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Abstract: Microfinance plays a vital role to a country’s economy since it provides loans to small and medium enterprises which constitute the majority of businesses in most countries. The main objective of the study was to determine the effect of loan management on the financial performance of Deposit Taking SACCOs in Kisii County. The target population of this study was 120 employees of all the six Deposit Taking SACCOs in Kisii County. The study used census technique. Primary data were collected using a questionnaire. The data were analyzed by use of descriptive statistics and inferential statistics. The study revealed that loan collection policies, credit risk measures and loan default have significant effect on the performance of Deposit Taking SACCOs. The study recommended that the SACCOs should uphold monitoring of loans that are in arrear, also penalize clients for late payment and limit access to repeat loans for defaulters, monitor the flow of borrower's business through the SACCO's account, make regular review of the borrower's reports, be supportive to borrowers whenever they are in difficulties, make frequent contact with borrowers and that they make on-line visits.

Abstract: Around half of the world’s population is out of formal banking and financial services. For this reason, several mobile payment trend studies have revealed the potential of mobile network technologies for payment purposes. The main objective of the study was to assess the effect of mobile banking to financial performance of commercial banks in Kisii Town, Kenya. The specific objectives of the study were to evaluate the effect of perceived security of mobile payments technology on financial performance of commercial banks in Kisii Town, to determine the effect of perceived ease of accessibility of mobile payments technology on financial performance of commercial banks in Kisii Town and to determine the effect of transaction cost of mobile payment technology on financial performance of commercial banks in Kisii Town. The study used a sample of 255 respondents which was drawn from Operation Managers, clients, cashiers and 7 M-Pesa paying agents. The data collected were analyzed by use of descriptive statistics and inferential statistics with the help of Social Sciences version 21 software. The study found out that, perceived cost, perceived access and perceived security of mobile payments technology have a significant influence on the financial performance of commercial banks. The study concluded that the transaction cost of mobile payment is cheap, mobile banking money can be sent any time of day; it saves time of travelling and that mobile banking transactions are processed in accordance with clients’ expectations besides providing evident of payment to another person.

Abstract: Internal control is a system structured within the corporation whose goal is to raise efficiency and effectiveness of activities. The main objective of the study was to establish effects of internal control systems on the financial performance of Menengai Oil Company, Kenya. The specific objectives of the study were to determine the effect of control environment on the financial performance of Menengai Company, determine the influence of risk assessment on the financial performance of Menengai Company and to establish the influence of information systems on financial performance of Menengai Company. The study adopted a survey research design. A census of 189 respondents was used in the study. The data collected were first be tabulated, then analyzed by use of descriptive statistics and inferential statistics. The results were presented in charts, tables and graphs. ANOVA tests confirmed that control environment, risk assessment and information have a significant influence on the financial performance of Menengai Company. This study will shed light on the various internal control activities which can be put in place by the management of Menengai Company.

Abstract: Over the last years an increasing number of companies worldwide started promoting their Corporate Social Responsibility or CSR strategies because the customers, the public and the investors expect them to act sustainable as well as responsible. In most cases CSR is a result of variety of social, environmental and economic pressures. Hence Corporate Social Responsibility has become more relevant today than ever before. This article analysis the meaning of CSR as long as it's effects in Odisha and an attempt to examine the various policies adopted by top Corporate sectors and their role to eliminate the various problem such as poverty, hunger, environmental sustainability, unemployment, gender inequality and protection of national and provincial heritage, art and culture. Under this background, this study reflects the comparative analysis of some major corporate houses like BPSL, MCL, NALCO, TATA and VEDANTA towards CSR expenditure in different districts of Odisha. Among the districts, the maximum CSR spend was in Angul followed by Jajpur and Sundergarh. This article also gives an insight of the recent policy change in respect of CSR with introduction of mandatory Provision - Section 135 on CSR in Companies Act 2013.

Abstract: The major administrative problem today for many governments is inability to collect the revenue required for the provision of public services; huge gaps exist between reported and projected revenues in most county governments in Kenya. The purpose of this study was to establish the influence of ICT on revenue collection in Migori and Homa Bay County governments in Kenya. The objectives of the study were: to determine the influence of ICT system for single business permits on revenue collection; evaluate the influence of ICT system for land rates on revenue collection; establish the influence of ICT system for property rates on revenue collection and establish the influence of ICT system for bus park on revenue collection in Migori and Homa Bay County Governments, Kenya. The study adopted a correlation study research design whose focus was comparative analysis. The target population was 864 consisting of 848 revenue clerks and 16 revenue officers who were employees from Migori and Homa Bay county governments. Sample size was 86respondents where the revenue clerk’s were selected using stratified random sampling technique and revenue officers were selected using purposive sampling technique for this study. The study used both primary and secondary data. Primary data was collected using a questionnaire. Secondary data was collected using document analysis guide. Quantitative data analysis was done using percentages and means. Inferential statistics involved determination of coefficient of multiple correlations and regression equations to establish the relationship between the variables. The findings showed that a strong and almost a perfect association existed between ICT systems adopted in County Governments and the revenue collection (R = 0.959a);  the  application of the information communication technology systems explain up to 91.9% variation in revenue collection efficiency in the county governments( R2 = 0.919). The   application of these systems improves revenue collection efficiency in the county governments. Findings reveal  that all the ICT systems when utilized in Homa Bay County their contribution to revenue collection is statistically significant (p< 0.005); the results indicate that USBPR systems utilization in Homa Bay County causes 0.456 unit increase in revenue collection in the county followed by USPRR system at 0.271 unit increase in revenue collection. Without the utilization of ICT in this county Revenue collection will be negative at -0.067 units’ deficit in revenue collection. Further a strong and positive association existed between ICT systems and revenue collection (R = 0.679a) and the application of ICT systems in Homa Bay county explains up to 46.1% variation in revenue collection efficiency in the county government (R2 = .461); indicating that 53.9% of the variation in revenue collection could be caused by other factors not included in the study. The results for Migori County indicate that when ICT systems are utilized their contribution to revenue collection is statistically significant (P< 0.005); USBPR systems utilization causes 0.658 unit increase in revenue collection followed by USPRR system which has 0.378 unit increase contribution towards revenue collection. Without the utilization of ICT in Migori county Revenue collection will be negative at -0.054 units’ deficit. The results show that a strong and positive association exist between ICT systems utilized and the Revenue collection (R = 0.758a) and the application of ICT systems explains up to 57.5% variation in revenue collection efficiency ( R2 = .575); indicating that 42.5% of the variation in revenue collection could be caused by other factors not included in the study.

Keywords: Information And Communication Technology (ICT), Migori county Revenue.
Title: Influence of Information and Communication Technology on Revenue Collection in County Governments in Kenya: A Comparative Study of Migori and Homa Bay County Governments
Author: Mr.  Haningtone Ochieng Day Owino, Dr. Simeyo Otieno, Dr. Fredrick Selfano Odoyo
ISSN 2349-7807
International Journal of Recent Research in Commerce Economics and Management (IJRRCEM)
Paper Publications

Abstract: Micro enterprises together with small and medium enterprises provide employment and income to many people in Kenya. The main objective of the study was to establish the influence of external equity financing on growth of craft micro enterprises in Kenya. The target population for the study constituted all the 2334 craft micro enterprises. The sample frame constituted all the soapstone micro enterprises operating within Tabaka Town and all the woodcarving micro enterprises registered by Wote Town Council. The study used a sample of 330 craft micro enterprises drawn using stratified sampling technique. Data were gathered data using a semi-structured questionnaire after testing it for reliability and validity, and then analyzed by use of descriptive and inferential type of statistics. The ANOVA and multiple regression analysis were used to analyze the data. The findings of the study revealed that, external equity financing (p-value 0.000) has a significant influence on the growth of craft microenterprises. The study recommended that the government should sensitize and encourage the entrepreneurs on to use funds from friends and family members since these are cheap sources because they do not attract interests.

Abstract: Craft industry contributes greatly to the economy of a country for it provides income for not only micro enterprises but also small and medium enterprises. The main objective of the study was to determine the influence of debt financing on growth of craft micro enterprises in Kenya, to determine the influence of retained earnings on growth of craft micro enterprises in Kenya. The study covered the soapstone micro enterprises registered by Tabaka Town Council and the woodcarving micro enterprises registered by Wote Town Council. This study adopted descriptive research designs. The target population for the study constituted all the soapstone micro enterprises in Tabaka Town which are registered by Tabaka Town Council, Kisii County, and all the woodcarving micro enterprises of Wamunyu Location, Machakos County, which are registered by Wote Town Council. From this population of 2334 respondents, a sample of 330 respondents was divided proportionately between the two regions according to the proportion of their craft micro enterprises under study, using stratified random sampling. The study gathered data using a semi-structured questionnaire, and the data collected were analyzed by use of descriptive and inferential type of statistics using the Statistical Package for Social Science (SPSS) version 21.The results were then summarized in tables, charts and graphs. The findings of the study revealed that debt financing has a significant influence on the growth of craft microenterprises.

Abstract: An important lesson from the euro area sovereign debt crisis is that the need for sound economic policies does not end once a country has adopted the euro. There are no automatic mechanisms to ensure that the process of nominal convergence which occurs before adoption of the euro produces sustainable real convergence there after. The global financial crisis that started in 2008 has showed that some countries participating in Economic and Monetary Union (EMU) had severe weaknesses in their structural and institutional set-up. This has resulted in a large and protracted fall in real per capita income levels in these countries since 2008. While there has been real convergence in the European Union (EU) as a whole since 1999 owing to the catching up of central and eastern European (CEE) economies, there has been no process of real convergence among the 12 countries that adopted the euro in 1999 and 2001. This lack of convergence is related to several factors, notably weak institutions, structural rigidities, weak productivity growth and in sufficient policies to address asset price booms. Against this background, several factors appear crucial for ensuring real convergence in EMU: macroeconomic stability, and sound fiscal policy in particular; a high degree of flexibility in product and labor markets; favorable conditions for an efficient use of capital and labor in the economy, supporting total factor productivity (TFP) growth; economic integration within the euro area; and a more active use of national policy tools to prevent asset price and credit boom-bust cycles.

Abstract: Most of parastatal in Kenya face problems of efficiency in their inventory management systems. Despite this fact, limited scientific research has been undertaken to examine the factors that influence inventory management efficiency in Kenya Seeds Company. The main objective of the study was to assess factors affecting the effectiveness of inventory management practices in Kenya Seed Company. The study adopted a case study research design to produce detailed description in order to evaluate the phenomena. The target population was 110 management staff working at the Company’s procurement departments from which a sample size of 87 respondents was drawn. Questionnaires were used to collect data and descriptive statistics data analysis method applied to analyze data using Statistical Package for Social Sciences version 20.  Data analysis involved inferential statistics where regression analysis was used to establish the association between study variables at 95% confidence level, p-value ± 0.05. Staff training, level of technology, stock evaluation and procurement policies had a positive and significant association on the efficiency of inventory management at Kenya Seed Company. The results showed that most of the staff do not have necessary competency to run the procurement function, there is poor stock audit practices, outdated procurement systems and long bureaucratic procedures. The research finding is helpful to academicians, procurement officers and the Kenya seed company as a whole on the determinants of procurement performance.

Abstract: The retail industry of India has become one of the most dynamic industries in the global market with the entry of several new players. Moreover, it accounts for over ten per cent of India’s Gross Domestic Product (GDP) and contributes about eight per cent to the country’s employment, making it the world’s fifth-largest destination in retail space. This research focuses on investigating the relationship between employee behavior and consumer purchase intention and to assess the service quality of Reliance Fresh Stores in Delhi/NCR. The retail industry of India has become one of the most dynamic industries in the global market with the entry of several new players. Moreover, it accounts for over ten per cent of India’s Gross Domestic Product (GDP) and contributes about eight per cent to the country’s employment, making it the world’s fifth-largest destination in retail space.

Abstract: Service quality deals with the customer expectation and actual treatment. Better the service quality, higher will be the customer satisfaction. This can gain more and more customers and more loyal customers. The major advantage of loyal customers is that these customers will not leave because of any small reason or any minor fluctuations in company’s performance. This study is restricted to a single product domestic pump and will investigate the role of service quality in creating loyal customers.