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Influence of Microcredit Services on Socioeconomic Developments among Pastoralist Women in Wajir West Sub-County, Kenya


 

Low women resilience due to women’s socioeconomic obstacles is deeply ischolar_mained among pastoralist communities, thus, call for much more extensive interventions to such as microfinance services significantly undermines it. The purpose of this study was to establish the influence of microcredit services on socioeconomic developments among pastoralist women in Wajir West Sub-County, Kenya. This study was guided by the Feminist Empowerment Theory. The study adopted descriptive survey research design with a target population of 19644 persons comprises of 19640 women and 4 ward administrators. Cluster random sampling technique was employed with a sample size of 384 persons being used in the study. Data was collected using questionnaires and interview guides. Reliability of the instruments was determined through a pilot study where a Cronbach alpha coefficient 0.78 was established. Quantitative data was analyzed using both descriptive and inferential statistics. The study established that microfinance services contribute positively and significantly to socioeconomic development of pastoralist women. The study recommends that the microfinance institutions improve on the provision of micro credit facilities to the pastoralist communities for it has the potential of improving the socioeconomic status of women.


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  • Influence of Microcredit Services on Socioeconomic Developments among Pastoralist Women in Wajir West Sub-County, Kenya

Abstract Views: 214  |  PDF Views: 98

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Abstract


Low women resilience due to women’s socioeconomic obstacles is deeply ischolar_mained among pastoralist communities, thus, call for much more extensive interventions to such as microfinance services significantly undermines it. The purpose of this study was to establish the influence of microcredit services on socioeconomic developments among pastoralist women in Wajir West Sub-County, Kenya. This study was guided by the Feminist Empowerment Theory. The study adopted descriptive survey research design with a target population of 19644 persons comprises of 19640 women and 4 ward administrators. Cluster random sampling technique was employed with a sample size of 384 persons being used in the study. Data was collected using questionnaires and interview guides. Reliability of the instruments was determined through a pilot study where a Cronbach alpha coefficient 0.78 was established. Quantitative data was analyzed using both descriptive and inferential statistics. The study established that microfinance services contribute positively and significantly to socioeconomic development of pastoralist women. The study recommends that the microfinance institutions improve on the provision of micro credit facilities to the pastoralist communities for it has the potential of improving the socioeconomic status of women.