Browsing by Author "Cheruiyot, Peter Kimutai"

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    Development of Forex Bureaus in Kenya and Their Impact on Exchange Rate Against The Us Dollar
    (International Journal of Economics, Commerce and Management, 2016) Kositany, Jane C.; Cheruiyot, Peter Kimutai; Yegon, Charles Kiprotich
    This study examined the relationship between the development of Forex Bureaus and the exchange rate of the US dollar in Kenyan financial market. It was conducted in Nairobi from November 2005 to January 2006, and data was collected using questionnaires. The questionnaires were distributed to a number of foreign exchange bureaus in Nairobi with the purpose of analysing their development over the years since they were first incorporated in 1995 to date. The main purpose of the study was therefore to analyse the development of foreign exchange bureaus and determine their impact on exchange rates. From the study, the researchers were able to conclude that there is a weak positive relationship between the development of foreign exchange bureaus and the exchange rates in the economy. This was evidenced \ by the fact that 57.14% of the respondents agreed that there was a positive correlation while 42.86% of the respondents disagreed that there was any relationship
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    A Survey on Operations and Impact of Rotating Savings and Credit Associations. A Case Study of Middle Income Earners in Embakasi, Nairobi, Kenya.
    (Licensed under Creative Common, 2016-05-05) Cheruiyot, Peter Kimutai; Kositany, Jane C.; Yegon, Charles Kiprotich
    The study examined the operations and impact of rotating savings and credit organizations on the lives of middle income earners. Therefore, its contents covered introduction that dealt with trends research provides literature currently available on organisations and it assesses the impact of the organizations by analyzing how the members use their funds to enable them acquire financial assets, physical assets, human assets and social assets. Data from 57 groups located in Savannah Ward of Embakasi indicates that ROSCAs operations vary from group to group depending on the agreements by the members. The study indicates that ROSCAs had an impact in lives of middle income earners and it had enabled them acquire financial assets, physical assets, human assets and social assets. In addition the research also showed that the organizations also had an impact on money management since members also used the funds to meet current expenditure.