INFLUENCE OF RESOURCE MOBILIZATION ON ECONOMIC EMPOWERMENT OF WOMEN GROUPS OF MOIBEN SUB COUNTY, UASIN GISHU COUNTY

Josephine Jerotich Mutai, Dr. Josphat Kwasira

Abstract


Microfinance is increasingly being considered as one of the most effective tools of reducing poverty. Almost all micro-financial institutions give loans to their members, and many offer insurance, deposit and other services. However, the concept of microfinance with its potential to generate profits and improve the economic status of the poor is yet to be achieved. Therefore, the main objective of this study was to establish the influence of resource mobilization on the economic empowerment of women groups of Moiben sub-county, Uasin Gishu County. The study was informed by Group thinking Theory because it informs decision-making that can occur in groups. The study was guided by a descriptive survey research design. The study targeted 73 registered women group with a population of 1352 women. The study accessible population was 219 representatives of the women groups. The researcher employed the use of a questionnaire to collect data from participants. This study used descriptive statistics and inferential statistics. Descriptive statistics were done using frequency percentages, means and standard deviation of each variable. Correlation and regression were used to show the relationship between the dependent variable and the independent variable. The results of the study were presented using Tables. The study found out that resource mobilization has a positive and significant influence on economic empowerment with a β-value of β2=.396 and p-value of 0.001<0.05). The study concluded that resource mobilization has a positive and significant influence on economic empowerment in Moiben Sub-county Uasin Gishu County, Kenya. The study recommended that the micro-financial institutions through resource mobilization should actively make women the objective of their development project.

Keywords; Resource Mobilization, Economic Empowerment, Financial Institutions


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References


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