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

ACKNOWLEDGEMENT iv

DEDICATION V

ACRONYMS V~

LIST OF TABLES AND FIGURES viii

TABLE OF CONTENTS x

ABSTRACT X

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

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

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 Discussioiis 51

CHAPTER FIVE

5.0 SUMMARY, CONCLUSIONS AND RECOMMENDATIONS

5.1 Overview 55

5.2 Summary of key findings 55

5.3 Conclusion 57

5.4 Recommendations .58

5.5 Areas of further future research 60

Refereizces 62

Appendices

i) Questionnaire for entrepreneur

ii) The map of the area of study

iii) Questionnaire for the micro financier

iv) Transmittal letter

v) Budget