The purpose of this research project was to evaluate the influence of access of
microfinance loans on poverty reduction towards growth and improvement of people’s
living standards through services offered by Microfinance Institutions (MFIs) in Kuria
west constituency. Microfinance as a tool for poverty alleviation has insufficiently
penetrated the poorest strata of the society; the international poverty centre reported that
even in relatively successful countries such as Ghana and Tanzania, only about six
percent of the population had access to microfinance services. Specifically, the objectives
of the study were to investigate the influence of access to business loans, asset finance
loans, home improvement loans and school fees loans on poverty reduction. Descriptive
research design was adopted and the study targeted a target population of one hundred
and sixty two clients at Kenya Women Finance Trust (KWFT) who were principle
informers identified through a stratified random sampling. Questionnaires and interview
guides were used to collect primary data whereas the secondary data was collected by use
of the library, internet and books. To ensure validity the researcher used a panel of
experts who reviewed the test specifications and selection of items and commented that
the items covered a representative sample of the behaviour domain. To ensure reliability
the researcher used the test-retest technique where he administered the same instruments
to the same respondents after some time and compared and correlated the results with
initial test to measure stability with the outcome showing the same results comparatively.
The data collected from the study was mainly presented through the use of summarized
percentages, averages, tabulations and graphs. The outcome showed that access to
microfinance loans led to a reduction in poverty in Kuria West constituency and the
researcher recommended that trainings and more empowerment was key as MFIs need to
put a lot of care to ensure that income generating activities of their loan recipients are
profitable and loan products appropriate.
Edu, F (2021). Influence Of Access To Microfinance Loans On Poverty Reduction In Kuria West Constituency. Afribary.com: Retrieved June 24, 2021, from https://afribary.com/works/influence-of-access-to-microfinance-loans-on-poverty-reduction-in-kuria-west-constituency
Frontiers, Edu. "Influence Of Access To Microfinance Loans On Poverty Reduction In Kuria West Constituency" Afribary.com. Afribary.com, 04 Jun. 2021, https://afribary.com/works/influence-of-access-to-microfinance-loans-on-poverty-reduction-in-kuria-west-constituency . Accessed 24 Jun. 2021.
Frontiers, Edu. "Influence Of Access To Microfinance Loans On Poverty Reduction In Kuria West Constituency". Afribary.com, Afribary.com, 04 Jun. 2021. Web. 24 Jun. 2021. < https://afribary.com/works/influence-of-access-to-microfinance-loans-on-poverty-reduction-in-kuria-west-constituency >.
Frontiers, Edu. "Influence Of Access To Microfinance Loans On Poverty Reduction In Kuria West Constituency" Afribary.com (2021). Accessed June 24, 2021. https://afribary.com/works/influence-of-access-to-microfinance-loans-on-poverty-reduction-in-kuria-west-constituency