TABLE BANKING CONTRIBUTION ON SOCIO- ECONOMIC EMPOWERMENT OF HOUSEHOLDS IN TURKANA COUNTY, KENYA

Abstract: Table banking is a concept that has gained popularity in the recent past in Kenya. The aim of this kind of informal banking is to enhance the socio-economic status of citizens particularly those from poor areas of the country. However, measuring and tracking changes in the levels of socio-empowerment of households through table banking not yet well established, although it’s becoming popular among women groups in Kenya. The main objective of this study was to determine the contributions of table banking to socio-economic empowerment of households in Turkana County, Kenya. The specific objectives was: to assess the influence of table banking awareness on socio-economic empowerment of households, The study is guided by group joint liability theory, capability theory and Social Capital theory. The study adopted the descriptive survey design where data was collected by use of interviews and questionnaires to get primary data. Secondary data was used to validate the primary data. The study involved a sample of 398 members drawn using simple random sampling from a population of 67,500 Table banking members from Kalobeyei and Kakuma- Turkana West Sub-County. A total of 398 questionnaires were administered, this means the response rate was 97.0%.  Furthermore, a regression equation model was developed to test the relationships between variables.  From the findings, the variables respectively indicated their positive relationship. Therefore, the study exhibited a very strong, positive and significant relationship statistically between table banking and socio-economic empowerment of households. From the findings, the study has been observed that continuous and in-depth training of all table banking groups to enhance their skills especially related to financial management and presentation of the groups. The study also recommends that key stakeholders and both National and County government should consider to seek ways of empowering households with other socio-economic activities and programmes to boost their daily financial access. The study also recommends the government, table banking groups and other stakeholders involved in women empowerment should evaluate and improve table banking services in Kenya. Credits accessed in table banking group should be given clarity on repayment schedule and periods together with interest rate charged on credit. Lastly the several upcoming studies should be done to extract more information on relationship between table banking practice and engagement of households in business (small enterprises).

Keywords: Table Banking, Women Empowerment, Table Banking Awareness.

Title: TABLE BANKING CONTRIBUTION ON SOCIO- ECONOMIC EMPOWERMENT OF HOUSEHOLDS IN TURKANA COUNTY, KENYA

Author: Jesca Edung Lomongin, Dr. Elizabeth Nambuswa Makokha, Dr.  William Sakataka

International Journal of Recent Research in Social Sciences and Humanities (IJRRSSH)

ISSN 2349-7831

Vol. 10, Issue 3, July 2023 - September 2023

Page No: 248-259

Paper Publications

Website: www.paperpublications.org

Published Date: 28-September-2023

DOI: https://doi.org/10.5281/zenodo.8385529

Paper Download Link (Source)

https://www.paperpublications.org/upload/book/TABLE%20BANKING%20CONTRIBUTION-28092023-1.pdf