dc.contributor.author | Omollo, Lilian A | |
dc.date.accessioned | 2013-07-30T12:08:19Z | |
dc.date.available | 2013-07-30T12:08:19Z | |
dc.date.issued | 2013 | |
dc.identifier.citation | A research project report submitted in Partial fulfilment for the requirements of The award of the degree of masters of arts in ,project planning and management of the University of Nairobi | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/52548 | |
dc.description.abstract | The purpose of this study was to examine the influence of housing loan repayment on
household welfare through habitat for humanity projects in Kisii region, Kenya. This study
was guided by the following objectives: To establish the influence of housing loan repayment
on affordability of health care services, to determine the influence of housing loan repayment
on household income of the benefactors, to examine the influence of housing loan repayment
on affordability of school fees for the school aged children and to determine the influence of
housing loan repayment on security/collateral of the benefactors. Previous studies carried out
on the influence of housing loan repayment on household welfare indicated that housing
loans were routinely used to pay school fees and cater for food and health care services,
Descriptive survey research design was used in this study. A sample of 50 Habitat for
Humanity housing projects homeowners was selected using both stratified and simple
random sampling technique. Semi-structured questionnaires were used to facilitate the
acquisition of relevant information on variables under consideration. The data collected was
analyzed using statistical package for social sciences (SPSS). The data output is presented in
form of tables and description. The research findings show that housing loan repayment
influences affordability of school fees and health care services especially when schools open
and when one or more member of a family of the borrower is sick. On the other hand, since
housing loan has to be paid on a monthly basis, the borrowers found themselves borrowing
from different financial institutions in order to settle other loans which led to piling up of the
loans thereby causing stress and frustration since the borrowers were forced to hide during
loan payment period. Diversified income is an important factor that was noted to have
positive influence on housing loan repayment. The research findings show that members with
more than three school aged children had difficulty in housing loan repayment and that
housing loans were being paid on a monthly basis thereby giving the beneficiaries enough
time to prepare for the repayment of the loans on time. Saving was also noted to be a source
of income for the respondents thereby acting as collateral towards loan repayment. Low
income as a result of housing loan repayment was also noted as a challenge by most of the
respondents. This led to more problems as their resources are pulled down by loan repayment
thereby making them to fore-go important basic needs for their families. Majority of the
respondents indicated farming and business as their main source of income. Based on the
findings, the study recommended that financial literacy and health education should be
offered to the beneficiaries since this will help them manage the little resources they have
thereby enhancing housing loan repayment. The study also recommended that repayment
period should be re-scheduled in order to give the beneficiaries more time to repay their
housing loans. Finally, the study recommended that individual loaning systems should be
adopted since group lending mechanisms are strenuous to the borrowers who have to pay for
the others in case they fail to pay. The study concludes that housing loan repayment
influences household welfare. This was showed by the opinions of the respondents who
strongly agreed with the fact that housing loan repayment influences household welfare
which constituted 72% of the respondents. | en |
dc.language.iso | en | en |
dc.title | Influence of housing loan repayment on household welfare: a case of habitat for humanity project in Kisii region, Kenya | en |
dc.type | Thesis | en |
local.publisher | Project planning and management, University of Nairobi | en |