Abstract: Access to financial services is critical to success in the modern economy. Financing women projects is closely related to their potential to succeeding socio-economically. The formal financial institutions have failed to address and meet the credit needs of the very poor entrepreneurs and women in particular and have resulted into popularity of informal microfinance groups. This study therefore soughtto establish the effect membership power in table banking influence women’s socio-economic welfare. The study adopted an Ex-Post Facto research design and 576 table banking group members from Emgwen Sub-county in Nandi County Kenya comprised the target population. The sample size for the study was arrived at by using the formula propounded by Yamane (1967) cited in Ijeoma and Nwufo (2015) and employed stratified sampling technique to determine a sample of 236 respondents drawn from registered self-help groups practicing table banking and purposive sampling (Judgment sampling) was used to select the 6 field staff as key informants from the Nandi County Department of Social Development (DSD), Joyful Women Organization (JOYWO) and Saving Internally and Lending Communities (SILC) working directly with the table banking groups. Data from the field was collected through the use of questionnaires issued to respondents practicing table banking. Interview schedules with key informants selected from the table banking institutions in the area were also administered. Finally, data was analyzed using both quantitative and qualitative data analysis techniques. Data analysis for quantitative data was analysed using both inferential and descriptive statisticswhile for qualitative data, thematic analysis was adopted. The study findings indicated that membership power (β = 0.134; p<0.05) influence women’s socio-economic welfare in Emgwen Sub-county in Nandi County. Therefore the study recommends that there is need to build the capacity of women groups through training, lending institutions need to reach to all women groups to increase women loans uptake capacity, there is a need to seal information gaps on women groups and women need to have courage and ability that they can still perform and operate business as opposed to relying on their members and families.
Keywords: Table Banking, Membership Power and Socio-Economic Welfare.
Title: EFFECT OF TABLE BANKING ON SOCIO-ECONOMIC WELFARE OF WOMEN IN EMGWEN SUB-COUNTY, NANDI COUNTY KENYA
Author: Shadrack Kipchumba Tarus, Dr Benard M. Kadurenge, Mathew Elijah Kawour
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
Research Publish Journals
