Assessing The Role Of Village Savings And Loans Model In Improving Livelihoods Of Self-Help Group Members In Uriri Sub-County, Migori County–Kenya.
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Date
2023-10
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
School of Applied Human Sciences, Daystar University
Abstract
ABSTRACT
This study aimed at assessing the role of the VS&L model in improving the livelihoods of members of self-help groups in Uriri Sub-county. The study’s objectives were; examine services provided to members of the self-help groups (SHG) by VS&L, establish factors that motivate SHGs to adopt the VS&L and assess the role of the SHG in improving the livelihoods of household members. The study used Social Capital theory and Group Development theory. The study target population 1,285 SHG members, the study sample size 129 members’, 6 Officials of SHGs and 1 Sub-county officer. The study used structured questionnaires for primary respondents and in-depth interview guides for key informants. The data analysis used descriptive and inferential statistics using SPSS 25. The study reported cheap credit with low interest rate, easy borrowing procedures, flexible saving habits and short cycle that is flexible the main services provided to SHG members (mean 1.00 and standard deviation 0.000). Study established that the motivating factors for adoption of VS&L were group management style, group organization, credit worthiness, regular meetings, having social interaction with others and provision of start-up money from other actors (Mean 1.00 and standard deviation 0.000). The study further reported livelihood and poverty reduction 121(93.9%), economic security 93(71.7%) and support the business enterprise 82(63.6%) the main roles of VS&L in improving livelihood. The study concluded that the services provided to members, factors that motivate and role of VS&L had an influence on the overall role of VS&L in improving the livelihood of SHG members. The study recommended SHG to strengthened attendance of VS&L transaction meetings and strong group dynamic for effective functionality and sustainability of VS&L. The study further recommended the integration of financial education and entrepreneurship skills with VS&L trainings for improvement of livelihood and economic empowerment.
Description
Masters Thesis
Keywords
Village Savings, Loans, Self-Help Group, Uriri Sub-County, Migori County, Kenya
Citation
Olwal, F., (2023, Thesis). Assessing The Role Of Village Savings And Loans Model In Improving Livelihoods Of Self-Help Group Members In Uriri Sub-County, Migori County–Kenya. School of Applied Human Sciences, Daystar University