https://repository.cuk.ac.ke/handle/123456789/563 DAF Tue, 14 Apr 2026 13:32:51 GMT 2026-04-14T13:32:51Z https://repository.cuk.ac.ke/handle/123456789/1843 Effect of source specific grants on the financial sustainability of nongovernmental organizations in Kenya Inyanza, Beatrice Indangasi; Okello, Grace Adhiambo; Muthoni, Denis Kamau Many NGOs across the globe have been facing financial instability, which has raised concerns about their long-term sustainability. As a result, many NGOs are actively seeking to diversify their revenue sources to sustain their programs and operations such as donor grants, fee-based services, revenue from product sales and services and revolving funds interest income. Thus, this study sought to examine the effect of source specific grants on financial sustainability of NGOs in Kenya. The study was guided by Resource-Based View, Institutional Theory and Resource Dependency Theory and these theories hold the view that there is a linkage between revenue diversification to financial sustainability of organizations. Descriptive research design was adopted and the target population of 511 NGOs operating in Nairobi County was used. The study used stratified sampling to select the NGOs dealing with poverty alleviation and a sample size of 52 was applied. The study administered questionnaires to 52 financial managers from 52 NGOs selected. Reliability tests were taken into account and the results showed that Cronchbach value of the research tool was appropriate as it indicated 0.713. Both descriptive and inferential statistics were used to analyze data. Results revealed that grants had a positive effect on the financial sustainability of NGOs in Nairobi County. The findings also revealed that an increase in source specific grants led to an increase in financial sustainability of NGOs while a decrease of the same was related to lower financial sustainability of NGOs. Based on the findings, the study concluded that grants influenced financial sustainability, therefore, NGOs were more likely to be sustainable when the sources of revenue were diversified. The study recommends that NGOs need to put in place the appropriate management structure to implement their financial strategies to expand their base of grants which will promote their financial sustainability. Lastly, further research is needed to determine whether similar results would be realized in public institutions such as universities who are recently facing financial crisis. A research article published in the International Journal of Social Sciences and Information Technology Sun, 01 Oct 2023 00:00:00 GMT https://repository.cuk.ac.ke/handle/123456789/1843 2023-10-01T00:00:00Z https://repository.cuk.ac.ke/handle/123456789/1841 Financing decision practices,size of savings and credit cooperative organization (Sacco) and financial sustainability of deposit-taking savings and credit co-operative societies in Kenya Gachenga, John; Kamau Muthoni, Denis; Metto Kipkemboi, Wilson Savings and Credit Cooperative Organizations (SACCOs) play a pivotal role in promoting financial inclusion, reducing poverty, and supporting social welfare especially in rural and underserved areas. However, 21% of DT-SACCOs do not operate with prudent financing decisions exposing themselves to financial stress and economic shocks. Even among the SACCOs that met compliance requirements, a drop in the capital adequacy ratio from 16.4% in year 2022 to 16.1% in year 2023 signaled alarming financial strain posing a threat to the existing SACCOs. Alarmingly, 35% of DT-SACCOs have ceased operations attributable to improper financing decisions with three delicensed in January 2025, raising significant concerns over their long-term financial health. Thus, the current study aimed to assess the moderating effect of SACCO size on the relationship between financing decision practices and the financial sustainability of Deposit-Taking Savings and Credit Cooperative Organizations (DT-SACCOs) in Kenya. Anchored on the pecking order theory, the research adopted a positivist paradigm and a cross-sectional survey design. A total of 176 finance managers representing 176 licensed DT-SACCOs constituted the study population. Data were collected by structured questionnaires with a 98% response rate as a sample of 122 respondents was selected by Yamane’s formula. Results from a binary logistic regression indicated that introducing the moderator led to a slight increase in the Nagelkerke R², while the inclusion of the interaction terms further strengthened the relationship between predictor variables and financial sustainability. The findings confirmed that SACCO size had a statistically significant moderating effect on this relationship. This study recommends integrating scenario-based stress testing into financing decisions to assess their long-term impact on different funding structures, so as to facilitate their confrontation of different economic conditions. A journal published in the journal of accounting, finance and auditing studies. Tue, 09 Sep 2025 00:00:00 GMT https://repository.cuk.ac.ke/handle/123456789/1841 2025-09-09T00:00:00Z https://repository.cuk.ac.ke/handle/123456789/1840 Credit management practices,firm size and financial sustainability of deposit-taking savings and credit co-operative societies in Kenya Gachenga, John; Muthoni, Kamau; Metto, Wilson The study examined the moderating effect of firm size on the relationship between credit management practices and the financial sustainability of DT-SACCOs in Kenya. The study was grounded in information asymmetry theory, utilising a positivist paradigm and an exploratory research design. The target population consisted of 176 finance managers from 176 DT-SACCOs, providing a robust framework for analysis. The sample size was obtained using Yamane's formula, which resulted in 122 respondents, with a high response rate of 98 per cent for the structured questionnaires administered. Data was analysed using descriptive and inferential statistics. The inferential statistics revealed a strong positive association between credit management practices and financial sustainability, with p-values of 0.013. Notably, the Nagelkerke R-squared change demonstrated that firm size moderates the connection between credit management practices and financial sustainability.The study recommends enhancing financial sustainability through credit information sharing and establishing a deposit guarantee fund to protect members' funds in the event of license revocation or closure. A journal article published in financial studies journal Wed, 01 Jan 2025 00:00:00 GMT https://repository.cuk.ac.ke/handle/123456789/1840 2025-01-01T00:00:00Z https://repository.cuk.ac.ke/handle/123456789/1839 Cash management practices,firm size and financial sustainability of deposit-taking savings and credit co-operative societies in Kenya Gachenga, John Deposit-taking Savings and Credit Co-operative Societies (DT-SACCOs) have been recognized globally as pivotal financial institutions that facilitate economic development and financial inclusion. Despite this significance, 35.55% of DT-SACCOs in Kenya have been reported as financially unsustainable, a condition attributed primarily to deficient cash management practices. On average, four Savings and Credit Co-operative Societies (SACCOs) are delicensed annually due to financial distress, raising substantive concerns regarding the sector's sustainability. This study was undertaken to investigate the extent to which firm size moderates the relationship between cash management practices and financial sustainability within Kenyan DT-SACCOs. Grounded in cash management theory, the research adopted a positivist paradigm and employed a cross-sectional survey design. A total of 176 finance managers representing 176 licensed DT-SACCOs constituted the study population. Using Yamane’s formula, a sample of 122 respondents was determined, with data collected through structured questionnaires yielding a 98% response rate. Descriptive and inferential statistical techniques were applied in the data analysis. A statistically significant positive relationship between cash management practices and financial sustainability was identified (p = 0.001). Moreover, an increase in the Nagelkerke R2 statistic indicated that firm size exerted a moderating effect on this relationship. It is recommended that DT-SACCOs prioritize the adoption of integrated digital treasury management systems to centralize and automate cash operations, including collections, disbursements, reconciliation, and liquidity monitoring, thereby enhancing financial resilience and long-term sustainability. An article published in the acadlore journals Sat, 17 May 2025 00:00:00 GMT https://repository.cuk.ac.ke/handle/123456789/1839 2025-05-17T00:00:00Z