| dc.description.abstract | Although micro finance has played a significant role in providing a wide range of
financial products and services, many microfinance institutions (MFIs) in Kenya still face
major challenges with efficiently and effectively delivering microfinance services in the
country. As the demand for these services continues to grow, the sector has been faced by
many constraints, the major one being lack of a specific regulatory framework in respect
of microfinance institutions. These and other factors have jeopardized MFIs sustainability
and have compromised the delivery of microfinance services in the country.
With the enactment of the microfinance legislation in June, 2008, much change is
expected to the industry especially in respect of transparency and accountability, adoption
of acceptable performance standards and promotion of professionalism to enhance
service delivery. The aim of this research work is to contribute to the understanding of
the significance of the microfinance institutions generally and more particularly in
Kenya. It also aims at analysing the Kenyan regulatory framework and assessing its
adequacy. The research work is therefore intended to inform the design of a more
concrete regulatory policy in respect of microfinance institutions in Kenya. | en |
