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Gitau Rahab Gathoni - Masters Student, St. Paul’s University, Kenya


Globally, at least 80% of humanity lives on less than $1.0 per day accounting for 4.8 billion people. This is despite many studies carried out by various researchers on the effects of Microfinance on Socio-Economic Status on households. However despite this effort by Microfinance institutions on empowerment of women entrepreneurs in rural setting this study remains largely unexplored in Kenya. This study aimed to close the gap by establishing the effects of microfinance on social economic status of women loanees in Limuru Constituency of Kiambu County in Kenya. The study adopted a concept of equilibrium of poverty theory by Chambers (1983) Chambers assumed that, gains made from the efforts of the poor people to disentangle themselves from shackles of poverty are quickly lost as a result of their vulnerable conditions. For the methodology the Study adopted mixed method research methodology with the population consisting all women groups under an MFI’s financial support in Limuru Constituency Kiambu Count of Kenya. The sample of the study consisted of 91 women who have accessed financial support from MFIs in Limuru Constituency. The primary data was gathered using structured questionnaires and interview guides. The collected data was analyzed through the help of Statistical Package for social Sciences (SPSS Version 22) which was of great importance in generating the descriptive statistics and also to generate trends results. The study provides recommendations that clear financial management strategies should be put in place to address key critical financial difficulties facing women. The Study also recommends that no interest should be charged on the loan and payment should commence after results have been realized since women groups who had participated in microfinance, the study found that 70% of the women who took the loan had not benefitted.

Full Length Research (PDF Format)