Effect of Financial Innovation on Profitability of Deposittaking Microfinance Institutions in Kenya

Abstract

The purpose of the study was to determine the effect of financial innovation on profitability of Deposit-Taking Microfinance Institutions in Kenya. Data was collected from 9 Deposit taking microfinance’s in Kenya. The data analysis techniques included descriptive statistics. Study results indicated that financial innovation indeed contributes to and is positively correlated to profitability in the financial sector.