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Effect of Microfinance Services on Women Empowerment in Nyandarua County, Kenya: A Case of Kenya Women Finance Trust Clients

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  • Faith Gathoni
  • Margaret Oloko

Abstract

Women play a crucial role in the economic development of the society but obstacles like poverty, unemployment, low income and societal discriminations mostly in developing countries have hindered the effective performance of that role and women thus still lack many of the resources available to men , they are faced with inevitable poverty and they also lack empowerment. The study sought to address the effect of microfinance services on women empowerment in Nyandarua County, Kenya. Descriptive research design was used in this study. Clients of Kenya Women Finance Trust (KWFT) formed the population of the study. Primary data was obtained through administration of questionnaires to the target population. Data collected was analysed using descriptive analysis tools, processed by SPSS and information generated presented in form of frequency tables and graphs. The researcher found out that Microfinance institutions (MFIs) through their services have played a huge role in empowering women both economically and socially. The researcher concluded that for women to be more effective in their strategic options for empowerment, they need to invest microfinance credit obtained in profitable business in order to increase the capital and MFIs should also introduce mechanisms to motivate their clients to develop better saving habits. Further recommendations were that the Microfinance institutions give more attention on trainings on the management of the funds to help women make better business decisions.

Suggested Citation

  • Faith Gathoni & Margaret Oloko, 2014. "Effect of Microfinance Services on Women Empowerment in Nyandarua County, Kenya: A Case of Kenya Women Finance Trust Clients," International Journal of Management Sciences, Research Academy of Social Sciences, vol. 4(3), pages 106-114.
    • Handle: RePEc:rss:jnljms:v4i3p1
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    References listed on IDEAS

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    1. Bennett, L. & Goldberg, M., 1993. "Providing Enterprise Development and Financial Services to Women, A Decade of Bank Experience in Asia," Papers 236, World Bank - Technical Papers.
    2. Schultz, Theodore W, 1980. "Nobel Lecture: The Economics of Being Poor," Journal of Political Economy, University of Chicago Press, vol. 88(4), pages 639-651, August.
    3. Ranjula Bali Swain & Fan Yang Wallentin, 2009. "Does microfinance empower women? Evidence from self-help groups in India," International Review of Applied Economics, Taylor & Francis Journals, vol. 23(5), pages 541-556.
    4. Marguerite S. Robinson, 2002. "The Microfinance Revolution : Volume 2. Lessons from Indonesia," World Bank Publications - Books, The World Bank Group, number 14254, December.
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    Cited by:

    1. Ali Hamid Irhoumah Nisser & Abdullah Mohammad Ahmed Ayedh, 2017. "Micro nance and Women's Empowerment in Egypt," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 2(1), pages 52-58.

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