men and women in informal finance groups and interview guides for key informants. Data collected was cross-tabulated for qualitative analysis. Findings indicated that gender, marital status, age, educational level and economic status influenced participation of men and women in the informal finance groups. Other factors influencing men and women to engage in informal finance groups were to save money, inculcation of saving discipline and easy access to their savings and loans among othersen_US
dc.identifier.citationThe International Journal Of Humanities & Social Studies Vol 3 Issue 1; January, 2015en_US
dc.identifier.issn2321 - 9203
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/14537
dc.language.isoenen_US
dc.publisherGlobeedu Groupen_US
dc.subjectFactorsen_US
dc.subjectPreferenceen_US
dc.subjectInformal finance groupsen_US
dc.subjectInformal settlementen_US
dc.subjectGachagien_US
dc.subjectThikaen_US
dc.subjectKenyaen_US
dc.titleFactors Influencing Participation of Men and Women in Informal Finance Groups in Gachagi Informal Settlement in Thika Sub-County, Kenyaen_US
dc.typeArticleen_US
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