Effects of strategic risk management on the growth of microfinance sector in Kenya

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dc.contributor.author Njuguna, J
dc.contributor.author Katuse, Paul
dc.contributor.author Waititu, A
dc.contributor.author Gakure, R
dc.date.accessioned 2015-09-21T14:14:00Z
dc.date.available 2015-09-21T14:14:00Z
dc.date.issued 2013
dc.identifier.uri http://erepo.usiu.ac.ke/11732/733
dc.description.abstract Growth of Microfinance Sector (MFIs) in Kenya is exposed to various risks which originate from both the internal and external environment. Strategic risks threaten their financial viability and long-term sustainability of MFIs. The purpose of this study was to establish the effect of strategic risk management strategies on the growth of microfinance sector in Kenya. A sample of seventeen (17) MFIs was selected using the random sampling approach from the population of fifty seven (57). The study adopted a correlation survey research design. A questionnaire and an interview schedule were the main data collection tools. The preferred statistical tool for quantitative data analysis was Statistical Package for Social Sciences (SPSS) computer software. Qualitative data was analyzed using content analysis. The study utilized descriptive and regression analysis to determine the relationship between strategic risk management strategies and growth of MFI. The study results were that strategic risk management strategies were a significant determinant of growth in MFIs. The findings indicated that there were several strategic management measures that had been put in place by MFIs to promote growth which include the existence of board members with the skills and ability to lead the MFI strategically in addition to independent directors who agreed on the MFIs mission and strategic direction. Based on the findings, the study recommended that the MFIs should continue practicing effective strategic risk management practices such as good governance measures en_US
dc.publisher Prime Journal of Social Science (PJSS) ISSN: 2315-5051. Vol. 2(7), pp. 402-406, July 10th, 2013 www.primejournal.org/PJSS en_US
dc.title Effects of strategic risk management on the growth of microfinance sector in Kenya en_US
dc.type Article en_US

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