Browsing by Author "Fred Gichana Atandi"

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    Debt Collection Strategies and Financial Sustainability of Mobile Lending Firms
    (INTERNATIONAL JOURNAL OF ACADEMIC RESEARCH IN ACCOUNTING, FINANCE AND MANAGEMENT SCIENCES, 2022-05-08) Fred Gichana Atandi; Gideon Kirui
    The importance of this study was to improve the financial performance of mobile lending firms which are ever increasing while many of them are struggling with high loan default rates which will eventually negatively affect the sustainability of all mobile lending firms. The study methodology applied was cross sectional, descriptive and correlational survey designs using both quantitative and qualitative research approaches. The target population of the study was 900 respondents but the selected sample size used in the study was 269 respondents. Data collected was both primary and secondary which was analyzed using both descriptive and inferential statistics. The major findings of the study indicated that there is a need to improve on credit recovery efforts to ultimately enhance the firm's income and minimize losses, credit collection strategies should encourage borrowers to repay their debt rather than antagonizing them and ineffective financial management policies can eventually cause inefficiency in financial services. The study proposes further research to be conducted on the effect of government regulations on performance on sustainability of mobile lending firms.
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    Relationship between Liquidity Management and Performance of Savings and Credit Cooperative Societies
    (INTERNATIONAL JOURNAL OF INNOVATIVE RESEARCH & DEVELOPMENT, 2022-04) Fred Gichana Atandi; Joshua Olang’o Abuya
    The purpose of the study was to determine the relationship between liquidity management and performance of savings and cooperative societies. The study was conducted through a cross – sectional, descriptive and correlational survey designs. Primary data collection was conducted using self-administered structured questionnaires. The study considered five (5) Matatu saving and Credit Cooperatives societies operating in Kitale town main stage with a total of 79 employees. The study concluded that there was a very strong positive significant relationship between liquidity management and performance of SACCOs. The study recommended that SACCOs management to ensure that specific loan processing and recovery period is observed to meet its obligations whenever they fall due in order to maintains adequate liquidity for its day-to-day operations. The study also recommended that SACCOs to provide regular training to its members before advancing loans to them. The study also recommended that SACCO’s managements should be keen on improving its liquidity and strengthen liquidity management for their respective SACCOs to be competitive and investors get value for their money.