Role of Micro Finance Institutions in Promoting Economic Growth Among Vihiga District Entrepreneurs (Kenya)

ABSTRACT The research is all about the role of M.F.I. s in promoting economic growth among entrepreneurs in Vihiga district (Kenya) the introductory chapter introduces the role of M.F.I.s in influencing borrowing, shaping the attitude of entrepreneurs and the M.F.I. intervention activities. The second chapter deals with the review of literature on borrowing from M.F.I.s, the attitude shapers towards M.F.I and the literature on M.F.I intervention. The researcher used published books, journals, newspapers, the internet and personal communication to review literature Chapter three zeros in on the research methodology and design employed by the research. The researcher used S.R.S to sample and employed questionnaires and personal communication to collect data besides personal interviews. The researcher used simple encoding of data, qualitative and or descriptive methods to present the results. Chapter four is all about findings, data analysis and presentation of results. The research presents findings in simple descriptive or qualitative terms for ease of perusal. Tables and figures have been presented in a simple manner. Chapter five concentrates on conclusion, summary of key findings and recommendations that also capture areas for future possible research.

TABLE OF CONTENT

DECLARATION ................................................................................ ii

APPROVAL ....................................................................................... iii

ACKNOWLEDGEMENT ..................................................................... iv

DEDICATION .................................................................................... v

ACRONYMS ..................................................................................... vi

LIST OF TA:&LES AND FIGURES .................................................... viii

TABLE OF CONTENTS ...................................................................... x

ABSTRACT .................................................................................. xiii

CHAPTER ONE

1.0 GENERAL INTRODUCTION OF THE STUDY

1.1 Introduction .................................................................... 1

1.2 Background of the study ................................................ 1

1.3 Description of area of study ............................................. 4

1.4 Problem statement ......................................................... 5

1. 5 Purpose of the study ...................................................... 6

1.6.0 Objectives of the study .................................................... 6

1.6.1 General objectives of the study ........................................ 6

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1. 7 Scope of the study ............................................................ 7

1. 8 Significance of the study .................................................. 8

1.9.0 Conceptual Framework. .................................................. 10

1. 9 .1 Level of borrowing ........................................................... 10

1.9.2 Attitude of entrepreneurs ................................................ 10

1. 9.3 M.F.I. intervention activities ........................................... 11

1. 9. 4 Critical review .................................................................. 11

CHAPTER TWO

2.0 REVIEW OF LITERATURE

2.1 Introduction ........................................................................ 12

2.2 Review of past studies ......................................................... 13

2.2.1 Borrowing ............................................................................. 13

2.2.2 Attitude of entrepreneurs to M.F.I.s ..................................... 22

2.2.3 M.F.I. Intervention activities ............................................. 26

2.3 Critical Review ..................................................................... 28

CHAPTER THREE

3.0 RESEARCH METHODOLOGY

3.1 Introduction .......................................................................... 30

3.2 Research design .................................................................... 30

3.3 Population of study ......................................•........................ 31

3.4 Sampling procedure ................................................•.............. 32

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3. 5. 0 Research Instruments .......................................................... 32

3. 5.1 Questionnaire ........................................................................ 32

3.5.2 Personal interviews ................................................................ 33

3.6 Quality control ...................................................................... 33

3. 7 Ethical consideration ............................................................... 34

3.8 Data analysis ......................................................................... 34

3. 9 Limitations and delimitations of the study ........................... 35

CHAPTER FOUR

4.0 FINDINGS, DATA ANALYSIS AND PRESENTATION OF RESULTS

4.1 Introduction .......................................................................... 37

4.2 Qualitative analysis .................................................................. 37

4.2.1 Questionnaire return rate ..................................................... 37

4.2.2 Role of M.F.I.s in improving borrowing .................................. 38

4.2.3 Role of M.F.I.s in shaping attitude ......................................... 44

4.2.4 M.F.I Intervention activities .................................................. 45

4. 3 Discussions ............................................................................... 51

CHAPTER FIVE

5.0 SUMMARY, CONCLUSIONS AND RECOMMENDATIONS

5.1 Overview ...............................................................•............... 55

5.2 Summary of key findings ....................................................... 55

5.3 Conclusion ...........................•................................................. 57