Strategies adopted by microfinance institutions in Nairobi County to support poverty reduction programs in Kenya
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Date
2013-11Author
Kiarie, Anthony G
Type
ThesisLanguage
enMetadata
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The primary purposes of the study were to study strategies adopted by microfinance
institutions to support poverty reduction programs in Kenya, a case study of Nairobi
County. The target population was financial manager from each of the 52 microfinance
institutions in Kenya. The results of the study were both qualitative and quantitative.
Quantitative data collected using a questionnaire were also analyzed by the use of
descriptive statistics using the Statistical Package for Social Sciences and presented
through percentages, means, standard deviations and frequencies. The information was
also represented by use of bar charts, graphs and pie charts and in prose-form. This was
done by tallying up responses, computing percentages of variations in response as well as
describing and interpreting the data in line with the study objectives through use of
Statistical Package for Social Sciences. In assessing adopted strategies and the context
within which a microfinance institution operates, choice of strategy can indeed seem like
a search for a myriad forces pushing and pulling an organization to change and little by
way of established principles to determine what the choice should be. However, the
choice of strategy is fundamental to a microfinance institution on a number of reasons.
The study recommends further research on governments need to develop effective
information convening platform to which the public could be reached in the microfinance
sector by providing political and social economic changes in the efforts to give priority
for the sector to be effective. There is need for initiatives to be taken for us to create a
sustained and stable competitive strategy and for county demand to be able to adjust to
foreign technologies needed in the industry. From the study there is need of adoption of
strategies by microfinance institutions to support poverty reduction programs in Kenya
Citation
A Research Project Submitted In Partial Fulfillment Of The Requirement For The Award Of The Degree Of Master Of Business Administration School Of Business, University Of NairobiPublisher
University of Nairobi School of Business