Effects of financial resource mobilization by Ainabkoi rural Sacco In Ainabkoi Division Uasin Gishu County
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Date
2013Author
Cherogony, Druscillah J
Type
ThesisLanguage
enMetadata
Show full item recordAbstract
Financial resource mobilization is one aspect of an economy that must not be
ignored. This is even more eminent when it is the economy of the rural small scale
farmers. The study set out to investigate whether Ainabkoi Rural Savings and Credit
Co-operative Society Ltd has had an effect on the resource mobilization of small scale
dairy farmers in Ainabkoi Division Uasin Gishu County. Saving is a key component
in any development endeavour as it is believed to be the surest way of increasing
income and boosting productivity and investments in an attempt to break the vicious
cycle of poverty. The study is of four objectives namely: to determine the effects of
personal savings of small scale dairy farmers on financial resource mobilization by
Ainabkoi Rural Savings and Credit Co-operative, to find out the effects of the default
rates of small scale dairy farmers on financial resource mobilization by Ainabkoi
Rural Savings and Credit Co-operative, to assess the effects of guarantors of small
scale dairy farmers on the financial resource mobilization by Ainabkoi Rural Savings
and Credit Co-operative, to evaluate the effects of membership of small scale dairy
farmer on financial resource mobilization by Ainabkoi Rural Savings and Credit Cooperative
and propose policy recommendations for funds mobilization and lending
requirements in the context of Rural Savings and Credit Co-operatives. Previous
studies have alluded that small scale farming is suppose to be the most profitable kind
of farming and is expected that most small scale farmers are suppose to grow to large
scale farmers. This has only existed in theory. The study employed a case study
research design which is descriptive. To achieve these set objectives, the study used a
sample of 132 members and 18 Savings and Credit Co-operative staff randomly
selected. Data was collected by use of questionnaire instrument and interviews
schedules and observation which were computed and analyzed using Pearson Chisquare
tests and linear regression model in SPSS to test relationship and effects of the
variables on Ainabkoi Rural Sacco activities and the resource mobilization. The
findings were presented by use of frequency tables where percentages and means
were used to analyze the data. The study summarized that, the duration one has stayed
is key in providing loans, that default rates affects the membership of the Savings and
Credit Co-operative, and the amount you have saved determines the loan you can get,
that guarantorship is the only currently accepted mode of collateral accepted by the
Savings and Credit Co-operative. The study also concluded that the guarantors of the
loanees must be members of the Savings and Credit Co-operative. This study has
recommended that the Savings and Credit Co-operative should model it services in
order to accommodate different forms of membership to include business men women
groups and youth groups so as to attract government funded programmes to assist in
mobilization of resources.
Citation
Druscillah J. Cherogony. 2013.Effects Of Financial Resource Mobilization By Ainabkoi Rural Sacco In Ainabkoi Division Uasin Gishu County. A Research Project Report Submitted To Nairobi University In Partial Fulfillment For The Requirement Of The Award Of Masters Of Arts In Project Planning And Management.Publisher
University of Nairobi, Department of Education Administration & Planning
Collections
- Faculty of Education (FEd) [5964]