| dc.description.abstract | The purpose of this study was to assess the effect of government and other agencies
funding on the performance of water service providers under Athi Water Services
Board. A descriptive research design was applied in this study. The target population
of this study was the nine water company‟s under Athi Water Services Board. These
include: Ruiru-Juja, Thika, Karimenu, Gatundu South, Githunguri, Kiambu, Limuru,
Kikuyu and Karuri Water and Sewerage Co Ltd. The study collected secondary data
from company‟s Audited Financial Statements for the Five years and also from the
WARIS report submitted to WASREB. Quantitative analysis was used through
descriptive statistics. Inferentially, a regression analysis was conducted to establish
the coefficients of each variable of interests. From the findings, the three independent
variables that were studied (funding sources/access to financing, cost of capital and
risk financing pattern) explain a substantial 58.3% of performance of WSPs as
represented by adjusted R2 (0.583). The study concluded that funding sources/access
to financing positively and significantly influenced the performance of WSPs. The
study also concluded that cost of capital negatively but significantly influenced the
performance of WSPs. The study further concluded that risk financing pattern
positively and significantly influenced the performance of WSPs. The study
recommends that since funding sources/access to financing was seen to be a
significant determinant of WSPs performance, the management should actively solicit
for funding from the various sources from the development partners including
focusing on possible PPPs. The study recommends that water companies should
solicit for more funds from donors, increase the range of services they provide and
beef-up their governance structure since financial sustainability is achieved when
service and infrastructure levels and standards are delivered according to a long term
plan. | en_US |
