Article Per Year (5 Year)
p-Index From 2020 - 2025
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This Author published in this journals
All Journal The Journal of Financial, Accounting and Economics
Peter Nderitu Githaiga
Moi University Kenya
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Income Diversification and Financial Sustainability of Microfinance Institutions In Kenya Livingstone Cheboi Talel; Irene Asienga; Peter Nderitu Githaiga
The Journal of Financial, Accounting, and Economics Vol. 1 No. 1 (2024)
Publisher : PT. Global World Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58857/JFAE.2024.v01.i01.p04

Abstract

The purpose of this paper was to investigate the effect of income diversification and financial sustainability of microfinance institutions in Kenya. The study used panel data drawn from 32 MFIs over the period 2010-2019 that yielded 320 observations. The data was sourced from the MIX market, a World Bank Database for all MFIs that self-report. Data was analyzed through the ordinary least squares (OLS), the system generalized method of moments, the fixed effect and random effect model. The findings revealed that income diversification had a positive significant relationship to the sustainability of microfinance institutions in Kenya. The results further revealed that breadth of outreach, firm size, average loan size, debt to equity ratio and portfolio at risk (Par>30) had a significant effect on financial sustainability of microfinance institutions in Kenya. Based on the findings this study recommend that MFIs should consider income diversification in their effort towards attaining financial sustainability
Co-Authors Irene Asienga Livingstone Cheboi Talel