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Financial Management Skills and Performance of Youth Economic Empowerment Projects in Kajiado North Sub County, Kenya

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  • Ngibu Ann Waithera

    (Catholic University of Eastern Africa, Langata Campus)

  • Dr. Jennifer Wangari

    (Catholic University of Eastern Africa, Langata Campus)

  • Dr. Mariah Ngutu

    (Catholic University of Eastern Africa, Langata Campus)

Abstract

This study investigated the impact of financial management skills on performance of youth economic empowerment projects in Kajiado North sub-County, Kenya. The study used descriptive and explanatory research techniques, and its 156 target participants were project officers and young people. To create a sample of 156 respondents, a census was done. For this investigation, both qualitative and quantitative methods were employed. Based on the objectives, the researcher used descriptive statistics to examine the quantitative data and content analysis to assess the qualitative data. To evaluate the accuracy and dependability of the research tools, a pilot study was carried out. Data was collected through questionnaires, and then entered into the 25th version of the Statistical Package for Social Sciences (SPSS) for analysis. Tables, frequencies, percentages, averages, and standard deviation were used to present the investigated quantitative results. The study discovered that financial management abilities had a positive and significant impact on how well youth economic empowerment projects performed. The study suggests that the national government put policy into effect by establishing rules and regulations for how to include young people in mentoring initiatives in order to increase their efficiency in project financial management and serve as a means of performance assurance.

Suggested Citation

  • Ngibu Ann Waithera & Dr. Jennifer Wangari & Dr. Mariah Ngutu, 2023. "Financial Management Skills and Performance of Youth Economic Empowerment Projects in Kajiado North Sub County, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 979-987, September.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:9:p:979-987
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    References listed on IDEAS

    as
    1. Daniel Agyapong & Albert Bampo Attram, 2019. "Effect of owner-manager’s financial literacy on the performance of SMEs in the Cape Coast Metropolis in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-13, December.
    2. Ronen Harel & Dafna Schwartz & Dan Kaufmann, 2020. "Funding Access and Innovation in Small Businesses," JRFM, MDPI, vol. 13(9), pages 1-16, September.
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