The microfinance banks play a critical role in the economic development of diverse countries across the world especially amongst the developing countries. Microfinance banks offer financial services to those members of populations that are excluded from accessing these services from conventional financial systems. Therefore microfinance banks are critical in improving access to the financial services of the poor since the banks do not require high collaterals for its customers. However, the m...
Small and micro enterprises (SMEs) have strong influence on the economies of many countries. In Kenya, SMEs play a key role in economic development including job creation. In 2014, eighty percent (80%) of jobs created were dominated by these enterprises. SMEs are the core business units in Kenya, however many of them do not progress to maturity implying poor performance. Performance of any organization is dependent on the competence of its leaders or managers. Studies that have sought to inve...
The development of mobile technology has increased, causing effects in the banking sector on a global scale. Moreover, there has been an increase in the rapid technological surroundings around the world in the banking industry and the expansion of distribution channels for financial services. The study’s purpose was to investigate the influence of technology adoption, income-expenditure disparity, client characteristics and interest rates on the uptake of mobile-based lending by commercial ...
There has been unprecedented competition in the financial sector particularly amongst commercial banks. This trend has persuaded banks to be more innovative in order to remain relevant in the sector. One of the key innovations is the introduction of agency banking in the industry. Since the inception of the same in 2010, it has not been clear the extent to which agency banking has influenced financial services accessibility. The study examined the implication of agency banking on financial se...
This study examined the ways in which the KCB Mtaani (agency banking) has been used as a competitive strategy at KCB through the enhancement of the financial inclusion within Nakuru County. The need for a competitive strategy was informed by the intense competition in terms of profitability and market share of the different banks. The specific objectives of the study included to examine the cost of banking transactions, to determine the efficiency of agency banking in time saving, to investig...
It is a fact that success in every organization depends on the quality of its human resources both skilled and unskilled labor. Studies have shown that in today’s competitive business environment, success is increasingly a function of effective human resources management. In the recent past Nakuru County Government faced performance issues. The employees joined forces with the members of county assembly in calling for the Governor’s resignation. This shows dissatisfaction on the part of e...
The 21st Century work environment requires workers to have requisite soft skills and many organizations offer internship opportunities to enable students gain these skills and prepare them to function in current workplace. This study aimed to evaluate selected internship factors on mastery of soft skills among interns in the County Government of Nakuru. The specific objectives of the study are to analyse the effect of assessment criteria, competency of internship supervisors, person role fitn...
Savings and Credit Cooperative Societies (SACCOs) play an essential role in economic development as part of the financial system. In Kenya, 63% of population benefit from SACCOs. SACCOs are vital instrument embraced by Kenyan Government towards increasing financial inclusion especially now that financial transactions are tending towards a cashless economy. Despite of its success it is faced with a number of challenges with the key being adoption of latest information technology and computeriz...
Kenya adopted an export led growth of economic development following the paradigm shift in trade policy, from an inward to an outward approach documented in Sessional Paper No. 1 of 1986 on Economic Management for Renewed Growth. This policy orientation is further justified in Kenya Vision 2030 that foresees trade as a key contributor to economic growth target rate of 10% per year. Despite adoption of the policy, export firms still do not achieve optimal growth and competitive levels that is ...
In the wake of recent corporate scandals. It is observed that the value of the firm keeps on changing for the worse, the question is; could it be as a result of corporate governance? .This study therefore looked at the effects of corporate governance on the value of firms quoted at the Nairobi Security Exchange in Kenya value of the firm. The study adopted diagnostic research design, a sample of 49 quoted companies were selected through stratified and simple sampling designs. Data was analy...
The purpose of this study was to assess employee performance in the public service in Kenya. The study was guided by the following specific objectives: to examine the role of personal attributes on employee performance in the public service in Kenya, to establish the consequence of leadership style on employee performance in the public service in Kenya, to analyze how team work practices influence employee performance in the public service in Kenya, to investigate the impact of organizational...
The purpose of this research was to investigate the factors influencing global expansion performance of Kenyan firms. Kenyan firms must ultimately possess the capability to innovate and interact effectively with other firms in more or less tightly connected networks of shared production and innovation, critical capabilities in the current wave of globalisation. The research study used descriptive and inferential design as a chosen design. The researcher used factor analysis and multiple/multi...
Working capital management is a key issue in financial decision making since its overall goal is to ensure that a firm is able to continue its operations and that it has sufficient ability to satisfy both maturing short-term debt and upcoming operational expenses which directly affects the liquidity and eventual profitability of the company. Companies can thus use working capital management as an approach to influence their profitability. This project studied the impact of working capital man...
County governments in Kenya have been consistently accused of poor budget absorption. However, there are no comprehensive studies that have been advanced to assess the challenges cited by the office of controller of budget on absorption rates in county governments. This study sought to assess the challenges affecting budget absorption in the county governments. The study specifically sought to assess the delays in disbursement of funds from national government, manpower capacity, delays in pr...
The informal financial sector provides savings and credit facilities for lower income households and small scale enterprises in urban areas. The informal financial sector mobilizes rural savings and small savings from low income urban households. Despite their success in providing monetary services to small businesses that would otherwise lack them, women entrepreneurs still record under performance due to lacking in adequate training, savings and accessibility of loan facilities that would o...