Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya
Anne Murathi,
John Okello Weda
Issue:
Volume 3, Issue 2, March 2015
Pages:
19-27
Received:
16 February 2015
Accepted:
9 March 2015
Published:
14 March 2015
Abstract: YEDF continues to lend more money through C-YES component that is meant to be a revolving fund and if the trend continues there may be no more money to lend in the near future. However, factors affecting its repayment have not been studied adequately. The purpose of this research was to find out factors affecting the repayment of Constituency Youth Enterprise Scheme (C-YES) in Kirinyaga Central District. The study was guided by three objectives; to investigate the relationship between availability of resources on repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District, to determine how time taken between application and receiving of funds affect the repayment of constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District and to determine how amount of loan given affect the repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District. The researcher used descriptive survey. The study employed both stratified random sampling and simple random sampling. Data was collected using closed and open-ended questionnaires. These questionnaires were administered by the researcher. The data was then analyzed by use of frequency distribution tables and pie charts. The study revealed that Constituency Youth Enterprise Scheme (C-YES) is faced with numerous challenges in its attempt to empower the youths and sustain itself in repayment. Inadequate funding was cited as a factor contributing to any economic activity not to realize its full potential and this negatively affects it.
Abstract: YEDF continues to lend more money through C-YES component that is meant to be a revolving fund and if the trend continues there may be no more money to lend in the near future. However, factors affecting its repayment have not been studied adequately. The purpose of this research was to find out factors affecting the repayment of Constituency Youth...
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Effects of National Macroeconomic Variables and Political Condition on Dhaka Stock Exchange
Md. Nazmus Sakib,
Mohammad Zubair Hossain
Issue:
Volume 3, Issue 2, March 2015
Pages:
28-34
Received:
7 March 2015
Accepted:
19 March 2015
Published:
24 March 2015
Abstract: National macroeconomic variables which are determined by economic policies taken by the authority and aggregated economic activities of individuals, has definitive infuence on a country’s stock market. Prime share market of Bangladesh, Dhaka Stock Exchange is also shaped by local macroeconomic situation. Additionally, country’s political condition might affect the market as well because as a developing economy our market face significant political instability. It is observed that the mean point value of the DSE general index was slightly lower for observations when the country goes through political instability than for observations when the political situation was stable. However, this difference was not statistically significant. Our investors seem to be quite indifferent to the country’s political condition and do not turn their back to the market just because the country was observing political unrest. Correlation analysis reveals that all the macroeconomic variables are moderately correlated with DGEN while money supply, remittance and IRS are significantly correlated. Money supply, remittance, inflation rate and exchange rate are positively related with the general index when interest rate spread and political unrest shows negative relationship. This relationship is justifiable by the economic fundamentals. Both money supply and remittance inject cash into the economy, which is supposed to be distributed in all sectors, and thus the stock market would naturally grow. Higher IRS means the banks and other financial institutions are better off by just lending money and would be less interested in investing in the capital markets. Two economic models (linear & binomial) are derived to explain this relationship and estimate the DGEN using the macroeconomic variables. Among the two derived models, the binomial one estimate the general index way better than the linear model (in terms of regression R-square) and is able to explain more than 80% of the fluctuations in Dhaka Stock Exchange where the linear model explains only 25% of the fluctuations. Additionally, another correlation analysis, which is carried out after dropping 5 observations when the market observed unusual ups & downs, shows stronger relationships for all variables. Both estimation models explain more of the fluctuations when derived from the engineered dataset. It can be assumed that external force(s) manipulated the market during that time. However, our study cannot draw any definitive conclusion regarding those 5 months of massive fluctuations because there is always a chance that this happened due randomness which is inherited by the stock market like any other system.
Abstract: National macroeconomic variables which are determined by economic policies taken by the authority and aggregated economic activities of individuals, has definitive infuence on a country’s stock market. Prime share market of Bangladesh, Dhaka Stock Exchange is also shaped by local macroeconomic situation. Additionally, country’s political condition ...
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