Riro, Jerusha Kerubo2025-08-172025-08-172025-03https://ir-library.ku.ac.ke/handle/123456789/31242A Thesis Submitted to the School of Business, Economics and Tourism in Partial Fulfilment for the Award of the Degree of Master of Science in Finance of Kenyatta University, March 2025. Supervisors 1. Charity Njoka 2. Salome MusauFinancial health of women has been identified by the World Bank as key poverty reduction constituent elements, as they are important in aiding economic development goals. Gender mainstreaming is also made a priority in financial assistance, with the Word Bank in process2of2implementing2an2ambitious2strategy to2this2effect. Microfinance makes use of a wider variety of assets and household items as collateral to lending facilities. Despite the fact that individuals with low incomes are unable to get access2to conventional financial2services2such2as2credit, 2savings, 2and2insurance, microfinance companies successfully bridge this gap by offering these services to these individuals. The7 main7 objective7 of7 this7 study7 was7 to7 assess7 the7 effect7 of7 microfinance services, financial7 literacy7 and7 financial7health of women members of selected microfinance banks7 in7Kenya. Specifically, the study sought to examine the7 effect7 of7micro-credit services on financial health of women members of selected microfinance banks in 7Kenya; to7 establish7 the7 effect7 of7 micro7 savings7 services7 on7 financial7health of women members of selected microfinance2banks2in2Kenya; to find out the2effect2of business micro-insurance services on financial2health2of women members of selected microfinance banks in7 Kenya7 and to determine the7 moderating7 effect7 of7financial literacy on7 the7 relationship7 between7 micro7 finance7 services7 and7 financial7 health7of women members of selected microfinance1banks1in1Kenya. The2study2was2guided2by2empowerment theory, gender stratification theory, finance growth theory, and information asymmetry theory. The study adopted positivism philosophy to explore a true reality regarding financial health and use of microfinance services among women in Kenya as this cannot be changed by social actors. This research employed explanatory research design. The7 target7 population7 for7 this7 study7comprised of 37,773 women members in women members of microfinance banks clients who currently hold active deposit accounts and active loan accounts in the 14 microfinance banks within in Kenya. The researcher adopted a7 combination7 of7 purposive7 and7stratified sampling techniques to select women members of microfinance banks. The sample size was 384 respondents. The study concluded that micro-credit services7 have7 a positive significant influence7 on7 financial7health of women members of selected microfinance7 banks7 in7 Kenya. The study also concluded that micro-saving7 services7 have7 a positive significant influence7 on7 financial7health of women members of selected microfinance7 banks7 in7 Kenya. The study further concluded that micro-insurance7 services7 have7 a positive significant influence7 on7 financial7health of women members of selected microfinance7 banks7 in7 Kenya. In addition, the study concluded that financial7 literacy significantly and positively moderate7 the7 relationship7 between7 microfinance7 services7 and7 financial7health of women members of selected microfinance7 banks7 in7 Kenya. The2study2recommends2that there2is a2need for microfinance institutions to diversify their financial products beyond conventional micro-credit services. This study also recommends that there is a pressing need for targeted educational programs aimed at augmenting awareness and comprehension of micro-saving services among women beneficiaries. In2addition, this2study2recommends2that there is a critical need for targeted educational initiatives aimed at augmenting awareness and understanding of micro-insurance services among women beneficiaries.enThesis