A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA
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...
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| Format: | Article |
| Language: | English |
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2022
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| Online Access: | https://repository.daystar.ac.ke/handle/123456789/3986 |
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| author | Cheruiyot, Peter Kimutai Cheruiyot, Jane Kositany Yegon, Charles Kiprotich |
| author_facet | Cheruiyot, Peter Kimutai Cheruiyot, Jane Kositany Yegon, Charles Kiprotich |
| author_sort | Cheruiyot, Peter Kimutai |
| collection | DSpace |
| description | 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. |
| format | Article |
| id | ir-123456789-3986 |
| institution | Daystar University |
| language | English |
| publishDate | 2022 |
| publisher | Licensed under Creative Common |
| record_format | dspace |
| spelling | ir-123456789-39862024-02-21T16:25:00Z A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA Cheruiyot, Peter Kimutai Cheruiyot, Jane Kositany Yegon, Charles Kiprotich Rotating savings Credit Lump-sum Payment Informal sector Funding Kenya 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. University of Kabianga, Kenya Daystar University University of Kabianga 2022-12-08T14:17:07Z 2022-12-08T14:17:07Z 2016-05-05 Article 2348 0386 https://repository.daystar.ac.ke/handle/123456789/3986 en application/pdf Licensed under Creative Common |
| spellingShingle | Rotating savings Credit Lump-sum Payment Informal sector Funding Kenya Cheruiyot, Peter Kimutai Cheruiyot, Jane Kositany Yegon, Charles Kiprotich A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA |
| title | A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA |
| title_full | A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA |
| title_fullStr | A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA |
| title_full_unstemmed | A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA |
| title_short | A STUDY ON OPERATIONS AND IMPACT OF ROTATING SAVINGS AND CREDIT ASSOCIATIONS:CASE OF MIDDLE INCOME EARNERS IN EMBAKASI NAIROBI, KENYA |
| title_sort | study on operations and impact of rotating savings and credit associations:case of middle income earners in embakasi nairobi, kenya |
| topic | Rotating savings Credit Lump-sum Payment Informal sector Funding Kenya |
| url | https://repository.daystar.ac.ke/handle/123456789/3986 |
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