NDLI: Factors Influencing Financial Sustainability of Microfinance Institutions in Mombasa , Kenya

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Factors Influencing Financial Sustainability of Microfinance Institutions in Mombasa , Kenya

Content Provider	Semantic Scholar
Author	Mutua, Faith Mbithe Ali, Abdallah A. I.
Copyright Year	2017
Abstract	Microfinance is recognized as one of the tools that enhance the capability of the poor to engage in sustainable productive activities, leading to poverty reduction and improved social welfare. Microfinance has become one of the most popular poverty reducing strategies in the world. However, while the surge of microfinance institutions has been unprecedented in the past three decades, their performance and sustainability is still a contentious debate. Worldwide MFIs face an apparent tension between achieving financial suitability and contribution to poverty reduction. Therefore, this study investigated the factors influencing financial sustainability of MFI’s in Kenya with specific focus to Mombasa County. The study examined the effect of governance, donor financing and savings mobilization on financial sustainability of Microfinance Institutions. The population of the study consisted of five microfinance institutions operating in Mombasa Town. These MFI’s are KWFT, Faulu Kenya, Cardet, SMEP and Yehu. The study found that there is a significant but negative relationship between governance, donor financing, saving mobilization and financial sustainability of microfinance institutions in Mombasa County. The study concluded that good governance, donor financing and saving mobilization statistically and significantly influence financial sustainability of microfinance institutions in Mombasa County in Kenya. The study recommended that the management of microfinance institution should institute good governance practices, take advantage all sources of financing including donor financing and savings mobilization to enhance their financial sustainability.
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://www.ijssit.com/main/wp-content/uploads/2017/10/Factors-Influencing-Financial-Sustainability-Of-Microfinance-Institutions-In-Mombasa.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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