IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

No images

UserInfo


54.92.197.82
United States United States
Your Time

User Statistics Info
IJSSE is one of the leading International Journals by User Statistics!

Login Form



IJSSE Newsletter Form
Full Names *
E-mail Address: *
Country *
PDF Print E-mail

INFLUENCE OF MOBILE BANKING ON GROWTH OF MICRO FINANCE INSTITUTIONS IN KENYA
 
Maurice Onzere Ala
Jomo Kenyatta University of Agriculture


Dr.  Patrick Karanja
Jomo Kenyatta University of Agriculture

 
ABSTRACT

MFIs in the developing world are increasingly deploying the use of mobile banking to increase growth. The pace of transformation in the MFI sector has speeded up with more MFIs realizing the potential of using the mobile banking in their service delivery. However, there are only a handful of studies on the effect of mobile banking on growth of micro finance institutions.  A population of 360 management staff was identified from three levels of management, which included top management, middle level and lower management. The study used both primary and secondary data. The questionnaire included both structured and unstructured questions. The questionnaire was administered through the drop and pick method to the top, middle and lower managers in the MFIs. The study found out that regulatory requirements influences the growth of MFI to strengthen the governance and internal control structures ; that the profitability and growth of MFIs has led to commercialization and integration of MFIs into the formal financial sector ; that the specialized equity funds help compensate for the lack of private sector representation on MFI boards; that the growth of MFIs tend to have a strong interest in overseeing both the commercial and social objectives; that the growth of MFIs provides sustained access to multiple sources of capital. The study recommends the regulatory authorities to strengthen the governance and internal control structures; integrate of MFIs into the formal financial sector; offer specialized equity funds to help compensate for the lack of private sector representation on MFI boards.


Full Text PDF Format

 
Banner
Publication Disclaimer: The accountability of the article published in IJSSE journals is entirely of the author(s) concerned and not of the publisher/editor. The view expressed in the articles of any IJSSE journal is those of the contributors, and it does not essentially correspond to the views of the publisher/editor. It is responsibility of the authors to seek copyright clearance for any part of the content of the articles. The publisher/editor of IJSSE journals is not liable for errors or any consequences arising from the exercise of information contained in it.
Free counters!
IJSSE - International Journal of Social Sciences and Entrepreneurship | Copyright 2013 | All Rights Reserved  <