| dc.description.abstract | This study was set out to assess the extent to which training on financial literacy influenced
financial performance of women self help group customers in Equity Bank, Isiolo Branch. The
combined impact of globalization that comprises of changing patterns of trade and evolving
technologies calls for financial skills that women entrepreneurs in the African continent does not
for a large extent possess, as many more women than men in Africa lack the requisite level of
education, business training, financial literacy skills and entrepreneurship training. In deed
women in many Sub-Saharan countries display lower financial skills than men, are less confident
about their financial knowledge and skills while not enough research has been done on the
influence of financial literacy training on financial performance of women self help groups. The
aim of this study was to determine the influence financial literacy on financial performance of
women self help group customers in Equity Bank, Isiolo Branch. The study was founded on four
objectives as follow: to establish how training on budgeting skills influence financial
performance of women self help group customers in equity bank, Isiolo Branch, to determine
how training on saving skills influence financial performance of women self help group
customers in equity bank, Isiolo branch, to assess how training on bank’s products and services
influence financial performance of women self help group customers in equity bank, Isiolo
branch, to assess how training on debt management influence financial performance of women
self help groups customers in equity bank, Isiolo branch. Quantitative and qualitative data was
collected through a descriptive survey on how training on budgeting skills, saving skills, debt
management skills and on bank products and services influenced financial performance of
women self help group customers in Equity Bank, Isiolo Branch. Questionnaire and structured
focused group discussions were used as data collection instruments. Data analysis was done
using descriptive statistics and inferential statistics. The study established that majority
55(79.7%) of groups were keeping a written budget after the training, majority 57(82.6%)
indicated that their groups were borrowing for investment, majority 51(73.9%) indicated that
training on debt management impacted very strongly on the general group loan graduation while
43(62.3%) indicated that training on debt management skill was extremely important to their
group. The finding further revealed that majority 43(62.3%) of group officials and credit
committee strongly agreed that the group was using alternative banking channels to access bank
services as a result of knowledge they acquired through training. The study also revealed that
69(100.0%) of group officials and credit committee indicated they were saving after the training,
65(94.2%) group official and committee indicated that their groups saved to create security
against which they borrowed while 45(65.2%) of group official indicated that training on saving
was extremely important. The study recommends that government agencies and financial
institutions should focus on training budgeting skill to all the adult in Kenya irrespective of their
gender in order to enhance sustainability in the utilization of the available household resources,
that financial institutions in Kenya should launch saving skills training programs and saving
loyalty programs for all their customers irrespective of the age or gender | en_US |
