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Autor/in | Muthoni, Muturi Phyllis |
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Titel | Assessing Borrower's and Business' Factors Causing Microcredit Default in Kenya: A Comparative Analysis of Microfinance Institutions and Financial Intermediaries |
Quelle | In: Journal of Education and Practice, 7 (2016) 12, S.97-118 (22 Seiten)
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Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 2222-1735 |
Schlagwörter | Foreign Countries; Loan Default; Credit (Finance); Comparative Analysis; Loan Repayment; Influences; Financial Services; Questionnaires; Statistical Analysis; Correlation; Multiple Regression Analysis; Factor Analysis; Likert Scales; Kenya |
Abstract | A major concern on microcredit repayment remains a major obstacle to the Micro Financial Institutions (MFIs) and Financial Intermediaries (FIs) in Kenya. The health of MFI sector in Sub Sahara Africa (SSA) is a cause of concern due to the increased portfolio at risk (PAR). This region records the highest risk globally. Its PAR 30 is greater than 5 percent. This study sought to investigate causes of loan default within MFIs and Financial Intermediaries (FIs) in Kenya. The study addressed the following specific objectives; (1) to evaluate the influence of borrower's characteristics on loan default in MFIs and FIs (2) to investigate the relative influence of business characteristics on loan default in MFIs. A target population of 294 MFIs institutions and 76 Financial Institutions was used. A multistage sampling procedure was used to save time and cost by narrowing down on the regions and branches since they were widely spread, a sample of 106 MFIs and 40 FIs was selected. Random sampling was used and primary data collected by use of a questionnaire. Data was analyzed by quantitative methods by use of SPSS; Version 21. Descriptive statistics and inferential statistics were employed to make generalizations while Factor Analysis was done to reduce the high numbers of factors to a smaller number which were significant. A multiple regression model and Pearson correlation were used to establish relationships among the variables. The findings of the study indicated that two variables namely; borrower's characteristics and business characteristics were significant among MFIs and FIs but with some differences in the parameters measured for the two variables. (As Provided). |
Anmerkungen | IISTE. No 1 Central, Hong Kong Island, Hong Kong SAR. Tel: +852-39485948; e-mail: JEP@iiste.org; Web site: http://iiste.org/Journals/index.php/JEP |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2020/1/01 |