Utilization of data management and performance of microfinance institutions funding entrepreneurial projects Kisumu County, Kenya

Abstract

Data management is the development and execution of architecture, policies, practices and procedures in order to manage the information lifecycle needs of microfinance institutions funding entrepreneurial projects in an effective manner. The aim of the study was to provide evidence on processes relative to respective targets and outcomes. Descriptive survey research design was adopted and pragmatism paradigm. All the ten Central bank licensed microfinance institutions funding entrepreneurial projects in Kisumu County Kenya, were targeted. A total of 354 respondents derived from managers, Heads of departments and entrepreneurs of microfinance institutions were selected for the study. Quantitative and qualitative data was collected using questionnaires and interview guide after pilot testing of the instruments. Data was analyzed using descriptive statistics to describe the indicators of data management and use and their influence on performance of microfinance institutions in Kisumu County. The study found a strong positive relationship (R = .643; p = 0.000<0.05) and concluded that there exists a significant relationship between Data management and performance of Microfinance Institutions.