Influence of micro-finance institution services on women livelihood: a case of joyful women organization in Trans–Nzoia county, Kenya
This study investigated the influence of MFIs on women livelihood. A case study of JOWYO Trans-Nzoia County. Women livelihood is a central to ensure socio-economic development of any nation. This study was guided by the following objectives;-to establish whether loans acquisition influences women livelihood, to determine whether training influences women livelihood, to determine MFI marketing influence on women livelihood, to find out whether networking influences women livelihood in Trans-Nzoia County, Kenya. A similar number of research questions facilitated the investigation. The target population was 8,450 women involved in MFIs. A sample of 100 women respondents was used to provide data. Descriptive survey design was adopted alongside snow ball and convenience sampling to guide the research process. Questionnaire and interview instruments were used. Questionnaire reliability was determined through a pilot test re-test technique. Instrument validity was done though piloting instruments and seeking expert’s interpretation on designing effective instruments. Data collection was done after obtaining a permit from the National council of Science and Technology. Data was analyzed using descriptive statistics with the help of statistical package of social scientists (SPSS) and Microsoft Excel. The finding are presented in tabulations, frequencies, percentages and means. The key findings for objective one; Loans acquisition and women livelihood: the study sought to elaborate on the women’s source of livelihood or income. It was revealed that 50% of women depend on their salary, 29% of women on farm produce and 21% of women had business as their source of livelihood. Also, on the reasons for applying for a loan indicated that 33% of the women loan was for the capital of the business, followed by 32% household needs, 27% was for health related expenses and lastly 8 for the education of the children.. Most important, the study sought to know what the respondents used as a collateral and the study found out that majority of the respondents 28% used livestock’s, 25% used title deeds as well as salary, 16% said they used business or shop and finally used family property at 6%. For the second objective; Training on MFI and women livelihood: The findings indicated that the types of training JOYWO offered included 32% who had a training on loan use, 27% had training on savings, 26% had a training on business management and 15% had a training on financial control. For objective three; Marketing of MFI and women livelihood. Findings depicted that marketing of JOYWO had benefited the women since 100% said yes and in view of how marketing had benefited the women, the findings revealed that 20% had benefited by learning to access credit, 19% had known of its existence and were able to access it, 17% had improved living status, 15% had become self-reliant women as well as provided capital for their business and 10% gained good control of finance. For objective four; Networking of MFI and women livelihood. The study findings on networking included what networking forms do JOYWO women engage in, 32% of the women said that networking forms engaged was sensitizing others, 25% said networking was through projects, 24% said table banking, 10% said by training women in various income generating activities, 5% said through recruiting other women and 4% networking can be done through formation of self - help groups. The study concludes that MFI influences women livelihood at a greater extent and should be advocated at any County to improve the livelihood of women. It further recommends that loaning should be done more to poor women than those with the salaried to uplift the living standard of the women.