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Item Cash management practice, SACCO size and Kenya’s deposit taking saving and credit co-operatives financial sustainability(Jurnal Perspektif Pembiayaan dan Pembangunan Daerah, 2020) Kiai, Richard Muthii; Kyalo, Teresia Ngina; Maina, Justus NderituDeposit taking Savings and Credit Co-operatives (SACCO) are solution to social dilemmas like abject poverty, living standards and unemployment. Nevertheless, 14 percent do not maintain sound cash management practices despite SACCOs oversight authority in Kenya offering guidelines and supervision to the enterprises that would assist in maintaining their financial sustainability. This necessitated for the evaluation of the moderating effect of SACCO size on cash management practice and financial sustainability. A descriptive cross-sectional survey design with a positivism philosophical paradigm was adopted. Emailed questionnaire and data collection sheet were used in data collection which registered a 95 percent response rate. A binary logistic regression results established that with presence of a moderator for the predictor sub-variables, the strength of the relationship between variables registered an insignificant change but with introduction of interaction term, the strength of relationship between variables changed. The study concluded that SACCO size portrayed a statistically significant moderating effect on predictor sub-variables and response variable. The study thus recommends that the management need to consider increasing their SACCO sizes through merging, acquiring the non-performing SACCOs or even conducting intensive marketing since large size SACCO have low chances of being financially unsustainable.Item Credit Management Practice, SACCO Size and Financial Sustainability of Deposit Taking Saving and Credit Co-Operatives in Kenya(Journal of Accounting, Finance and Auditing Studies, 2020-06) Maina, Justus Nderitu; Kiai, Richard Muthii; Kyalo, Teresia NginaPurpose:Deposit Taking Saving and Credit Co-operatives facilitates financial intermediation, inclusion and deepening. In spite of this, 30 percent do not operate with prudent credit management practices attributed to unremitted deductions by employer institutions or borrowers’ default and unskilled employees. This makes them prone to de-licensing for being financially vulnerable thus, putting members’ funds at risk. This is still a puzzle even with the investment by the government on an oversight authoritythat can ensure they are compliant to the regulations so as to maintain financial sustainability. This study was conducted to establish the moderating effect of SACCO size on credit management practice and financial sustainability. The information asymmetry theory was adopted where the study population was the Kenya Deposit Taking Saving and Credit Co-operatives. Design and Methodology:A descriptive cross-sectional survey design with a positivism philosophical paradigm where the sample size was 119 respondents out of which 95 percent responded. Emailed questionnaire and data collection sheet were used in data collection. Findings:A binary logistic regression was carried out where it was established that with presence of a moderator for the independent sub-variables, the strength of relationship between variables didn’t change (Nagelkerke R2 = 20.1 percent) but with introduction of interaction term, the strength of relationship between variables changed (Nagelkerke R2 = 27.2 percent). However, the relationship strength between variables didn’t change with presence of a moderator for the independent variable (Nagelkerke R2 = 19.9 percent). Conclusion and recommendation:This study thus, concluded that SACCO size had a significant moderating effect on the independent sub-variables but the overall independent variable did not show any significance. This study recommended that SACCO size should only be considered while addressing credit risk mitigation and staff competence of DT-SACCOs in an effort to improve their financial sustainability.Item Challenges Facing Women Entrepreneurs in Africa -A Case of Kenyan Women Entrepreneurs(ijamee, 2014-06) Kyalo, Teresia Ngina; Kiganane, Lucy MainaEntrepreneurship is the engine of economic growth and wheel that pedal the vehicle of economic development and has been recognized for its importance in the area of job creation, revenue generation, poverty alleviation and wealth creation [1-3] Following this, it is now identified as the central element in the theory of economic development and it makes up the largest business sector in economies [4,5]. It involves a willingness to rejuvenate market offerings, innovate, risks taking, trying out of new and uncertain products, services and markets and being more proactive than competitors towards exploring new business opportunities [6, 7]. It attracts both men and women who are interested in profitable inter-industry relationship. Women account for significant percent of the operators of Small and Medium Enterprises (SMEs) [5, 8]. Women entrepreneurs make a substantial contribution to national economies through their participation in start-ups and their growth in small and medium businesses [9]. This paper looks at the challenges facing women entrepreneurs in Africa as entrepreneurship is regarded to be a male activity [10]. The main variables investigated were: demographic factors such as personal background, education and experience; social networks; and access to finance. The exploratory and descriptive research designs were adopted. Questionnaires were used as a tool of data collection. Stratified sampling method was used to get 130 respondents from Kenya. Data was analyzed using the SPSS (Statistical Package for Social Studies). Chi-square, ttest and logistic regression were used. Findings of the study revealed that demographic factors and social networks were the main challenges facing women entrepreneurs. However, access to finance was found not a major challenge as women entrepreneurs were found to prefer internal sources of financing. Recommendations based on these findings were: women empowerment, training and sharing of information, provision of networks to enable marketing, provision of working areas near home location because of family reasons, building of self-confidence and esteem, risk taking training to improve formal market credits and thus grow their enterprises.