http://repository.must.ac.ke/handle/123456789/23 Thu, 23 Apr 2026 11:46:59 GMT 2026-04-23T11:46:59Z http://repository.must.ac.ke/handle/123456789/896 Effectiveness of financial regulations on growth of deposit taking Savings and Credit Cooperative in Mount Kenya Region Mbuko, Joseph Mwenda. Savings and Credit Cooperative (SACCO) societies are key players in providing financial services to Kenyans. Over the years, the expansion of SACCO has been seen as panacea to alleviate poverty in the society through financial inclusion. This fast growth has not been devoid of SACCOs facing myriad of challenges. Financial regulations were established by the Government to prudently control and regulate SACCO sector operations to safeguard the shareholders' interests. After SASRA regulations of 2010 came into effect, there was 18.6% decline in existing deposits taking SACCOs. This translated into a collapse of forty (40) SACCOs countywide. This decline was against the expectation that there would be sustained growth o SACCOs in respect to SACCO regulations. This study sought to establish the effectiveness of financial regulations on the growth of deposit-taking SACCOs in Mount Kenya region. The research hypotheses stated that licensing regulations, Capital adequacy regulation, liquidity regulations, and loan provisioning had any significant effect on the growth of deposit-taking SACCOs in Mount Kenya region. Descriptive research design and inferential statistics were used in the study. The target population was fifty-four SACCOs from eight Counties of Mount Kenya region. A census method was used to collect data from the total population. A questionnaire was employed as the main data collection instrument for Primary data. Secondary data was obtained from SACCO Society Regulatory Authority (SASRA) annual supervision reports. The reliability of the study was assessed using Cronbach alpha coefficient. Quantitative data analysis was undertaken for both Primary and Secondary data collected. Data was analyzed using Statistical Package of Social Science (SPSS) version 25. Tables were used to present the results. Multiple regressions were used to test the research hypotheses for the turnover of DTS against financial regulations to determine the associations among the study variables. The study findings established that licensing (r =0.945) had a strong positive correlation with the growth of SACCOs. However, capital adequacy (r =0479), liquidity (r =0.478), and loan provisioning r =0.393) had a positive weak correlation with the growths of DTS. The study concluded that all the variables under study are statistically significant in explaining the growth of deposit-taking SACCO in Kenya. The study recommends a review of the licensing regulations by the government through SARA to save witnessed decline of SACCO and bring more entities on board as SACCOs for sustainable financial inclusion. The study recommends the government through SARA to review the liquidity challenged encountered by SACCOs and ensure SACCOs have a way to pool their resources together hence cushion them from stiff competition from other financial players in the industry and salvage SACCOs for sustainable growth. Sun, 01 Jan 2023 00:00:00 GMT http://repository.must.ac.ke/handle/123456789/896 2023-01-01T00:00:00Z http://repository.must.ac.ke/handle/123456789/628 Internal Control System as Means of Fraud Control in Deposit Taking Financial Institutions in Imenti North Sub-County Nyakarimi, Samuel Ngigi; Karwirwa, Mary The purpose of the study was to establish the relationship between internal control systems (ICS) and fraud control in deposit taking financial institutions. ICS was analyzed based on its component which include; Control Environment, Risk Assessment, Control Activities, Information and Communication and Monitoring. The Researcher set out to establish how ICS could be used to control fraud in financial institutions. The researcher set study objectives and hypotheses that assisted in establishing the relationship sort. The research was conducted using both quantitative and qualitative approaches using Stratified random sampling, ANOVA and Descriptive Research Designs. Data was collected using Questionnaires from the operations managers and supervisors, from various deposit taking financial institutions in Imenti North Subcounty. A sample of 92 respondents from a population of 120 was used for this study. Data was analyzed using the Statistical Package for Social Scientists (SPSS) where conclusions were drawn from tables and figures derived from the Package. The study found that the financial institutions analyzed recruit through vetting on competences and integrity, the organization structure reflects chain of command, there are proper follow-up of delegated responsibilities and the employees are promoted and compensated fairly. On risk assessment the study revealed that the institutions have proper mechanisms of mitigating risks, financial documents are properly kept, and there are processes of identifying and estimating risks. Though there was agreement that there are no cases of missing documents to authenticate transaction the analysis reflected a low mean than in other parameters. In analyzing control activities it was found that transactions are undertaken by authorized personnel, reconciliations are done regularly, proper accounting principles are applied and there is proper segregation of duties. Further the study showed that there is job rotation and verifications are done to reduce chances of forgery. The study revealed that the institutions have developed means of passing information, the employees are informed of their roles, besides engaging external parties to verify financial statements they also act upon the findings quickly. In monitoring organizations have evaluation mechanisms, they also have plans on activities and ensures that the laid down rules are followed. Research study found that there are continuous checks to ensure controls are working well. The study established a significant relationship between ICS and fraud control. The researcher recommends that the management of these institutions should establish proper mechanisms of promoting qualified and deserving employees, also the institutions should ensure fair remunerations based on qualification, responsibilities and output of employees. The study recommends that the financial institutions establish and manages knowledge or information management system within the institution, so as to enable all parties within the institution to freely access and utilize necessary official information that will enable the employees to embrace and appreciate their roles in enhancing vigilance against fraudsters. Thu, 01 Jan 2015 00:00:00 GMT http://repository.must.ac.ke/handle/123456789/628 2015-01-01T00:00:00Z http://repository.must.ac.ke/handle/123456789/626 Influence of corporate social responsibility activities on financial performance of commercial banks in Meru town, Meru County Karuti, Jephitha Kirimi.; Shano, M; Rukangu, S There has been an increased and contained expenditure by a number of corporate organizations on activities that relate to corporate social responsibility (CSR) over the years globally. It is now accepted and expected that a profit- making organization must engage in socially responsive activities.The study examined CSR activities;education support, environmental conservation and infrastructure development which influence financial performance of commercial banks in Meru town Meru County. The study employed descriptive research design. The population of the study comprised of 212 staff of the 17 commercial banks that were selected using stratified random sampling method.Questionnaires for the commercial bank staff was the primary method of data collection. The instrument were piloted from the commercial banks Makutano which were included in the study sample. Data collected was analysed through the use of SPSS (Statistical Package for the Social Science) version 20.0 and then presented in frequencies and percentages in tables and charts. By the aid of descriptive and correlations designs data was analysed to deduce relationships. The findings indicated that CRS activities had a significant influence on financial performance with education support activities having the greatest influence. The alternative hypotheses were accepted. Since the study recommended that CSR activities can be generalized to the other financial institutions like SACCOs and micro-finances. Thu, 01 Jan 2015 00:00:00 GMT http://repository.must.ac.ke/handle/123456789/626 2015-01-01T00:00:00Z http://repository.must.ac.ke/handle/123456789/622 Financial management challenges facing implementation of free day secondary education in Imenti North District, Kenya Kaguri, Beatrice Ngatu; Njati, Charles I; Thiaine, Simon Kubaison Almost all modern organizations, including schools have the characteristics of the five basic functions performed by all managers which are planning, organizing, commanding, coordinating and controlling. The launch of Free Primary Education (FPE) in Kenya in 2003 led to increased number of students attending and completing primarry school. This placed intense pressure for the government to meet the growth demand for secondary education. Due to low transition rate of students from primary school to secondary school, the government of Kenya launched Free Secondary Education (FSE) initiative strategy in 2008. FSE was started to increase the transition percentage rate of students from primary to secondary schools,retention and completion without any discrimination.The purpose of this study therefore was to investigate financial , management challenges facing implementation of Free Day Secondary Education(FDSE)) in Imenti North District, Meru County, Meru County ,Kenya in relation to the role of financial, planning, reports, and controls.This study adopted Henri Fayol principles of management which its concepts and principles are common in situations of educational administration in kenya. The sampling design adopted for this research was simple random sampling. Stratified sampling was used to select the principles,BOGs and PTAs while the District Education Officer (DEO) and Zonal Quality Assurance and Standards Officer (ZQASOs) were censured .Questionnaires were used as instruments for collecting data from the BOGs and PTAs while interview schedules were administered to the Principals, DEO and ZQASOs.Validity of the instruments was done through expert researchers. Reliability was tested through split- half technique and a reliability coefficient computed through the use of Spearman Brown Prophecy Formula. The collected data was analyzed using descriptive statistics method of data cleaning and coding. Results of data collected show that Free Day Secondary Schools continue to charge fees for lunch, school unidorms and transport for their children. This project concluded that Free Day Secondary Education has not been able to achieve its objectives due to a variety of variables and gave recommendations for improvements based on the finding and discussions. Wed, 01 Jan 2014 00:00:00 GMT http://repository.must.ac.ke/handle/123456789/622 2014-01-01T00:00:00Z