FINANCIAL ACTIVITIES AND LOAN REPAYMENT AMONG CREDIT BENEFICIARIES FROM LENDING FINANCIAL INSTITUTIONS IN KENYA
| dc.contributor.author | Philip Kipkorir. Yego | |
| dc.date.accessioned | 2024-09-10T08:35:28Z | |
| dc.date.available | 2024-09-10T08:35:28Z | |
| dc.date.issued | 2021-07 | |
| dc.description.abstract | Many borrowers have benefited from various loans offered by different lending institutions. However, repaying money borrowed from financial institutions has been a challenge for most credit beneficiaries, hence causing a decline or failure in some of the lending institutions. Therefore, the study aimed at examining the relationship between financial activities and loan repayment among credit beneficiaries from lending financial institutions in Kenya. The study utilized 2019 Fin-access Kenya Household Survey data. The study therefore used only secondary data. The data was collected from a sample size of 4760 respondents. The data was analyzed using SPSS 25. Descriptive statistics were used to examine the relationship between the independent and dependent variables in the study. The Chi-Square Tests were used to determine the relationship's significance. From the study, the findings revealed that financial preparedness, debt management skills, financial literacy, and financial behaviors are significantly associated with loan repayment, and thus, it was concluded that financial activities influence loan repayment. The findings also pointed out the need for borrowers to enroll in financial literacy training, whether formal or non-formal. The findings suggest that borrowers should be individually responsible for getting financial knowledge. The findings also suggest that policymakers of lending institutions should incorporate financial activities of the borrowers as part of the background check and requirements before lending money to borrowers. | |
| dc.identifier.uri | https://ir.ueab.ac.ke/handle/123456789/181 | |
| dc.language.iso | en_US | |
| dc.title | FINANCIAL ACTIVITIES AND LOAN REPAYMENT AMONG CREDIT BENEFICIARIES FROM LENDING FINANCIAL INSTITUTIONS IN KENYA | |
| dc.type | Thesis |