The impact of collective investment schemes on financial inclusion in Kenya

Abstract

The purpose of this study was to determine the impact of collective investment schemes on financial inclusion in Kenya. The study was guided by the following research question: what is the impact of collective investment schemes on financial inclusion? The research design was a survey study in nature since it focused on all collective investment schemes in Kenya. The target population was collective investment schemes. A census of all the 11 collective schemes was used. The sampling stage involved the selection of the respondents using a stratified sampling approach. The strata were the various respondents in the schemes. Both qualitative and quantitative data was collected using a questionnaire that consisted of both open ended and close ended questions. Data was analyzed using Statistical Package for Social Sciences (SPSS) and results presented in frequency tables to show how the responses for the various questions posed to the respondents. The data was then analyzed in terms of descriptive statistics like frequencies, means and percentages