Socio-economic Factors Influencing Sustainability of Women Village Saving and Loaning Institutions in Kuria Subcounty of Migori County, Kenya
Abstract
Women's village saving and loan institutions emerged in response to the pervasive poverty
within rural communities. Their primary objective is to enhance the livelihoods of villagers
and significantly reduce poverty levels. However, ensuring the long-term viability of these
projects remains a challenge due to issues such as inadequate <governance within the groups,
a lack of capacity-building initiatives, and insufficient stakeholder engagement, all of which
result in limited benefits associated with these initiatives=. This study aimed to investigate
<the socio-economic factors that influence the sustainability of women's village saving and
loan institutions in Kuria East Sub-county, Migori County, Kenya=. The research was <guided
by the following objectives: to examine the impact of governance on the sustainability of
women's village saving and loan institutions, to assess how capacity-building for women
affects their sustainability, to explore the influence of stakeholder engagement on
sustainability, and to analyze how associated benefits contribute to the sustainability of these
institutions in Kuria Sub-county, Migori County, Kenya=. The researcher <framed the study
within the context of the theory of constraints and systems theory, both of which emphasize
the effective management of scarce resources=. For example, these theories encourage groups
to embrace a culture of saving to ensure the sustainability of women's saving and loan
initiatives. The research employed <a descriptive survey design, with a sample size of 106
respondents, including 104 group members and 2 loan officers involved in village saving and
loaning activities in Kuria East Sub-county, Migori County=. The sample was selected <using
stratified and purposive random sampling methods, as the population under investigation was
sufficient for conducting a scientifically sound inquiry=. Data collection was conducted
<using questionnaires and interview schedules, and descriptive analysis was employed to
examine variable distributions in terms of mean and standard deviation=. Additionally, <a Z-
test was used to test the study's hypotheses at a 95% confidence level (P=0.05). The study's
findings revealed that governance (1.3874 with a p-value of 0.0025>0.05), capacity building
(1.3874 with a p-value of 0.0025>0.05), stakeholder engagement (0.1264 with a p-value of
0.004>0.05), and associated benefits (1.5352 with a p-value of 0.0035>0.05) all exerted
significant influence on the sustainability of women's village saving and loan institutions=.
Key Terms: Governance, capacity building, stakeholders’ engagement, associated benefits
and <sustainability of women village saving and loaning institutions=.
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- School of Business [1411]
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