LOANS BORROWING AND SOCIAL WELLBEING OF ADMINISTRATION POLICE SERVICE OFFICERS IN EMBAKASI SUB COUNTY, NAIROBI CITY COUNTY, KENYA
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Keywords:
Administration Police Service, loans borrowing, social wellbeingAbstract
Purpose: The purpose of the study was to determine the effects of loans borrowing on Social Well-being of Administration Police Service Officers in Embakasi Sub-County, in Nairobi County, Kenya.
Methodology: The researcher employed a descriptive research design. The research was carried out at Embakasi Sub County which has 11 Administration Police posts, with a total of 175 Officers. A sample size of 65 Officers was selected using stratified sampling technique. This sample made 37% of the target population. Questionnaires and Interviews were used to collect data. The quantitative data was analysed using descriptive statistics like the mean, mode and standard deviation.Findings: The findings revealed that loan borrowing is indeed good for the Administration Police Service Officers, since it has enabled them do great things, including, buying premises, constructing houses, buying vehicles, both commercial and personal and even starting a business. However, besides the loans being a noble idea, it has to some extent been because of the way it has been utilized, resulted in break-ups of families, some officers have lost their jobs and it has had a negative impact on social integration between officers themselves and even with the community at large.
Unique contribution to theory, practice and policy: The study recommends that: Government should increase the loans extended to Administration Police Service Officers to rational level in order to improve their wellbeing and enhance service delivery in the service; encouragement of police officers to take SACCO loans in order to improve their wellbeing; Microfinance institutions should give loans to administration police officers in order to improve their social wellbeing; Administration police service officers should borrow loans and use them for the right purpose in order to improve their social wellbeing.
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References
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De Haas, R., Ferreira, D. & Taci, A. (2010). What determines the composition of banks, loan portfolios? Evidence from transition countries. Journal of Finance & Banking, 3(4), 388-398.
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Louzis, P. D., Vouldis, A. T., & Metaxas, L. V. (2010). Macroeconomic and bank specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios (Working paper No. 118). Bank of Greece.
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Mankiw, N. G., Romer, D. & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics, 107(2), 407-437.
Obamuyi, T. M., Edun, A. T. & Kayode, O. F. (2010). Bank lending, economic growth and the performance of the manufacturing sector in Nigeria. European Scientific Journal, 8(3), 19-36.
Ondieki, D. N. & Jagongo, A. (2013). Effects of lowering central bank rate on bank’s prime rate: an analysis of Kenyan commercial banks. International Journal of Humanities and Social Science, 3(20), 207-214.
Romer, D. (2011). The Solow Growth Model Advanced Macroeconomics (4th ed.). New York: McGraw-Hill.
Schultz, P. T. (1989). Returns to Women’s Education (1st ed., Vol. 89, PHRWD background paper). Washington, D.C., United States: The World Bank, Population, Health, and Nutrition.
Aliero, H. M., Abdullahi, Y. Z. & Adamu, N. (2013). Private sector credit and economic growth nexus in Nigeria: an autoregressive distributed lag bound approach. Mediterranean Journal of Social Sciences, 4 (1), 83-90.
Riley, S. (2009). The Community Advantage Program Database: Overview and Comparison with the Current Population. Cityscape 11(3), 247-255.
Servet J.M. & Saiag H. (2013). Household over-indebtedness in contemporary societies: a macro-perspective, in Guérin, I., Morvant-Roux, S. & Villarreal, M. (eds.), Microfinance, debt and over-indebtedness: Juggling with money, Routledge, pp. 45-66.
Sang, R.K. (2011). The effect of change in capital structure on the financial performance of SACCOs in Nairobi (Unpublished MBA Project). University of Nairobi, Kenya.
Magali, J (2013). The Impacts of Credits Risk Management on Profitability of Rural Savings and Credits Cooperative Societies (SACCOS): The Case Study of Tanzania. International Journal of Management Sciences and Business Research, 2(12), 2901-12.
Mwakabumbe, C. (2013). Effect of capital structure on performance of microfinance institutions. A survey of MFIs in Shinyanga Municipal Council (unpublished master’s thesis). University of Mazumbe, Tanzania.
Aurang, Z. (2012). Contributions of banking sector in economic growth: A case of Pakistan. Economics and Finance Review, 2(6), 34–54.
Barro, R. J. & Lee, J. W. (1993). International Comparisons of Educational Attainment. Journal of Monetary Economics, 3(2), 383–394.
Basel Committee on Banking Supervision. (2012). The policy implications of transmission channels between the financial system and the real economy (Working paper No. 20). Basel, Switzerland: Bank for International Settlements Communications.
Bassett, W. F., Chosak, B. M., & Driscoll, C. J. (2010). Identifying the Macroeconomic Effects of Bank Lending Supply Shocks. USA: Division of Monetary Affairs, Federal Reserve Board.
Becker, G. S. & Barro, R. J. (1988). A Reformulation of the Economic Theory of Fertility. Quarterly Journal of Economics, 103 (1), 11–25.
Boyd, H. J., & Champ, W. C. (2006). Inflation, banking, and economic growth. USA: Federal Reserve Bank of Cleveland.
Cobb, C. W. & Douglas, P. H. (1928). A Theory of Production. The American Economic Review, 18(1), 139-165.
Cracknell D. (2012). Policy innovations to improve access to financial services in developing countries: Learning from case studies in Kenya. Nairobi: Centre for Global Development.
De Haas, R., Ferreira, D. & Taci, A. (2010). What determines the composition of banks, loan portfolios? Evidence from transition countries. Journal of Finance & Banking, 3(4), 388-398.
DeLong, J. B. & Summers, L. H. (1991). Equipment Investment and Economic Growth. Quarterly Journal of Economics, 106 (2), 445-502.
Department for Business, Innovation and Skills (2011). Sources of economic growth (Rep.). London, UK: DFID.
Dhikhary, K. B. (2006). Nonperforming loans in the banking sector of Bangladesh: Realities and challenges. Bangladesh: Bangladesh Institute of Bank Management.
Fadzlan S. & Suarddy, P. (2009). Specialization and other determinants of non-commercial bank financial institutions' profitability: Empirical evidence from Malaysia. Studies in Economics and Finance, 26(2), 113 - 128.
Fukuda, S. (2001). The Impacts of Bank Loans on Economic Development. Chicago, USA: University of B Chicago Press.
Ghani, E. & Suri, V. (1999). Productivity Growth, Capital Accumulation, and the Banking Sector: Some Lessons from Malaysia. Washington DC: The World Bank.
Gobat J. (2-12). What is a bank? Finance & Development (March ed., Human Development, Rep.). New York: United Nations.
II, J. (2013). “Kenya’s Administration Police Service”, Policing: An International Journal, Vol.36 No. 4.
Jacoby, N. H. & Saulnier, R. J. (1942). Term lending to business. USA: National Bureau of Economic Research.
Johansen, S. & Juselius, K. (1990). Maximum likelihood estimation and inference on cointegration-With applications to the demand for money. Oxford Bulletin of Economics and Statistics, 52(2), 169-210.
Kamaan, C. K. & Nyamongo, E. M. (2014). The Effect of Monetary Policy on Economic Growth in Kenya. International Journal of Business and Commerce, 3(8),11-24.
Kelly R., McQuinn K., & Stuart R. (2013). Exploring the steady-state relationship between credit and GDP for a small open economy: The case of Ireland (Working paper No. 1531). Dublin: European Central Bank.
Kuznets, S. (1955). Toward a Theory of Economic Growth, National Policy for Economic Welfare at Home and Abroad, in R. Lekachman (Ed.), Banking (2nd ed), California, USA: Holt.
Louzis, P. D., Vouldis, A. T., & Metaxas, L. V. (2010). Macroeconomic and bank specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios (Working paper No. 118). Bank of Greece.
Maana, I., Owino, R. and Mutai, N. (2008). Domestic debt and its impact on the economy: the case of Kenya. In: 13th Annual African Econometric Society Conference. Pretoria, South Africa.
Mankiw, N. G., Romer, D. & Weil, D. N. (1992). A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics, 107(2), 407-437.
Obamuyi, T. M., Edun, A. T. & Kayode, O. F. (2010). Bank lending, economic growth and the performance of the manufacturing sector in Nigeria. European Scientific Journal, 8(3), 19-36.
Ondieki, D. N. & Jagongo, A. (2013). Effects of lowering central bank rate on bank’s prime rate: an analysis of Kenyan commercial banks. International Journal of Humanities and Social Science, 3(20), 207-214.
Romer, D. (2011). The Solow Growth Model Advanced Macroeconomics (4th ed.). New York: McGraw-Hill.
Schultz, P. T. (1989). Returns to Women’s Education (1st ed., Vol. 89, PHRWD background paper). Washington, D.C., United States: The World Bank, Population, Health, and Nutrition.
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Published
2020-01-10
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Anzetse, H. M., & Wambua, D. P. P. (2020). LOANS BORROWING AND SOCIAL WELLBEING OF ADMINISTRATION POLICE SERVICE OFFICERS IN EMBAKASI SUB COUNTY, NAIROBI CITY COUNTY, KENYA. Journal of Public Policy and Administration, 5(1), 15 – 34. Retrieved from https://www.iprjb.org/journals/index.php/JPPA/article/view/1026
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