Microfinance Institutions In Kenya ​🇰🇪​

Microfinance Institutions In Kenya ​🇰🇪​

👓 Gatimu Eric
Microfinance Institutions In Kenya ​🇰🇪​

Microfinance Institutions In Kenya ​🇰🇪​

✅ The book 📚️ brings out what most of the micro finance institutions are facing 😀 in administration of loans that are advanced to potential clients; it brings out the identified issues that need to be addressed in order for growth 📈 of these micro-finance institutions. The research was undertaken in Africa 🌍️ (Kenya ​🇰🇪​) in view of assisting and ➕ guarding 💂 micro-finance institutions core objectives and ➕ its continuity. The author noted 🎵 that if the drastic measures were not ❌️ employed to deal with the underlying issues that had been identified then chances of survival of these institution would decrease hence double ⏩️ tragedy to the poor people 👥 , who would indeed suffer , since most of the people 👥 reliably depend on loans advanced to them ➡️👥 to better their lives. The findings 🔎 indicated that credit 💳️ policies, initial loan appraisal process, loan recovery procedures have a significant impact on the loan default rate 🐀, thus the micro-finance institutions have a cause to worry if they have to reduce the loan default rates 🐀 by considering the three 3️⃣ factors under the study. It is suggested that a similar study be undertaken targeting 🎯 in banking 🏦 sector to establish the factors that contribute to loan the default.



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