Imac Assignment Example | Topics and Well Written Essays - 500 words

Imac - Assignment Example The system was also not able to fully take the modules of programming that had used other similar Microsoft software packages. The failure of the highly expensive and hard to replace iMac to run Ronny’s software unfortunately effected his confidence level. Ronny’s computer skills were well known because he had created a very interesting geography puzzle for his classmates. He had also been working on the creation of a new video game in secret, which would be designed to increase the mental skills of younger people. He needed to run the program on the latest version of the computer so he could test his many creative ideas using multimedia and fix the mistakes if he found any. The failure of the iMac very much saddened and worried him. The many trips to repair shop also made him lose important time as he wanted to send his video game to the online contest set up by IBM. The creation of video games involves very advanced computers that can run hard computer programs using multimedia. The testing of software is an important part of software creation and a lucky run of each module lifts the confidence of the creator. The failure of iMac to fully accept the program modules that needed other similar Microsoft software turned out to be the biggest problem to Ronny’s wish to join the contest. iMac is supposed to be the most advanced computer that is able to perform huge numbers of tasks at high speeds. The weaknesses in the machine to run the important parts of Ronny’s programs majorly shook his confidence in Apple’s products. Ronny’s father was also not able to buy another computer for him because of the huge amount of money already spent on the first iMac. While iMacs are known for their power and skills, they are also known for their high prices. The father was very proud of his son and knew that an advanced computer like the iMac would make it easier for

Health Care Innovation Essay Example for Free

Health Care Innovation Essay Asthma is most common in children it begins at infancy and continues to adulthood. Approximate 40,000 Americans miss school or work. This is costing the United States economies about $56 billion a year. Research companies are coming up with 74 new medicines to treat or present asthma. By producing new medicines it will help reduce the cost of asthma. Asthmas are often described with symptoms of a cough which can be worse at night. Wheezing is a noise heard in the airways this is most common in children who live in urban areas. They may be exposed to the most dangerously cock roach antigens, dust mites or pet danger. The high risk for the children had more hospitalizations unscheduled medical visits. Patients can face multiple barriers to care such as lack of routine pediatrician visits and have no access to asthma specialty care. The benefits patient’s especially preschool children there are a Head Start program in Baltimore Maryland, where all the children in the program can receive services through a pediatric asthma clinic while also learning and educating themselves from asthma educators. The mobile clinic offers asthma examination and prescriptions along with parent education about the disease. The asthma educator does a home visit where he or she explains how the program works and how the parents can learn to communicate with the pediatrician another option would be to offer the family to accompany them to their physician’s office. Each year Breath mobile sends forms home with for parents interested in a visit. The parents fill out the form and have the child bring it back to school the next day. Next the assessment where each child gets a form and the screening comes back with presence symptomatic asthma. The staff reaches out to them to schedule a visit during school hours where both child and parent need to attend. A team of pediatric allergist or pulmonologist comes in with a NP, RN, where the examination takes place with each child. Their main focus is on medical history and testing the child’s lung function. Medications should be taken to prevent any flare up. Families receive asthma education and also to follow up with your primary care physician. Some of the new medicines they are trying out is a momocinioal antibody that inhibits eosinophils( a type of white blood cell) form accumulating in the lungs. Next, a new inhalation therapy that harnesses the body’s natural defense in the airway against asthma. Lastly, a medicine that blocks the pro-inflammatory effect of prostaglandin in allergic asthma. (innovations.org 2012) Another development is with 4 new medicines the first one is reducing eosiophil accumulation which means the white blood cells is important for killing parasites in the body, although it can occur in your lung tissues which will damage the lining of your air passage. Second, controlling pathogens is an inhalation therapy. Third alleviating allergy systems there is a protein called interieukin that plays a role in the symptoms of allergic asthma. The increased mucus may contribute to the airway obstruction. Another one is blocking inflammatory response where the prostaglandin and protein receptor crth2 of allergens will cause imflammorty cells to flare up. I think this asthma innovation will decrease health care spending. By offering more services such as these above more children will be able to breathe better. Their not many appointments scheduled or kept. Some of the children had no change in symptoms. When bringing a mobile clinic it did not change the access of care. Families should be more educated about asthma, and be able to have a community advocate. Let parents choose convenient times include other options for expanding interventions. Every child that suffers with asthma will benefit from this and the parents will be relieved such services existed. This will help them live a happy life and to control there breathing would be helpful also and be able to avoid asthma attacks. In addition the number of hospitals visits for pediatric asthma medical assistance has increased. This is measured by how many ambulatory visits, emergency department use. Since 2000 ambulatory visits are increasing due to disease severity and health care utilization. The youngest boys (0-4 years of age) used ambulatory care and hospital services more frequently than did girls of the same age, but different according to sex decreased to insigifant levels in the 11-17 year old age group. (hing, 2004) Path physiology of Asthma Airway inflammation continues to expand and may be an alliance of many cells types. Asthma can be difficult to diagnosis in infants and toddlers. Wheezing has been suggested as the most important symptom in identifying asthma in disease population studies. (Gergen 1998) With the variety of etiologies, asthma is characterized by heterogeneity. The improved phenotype was to classify the missing compounds of heritability. The term phenotype, as introduced by Johannes and Shull was intended to characterize different â€Å"types† of organisms distinguishable by their observable characteristics (eg, shape, structure, size and color.) New Innovations Along with new research and development of diagnostician wheeze indemnification. A deceiver called Pulmotrack and wheezeometer will help with young children who are unable to cooperate. This device was successful used in brochoprovocation testing in infants. The current asthma inhaler children are using cost effective and it is the safest scientific approach for asthma therapy. While you are at your physicians office the cost is determined by which drug of choice, availability and reimbursement options. The device the doctor chooses should be tailored to their age. With health care spending on this innovation will stay the same? Unless they are able to determine a better treatment for kids. I think parents and doctors should be educated about the risks and medication using. If they do need to change medications for any reason then go back to your physician and have them look it over. Every patient should have a written asthma plan which should include the following: regarding triggers, medications, and emergency contracts. This information should be reviewed at every visit. Intervention is the best out come for asthma patients, whether a school based clinic, doctor’s office, or a parent helps them out. Factors are still missing with regards to epidemiology, pathophysioogy environmental control these have yet to be resolved. Asthma is diagnosed in children from infancy to adulthood it can come from dust mites, air in the environment tobacco smoke. Researchers are studying new ways to treat asthma for patients. In developing new medicines to kill parasites by controlling pathogens while targeting interleukin and environmental allergens. With all this new technology and medicine coming into the future children will be able to have better control over there asthma systems and will not have to worry about it all their life. References Eakin MN, Rand CS, Biderback A, et.al. Asthma in Head Start Children. Effects of the Breathmobile Program and family communications on Asthma outcomes. Journal of Allergy and Clinical Immunology. Published online November 21, 2011. Retrieved from http://www.jacionline.org/article/s0091-6749(1)01622-8/abstract Gergen PJ, Mullay DI, Evans R III. National Survey of prevalence of asthma among children in the United States, 1976-1980. Pediatrics 1988; 81(1);1-7. Hing E, Cherry DK, Woodwell DA, National Ambulatory Medical care survey: 2004. Advance data from vital and health statistics; no 374. National center for health statistics; 2006. Innovation in Action: The Improving Asthma care for children programs. Retrieved from http://www.pediatricasthma.org/Medicaid_managed_care Innovation.org Asthma March 5, 2012. Retrieved from http://www.inovovatioin.org/index.cfm/futureofinnovation/newmedicineindevelopment/asthma.

Factors Affecting the Growth of Microfinance Institutions

Factors Affecting the Growth of Microfinance Institutions CHAPTER ONE INTRODUCTION 1.0 Introduction This chapter introduces the problem statement which the research proposes, the objectives that the research seeks to address, the questions that it seeks to answer and the scope of the research as well as the significance of the study. 1.1 Background of the Study There are many types of microfinance institutions depending on structure, function or philosophy. In many instances, the microfinance market is segmented according to the clients involved i.e. micro-enterprises, women, agriculturalists and so on. A main goal of many micro finance institutions is to provide sustainable micro finance facilities to the poor to facilitate income generation and reduce poverty (Baumann, 2001). The genesis of this is that the poor lack access to financial services, credit and savings facilities. The goal of microfinance institutions as development organizations is also to service the financial needs of unserved markets as means of meeting development objectives (Ledgerwood, 1999). The development objectives generally include reduction of poverty, empowerment of the poor and other disadvantaged groups, employment creation, development of new businesses and helping existing businesses to grow by diversifying their activities. In a world bank study of lending for small and micro enterprise projects, three objectives of microfinance institutions that were most frequently cited were, to create employment and income opportunities through the creation and expansion of micro enterprises, increase the productivity and incomes of vulnerable groups especially the poor and women, as well as reduce rural families dependence on drought prone crops through the diversification of their income generating activities (Webster et al, 1996). The microfinance revolution was introduced into the development economics arena slightly more than two decades ago. However, the widespread adoption of the microfinance model did not occur until the early 1990s. Since the mid 1990s, microfinance programmes and institutions have become an increasingly important component of strategies to promote micro-enterprise development in developing countries and specifically to reduce poverty (Colin, 2006). Microfinance was defined by the United Nation in 2005 as basic financial services, like credit, savings and insurance, which give people an opportunity to borrow, save, invest and protect their families against risk (UN, 2005). This definition was used in the context of microfinance and the Millennium Development Goals (MDGs). It was therefore observed that microfinance promotes not only credit, but also inculcates savings that accumulate assets for poor people. Besides the major attributes of microfinance, namely; credit and savings, the concept of joint or shared liability has been highlighted by other researchers. According to Harper (2003), the concept of microfinance originated in Bangladesh, around 1976 through the pioneering experiment by Dr Muhammad Yunus, who was then a Professor of Economics. The primary difference between microfinance and the conventional credit disbursal mechanism lies in the joint liability concept. Whereby a group of individuals get together to form an association of persons called Self Help Groups (SHG) of which all the members undergo a training programme on the basic loan procedures and borrowing requirements. Loans to individuals within the Self help groups are approved by the others members of the group, who are also jointly responsible for its repayment in case of default. The members of the self help group save regularly through monthly contributions to the groups fund. Formal microfinance lending has been in existence in Kenya since the 1950s through the Joint Loan Board Scheme developed by the colonial government (Hondo, 2001). After independence in 1963, the Kenyan government went on to provide subsidized rural credit programs as a development strategy. There are many organizations both informal and formal which also offer these financial services. The informal channels are characterized by lending family, friends and neighbours. Rotating savings and credit associations (ROSCAs) are also very common. They hold regular meetings and each member contributes a fixed amount and an agreed amount is given to one member at a time (CBS et al, 1999). Commercial banks traditionally lend to medium and large enterprises which are judged to be creditworthy and tend to avoid doing business with the poor and the micro enterprises because the associated costs and risks are considered to be relatively high. Microfinance institutions (MFIs) have therefore become the main source of funding for micro enterprises in Africa and in other developing regions (Anyanwu, 2004). Microfinance institutions have become an important contributor to the Kenyan economy. The sector contributes to the national objective of creating employment opportunities, training entrepreneurs, generating income and providing a source of livelihood for the majority of low income households by financing the businesses that they run. The government and its development partners have spent considerable amount of resources in crafting policies and programs to build the growth of micro finance institutions. However results to date have been largely unsatisfactory (Gichira, 1992). 1.2 PROBLEM STATEMENT Provision of microfinance services that can have a sustainable impact on clients well being and reduced vulnerability is not an easy endeavour, microfinance institutions face many risks that can adversely affect their long term growth, operational and financial sustainability (Jeyanth, 2003). With regard to sustainability and growth, a study conducted by Omondi (2005) revealed that few microfinance institutions had attained sustainability and growth and had sound financial cost control and good loan portfolios. A good number of microfinance institutions had not attained financial stability and growth and were relying on subsidies from donors. Growth in the microfinance industry may be characterized by an increase in the breadth and depth of outreach of existing microfinance institutions, heightened competition among microfinance service providers, diversification of product and service offerings, and the presence of private and commercial funds for microfinance activities. There is little information on a standard blueprint to show us how to achieve these characteristics and to ensure the growth of the microfinance industry. To a large extent, the growth should be market driven and is yet to be achieved (Amando, 2005). Tilman, (2006) highlighted that although microfinance activity has increased considerably in recent years, significant growth was lacking and microfinance institutions are still far from reaching a significant portion of the population that lacks access to formal financial services. Further, studies conducted in Kenya have shown that even though the microfinance sector has been growing over the past few years, majority of the individual institutions have not experienced much growth. Moreover much of growth of the microfinance institutions has been spontaneous (G.O.K 1997). It is therefore against this background that the aim of the study is to assess factors affecting the growth of micro-finance institutions in Kenya. 1.3 RESEARCH OBJECTIVE 1. To assess the factors affecting the growth of microfinance institutions in Kenya. 1.4 RESEARCH QUESTION This research seeks to answer the following question; 1. What are the factors affecting the growth of microfinance institutions in Kenya? 1.5 SIGNIFICANCE OF THE STUDY This study will benefit a number of groups among them managers of microfinance institutions who will use the study to gain an insight into factors that affect the growth of their businesses and how. This will in turn help them develop modalities to mitigate those factors that adversely affect the business and enhance those that promote growth of their microfinance institutions. The government too will benefit from this study. The government will use the findings of this study to craft appropriate policies that would promote the growth and stability of the microfinance institutions. Further the findings will help the Kenya governments development partners, NGOs, Donor communities and other stakeholders to effectively and efficiently target their assistance to the microfinance sector. Moreover, microfinance strategists, policy makers, aspiring microfinance researchers, university and college students pursuing a career in entrepreneurship or microfinance spheres will also benefit. 1.7 SCOPE OF THE STUDY Microfinance institutions have a wide coverage in both rural and urban areas of the country. This study focuses on microfinance institutions operating in Kenya. The study therefore covers the registered institutions. CHAPTER TWO LIERATURE REVIEW 2.1 Introduction This chapter presents a review of various literature materials related to the study. It extensively looks at the factors that affect the growth of microfinance institutions. This review also highlights past literature that relates to this study, summary of gaps to be filled by the study, previous research findings, various papers and government publications on the subject. 2.2 Growth in the microfinance industry Amando, (2005) observed that growth in the microfinance industry may be characterized by an increase in the breadth and depth of outreach of existing microfinance institutions, heightened competition among microfinance service providers, diversification of product and service offerings, and the presence of private and commercial funds for microfinance activities. Outreach and sustainability are two critical objectives for microfinance institutions (MFIs). As defined by Christen et al (1999), outreach is the ability to provide quality financial services to large numbers of people, especially the very poor. Outreach is also an indicator of the institutions social mission to scale up and provide services to as many people as possible. Sustainability, in contrast, requires operating at a level of profitability that allows sustained service delivery without dependence on subsidized inputs. This represents the institutions commercial strategy. For microfinance institutions growth is the process of balancing the objectives of outreach and sustainability; balancing the social mission and the commercial strategy. Despite the increase in number of MFIs in operation, their growth is constrained, especially in rural areas, because of their limited resource base and lack of institutional capacity to provide a wide range of financial services. MFI outreach is predominantly through group based programmes, which have limited absorptive capacity for financial resources. The focus of most microfinance institutions is lending to the informal economy MSEs (â€Å"Jua Kali) and often women who are conducting trade in small goods or providing services (Stevenson, 2007). Craig (1997) on the other hand observed that many microfinance institutions experience cycles of growth followed by periods of consolidation where they are forced to solve operational challenges such as decline in portfolio quality, client desertion, untrained and burned-out staff, and administrative challenges including loan processing and information systems. In addition, many smaller credit programs never experience growth because they lack the resources; technical and or financial and a commitment to the financial systems approach. In Tanzania, a survey of 136 small firms found that 63 per cent of them consider difficulties in accessing finance from larger financial institutions as the major constraint to their growth (Satta, 2003). Even though micro finance bodies are meant to serve those who have been left out of the formal banking system, there is a growing concern that many Kenyans still lack credit facilities. Statistics from Association of Microfinance Institutions (AMFI) indicate that over 60 percent of Kenyans lack access to formal banking services. This is because most micro-credit companies are concentrated in cities and towns. Most of the people who lack credit are in rural areas. The question now is how to facilitate growth of microfinance institutions to cover all areas (Tilman, 2006). 2.2.1 Constraints facing micro finance institutions. The microfinance sector in Kenya has faced a number of constraints that need to be addressed to enable them to improve outreach and sustainability and grow. The major impediment to the development of microfinance business in Kenya has been until recently poor legislation and set of regulations to guide the operations of the microfinance sub-sector. This has contributed to a large extent to the poor performance and eventual demise microfinance institutions because of a lack of appropriate regulatory oversight. This has also had a bearing on a number of other constraints faced by the industry, namely: wide diversity in institutional form, inadequate governance and management capacity, limited outreach, unhealthy competition, limited access to funds, unfavorable image and lack of performance standards, Poverty reduction strategy paper (PRSP 1999). Providing financial services to poor people is costly, in part, because they have small amounts of money, often live in urban slums and remote rural setups, and rarely have documented credit histories. During the past decade, microfinance institutions (MFIs) started addressing this problem by developing techniques that permit safe lending in the absence of borrowers credit history. Still, MFIs usually charge relatively high interest rates to cover the administrative costs of handling small transactions for dispersed populations (Gaulum, 2006). Mutua et al (1996) highlighted that a problem facing NGOs running microfinance institutions is the ability to balance traditional welfare objectives with the goals of maintaining sustainable credit programmes. This is because when credit policies are based on humanitarian rather than financial considerations, inefficiency and ineffectiveness can follow which hampers sustainability and growth of microfinance institutions. A study by Anyanwu (2004), on Microfinance institutions policy practice and potentials in Nigeria revealed that the sub sector in Africa faces a number of challenges which include the urgent access to medium to long term sustainable sources of funding. 2.2.2 Importance of the microfinance sector The first attribute that distinguishes microfinance institutions from others is what has come to be called its dual mission of balancing a social agenda or social impact with its financial objectives. Most microfinance institutions (MFIs) are institutions that combine a social development mission; provision of financial services to the lowest income population possible with a financial objective that drives the institution to achieve self sufficiency and thereby accomplish sustained service delivery without dependence on subsidies (Humphrey, 2006). The government appreciates the importance of microfinance institutions in the development of SMEs. In G.O.K (2005) policy paper the government sates lack of access to credit is a major constraint inhibiting the growth of the entrepreneurs. The same paper further states that the government recognizes that access to credit and financial services is key to the growth and development of any enterprise and more so the SMEs The government therefore has its own programmes and projects targeting the sector. Some of them are the Kenya Industrial Estates, the Joint Loan board both under the Ministry of Trade and Industry and the recently established Kshs. l billion youth fund under the Ministry of Youth Affairs in the office of the Vice President. According to an evaluation study on microfinance programmes in Kenya Supported through the Dutch co-financing programme, (Hospes 2002) concludes that the impact of the financial service provision by Kenya Women Finance Trust (KWFT) at the enterprise level is positive in many respects: Enterprise size and employment generation, both the quantitative and qualitative assessment show that the provision of loans by KWFT has helped women to keep them going even in the most difficult times, as well as contribute to providing continued employment to the women and their families, and to increase the number of employees in their business, either on temporary or permanent basis. It is now widely acknowledged that the MFIs, with their innovative program packaging, have enlarged the financial market, increased the volume of household financial savings and induced financial independence among rural families (Sajjad et al 1999). According to the Poverty Reduction Strategy Paper (PRSP) of 1999, a large number of Kenyans derive their livelihood from small and micro-enterprises. Therefore, development of this sector represents an important means of creating employment, promoting growth, and reducing poverty in the long term. However, in spite of the importance of this sector, experience shows that provision and delivery of credit and other financial services to the sector by formal credit institutions, such as microfinance institutions has been below expectation. This means that it is difficult for the poor to climb out of poverty due to lack of finance for their productive activities. Therefore, new, innovative and pro-poor modes of financing low income households and SMEs based on sound operating principles need to be developed. The United Nations acknowledges microfinance as a key instrument to achieving Millennium development Goals (MDGs), which seeks to reduce poverty by 2015. They include reducing child mortality by two thirds, eradicating extreme poverty and hunger, achieving universal primary education, promoting gender equality and empowering women, as well as combating HIV/AIDS, malaria and other diseases (UN, 2005). As microfinance institutions in Kenya continue to increase in numbers, their survival in the market economy will greatly be influenced by the impact their products and services have to their recipients. This will include; the empowerment of family, generation of income and improvement of welfare, the increase in business performance, training and business skills provided to clients, terms and conditions for loan repayment and servicing among others. Microfinance institutions are critical to Africas quest for solutions to the continents development challenge. The area of their greatest potential impact, rural Africa, is not only home to the bulk of the continents population, but also the vast majority of Africas poor. MFIs with examples from Zambia, Kenya, South Africa, Mali and Zimbabwe, establish a link between MFIs and both poverty eradication and the empowerment and equality of women, two of the major Millennium Development Goals (Kaoma, 2001). Anywanu, (2004) observes that microfinance institutions aim to improve the socio-economic conditions of women, especially those in the rural areas through the provision of loan assistance, skills acquisition, reproductive health care service, adult literacy and girl child education. They also aim to build community capacities for wealth creation among enterprising poor people and to promote sustainable livelihood by strengthening rural responsive banking methodology as well as eradicate poverty through the provision of microfinance and skill acquisition development for income generation. 2.2.3 Promotion of Microfinance institutions growth. As an enterprise grows, different needs arise to correspond with every stage of its development. The level of sophistication of knowledge, skill and attitude change, inputs will vary with this every stage. It should however reflect that the needs are demand driven because they can be correlated with the problems and opportunities that micro financiers face in managing the business (Murumbutsa, 1998). Oikocredit International, a social investor increasingly engaged in microfinance, expressed that channeling commercial capital to microfinance institutions is key in establishing the conditions for sustainability and for the scaling-up of microfinance institutions. Commercial capital pushes microfinance institutions to have more rigorous financial discipline and management (Amando, 2005). Microfinance institutions in Kenya need to adopt and subscribe to performance standards in their operations so as to measure and ensure growth. In the Philippines the Central Bank as a member of the National Credit Council worked very hard in finalizing a set of performance standards that can be used by microfinance institutions across the banking, non-governmental and cooperative sectors to facilitate assessment and evaluation of their performance. The standards go by the acronym P.E.S.O, which stands for Portfolio Quality, Efficiency, Sustainability and Outreach. MFI growth includes diversification, such as the introduction of new financial products, training needs to be designed to gradually provide staff with new skills, thus increasing their flexibility and productivity. Credit bureaus are useful in reducing risks in lending and in encouraging a more responsible attitude towards credit by borrowers which will ultimately lower delinquency and strengthen the credit and financial system. In addition, the presence of credit bureaus will foster lending to the previously neglected sector such as the micro, small and medium enterprises due to less reliance on collateral based credit decisions. The other necessary condition is the presence of a comprehensive credit information system. With more and more players engaged in microfinance, the problem of credit pollution and multiple borrowings is also increasing. The sharing and disseminating of credit related information will be able to address this problem (Kitabu, 2007). To be successful an organization should have special features over and above being new and small in an industry. If any developments have to take place among microfinance institutions then the rate of their growth would depend on accumulation of physical and human capital. This however would require an effective allocation of resources and ability to acquire and apply modern technology (Biggs et al, 1996) Growth of the microfinance sector however, is very much dependent on a host of factors among them, the policy and regulatory environment, which consists of broad, high level policies that affect the economic and regulatory conditions in which micro finance institutions have to operate. Such are macro-policies for the stabilization and growth of the economy. Other factors include provision of technological capabilities and skills upgrading, competition. These factors promote higher business productivity and growth through improved techniques, and the related introduction of better quality products and services that yield the institutions high added value and larger markets. The provision of financial services, technology upgrading, complements the beneficial effects of a truly enabling policy environment (Ronge, et al, 2002) The government is struggling to thrust the country into a state of economic recovery by integrating the microfinance sector into the national economic grid, by seriously looking at the potential of the microfinance institutions sectors for driving SMEs, creating employment and economic growth, further the Kenya government has taken major steps in the development of this sector by passing a regulatory framework in the form of the micro-finance bill which will enable their registration and regulation of micro finance institutions (Munguti, 2005). For a growing business to continue growing, it has to be a learning organization that monitors the market and scans the horizon looking for clues or trends. It needs to be proactive by regularly analyzing how it can do better. There may be a tendency in mature MFIs to assume that, because their current financial products are so successful, they should continue to operate the way they are and just increase the scale of their operations. Successful firms are constantly innovating and upgrading, and they spend a significant percentage of their budget on research and development. Donor organizations should consider how their resources may fund the imagination of microfinance institutions to enhance their growth (Tomasko, 1996). Businesses need to have an effective management information system in place prior to an explosive growth phase to enable it to manage growth. Most emerging firms get into trouble because the management team either does not have the information it needs to make the right decisions or chooses to ignore the information that is available. For microfinance, information is even more important than in most businesses. It is the lifeblood of an MFI. Microfinance relies an information based lending technology, as opposed to commercial banks that use a collateral-based approach. Microfinance information must focus on financial as well as non-financial indicators, such as productivity, efficiency, average loan size, and client retention. The management information system should provide information about factors and forces that need to be monitored closely as well as insights into what should be changed. This early warning system can scan the horizon for trends, and identify threats and opportun ities (Craig, 1997). 2.3 Summary and Gap From literature reviewed the information available indicates that the number of micro finance institutions in Kenya is gradually increasing and dominant market players are growing, most microfinance institutions however register slow growth and further the reasons for this with respect to Kenya are not conclusive. Despite their success so far microfinance institutions only reach a fraction of the estimated underlying demand. There is huge latent demand for micro-credit around the country. Even though micro-finance bodies are meant to serve those who have been left out of the formal banking system, there is a growing concern that many Kenyans still lack credit facilities. This is because despite the growing number of microfinance institutions in Kenya, their outreach is constrained especially in rural areas, the study therefore seeks to establish the factors affecting their growth. Most studies have focused on the small and micro enterprises growth to show how successful they have been after receiving micro-credit, few have tried to analyze the factors affecting the growth of microfinance institutions themselves. Although microfinance activity has grown considerably in recent years, it is still far from reaching a significant portion of the population that lacks access to formal financial services. Microfinance institutions despite their success over the past few years, have only grown to reach a fraction of the estimated underlying demand, extensive study is yet to be done on factors affecting their growth. RESEARCH METHODOLOGY 3.0 Introduction This chapter discusses the research method that was applied in carrying out the study. It covers the following areas; Research design, target population, sampling design, data collection procedure and data analysis. 3.1 Research Design This study adapted a descriptive research design. The research aimed to collect data on the factors affecting the growth of microfinance institutions in Kenya. Descriptive research design is used when data collected describes persons, organizations, settings or phenomena. This approach was appropriate because the data collected mainly involved descriptions of the variables in the study. This descriptive research design enabled the research capture quantitative data to provide in depth information about the factors affecting the growth of microfinance institutions in Kenya. 3.2 Target Population The target population in this research were microfinance institutions registered and operating in Kenya. There are 56 registered microfinance institutions, this was the group of interest. Questionnaires were administered to finance managers of these microfinance institutions. 3.3 Sample Design The census method was used in this study. In this method of study, all registered microfinance institutions were surveyed. For the purposes of this study all 56 registered microfinance institutions. 3.4 Data collection methods Data was collected from microfinance institutions using structured questionnaire. Primary data was collected by use of questionnaire method in this study. Primary data are those which are collected fresh and for the first time and thus happen to be original in character (Kothari, 2004). In this study, the research made use of a questionnaire to solicit ideas related to the research problem from respondents. The questions sought to address the research objective and question related to the study. A drop and pick method was used in administration of the questionnaire. 3.5 Data Analysis and Presentation The results obtained from data collected were summarized under common themes and presented in form of frequency tables, percentages and pie charts. According to Cochran (1989) results from research findings are often presented in these forms. Data was analyzed by frequency distribution and percentages to show the frequency of institutions citing common factors and the percentage of them identifying similar factors affecting their growth. Written explanations are provided to interpret data, to draw conclusions and make recommendations. The purpose was to measure and provide information on factors affecting the growth of microfinance institutions. CHAPTER FOUR DATA ANALYSIS AND PRESENTATION OF RESULTS 4.1 Introduction This chapter deals with the results and findings of the study. It presents and descriptively analyzes the data gathered from respondents and summarizes the major findings from the respondents. These responses were analyzed using excel computer package and the results summarized in form of tables, bar graphs and pie charts as appropriate. 4.2 Results and Data Analysis The primary objective of the study was to assess the factors affecting the growth of microfinance institutions in Kenya. A census was undertaken where all 56 registered microfinance institutions were presented with questionnaires, 34 of the 56 respondents returning their duly filled up questionnaires. This represented a 60.7% response rate which was deemed sufficient for derivations of conclusions covering the entire population under the study. 4.3 General Findings. 4.3.1 Years of operation On the number of years that the organizations have been in operation, the results showed that majority (55.9%) were between 10 and 15 years old since they started operating. 14.7% of the organizations were the oldest being over 15 years old, while 11.8% of the population being the youngest having being in operation for less than 5 years. The remaining 17.6% of the respondent organizations were between 5 and 10 years. 4.3.2 Customer segments. In response to the question regarding to which customer segments the organizations provide microfinance facilities to, 5.9% said they provide services to women, 11.8% indicated micro enterprises, 79.4% provide services to all segments, while 2.9% said the cater for agriculturalists. 4.3.3 Client base From this study it was established that 50% of the organizations that responded had a client base of over 10,000 clients. 32.4% of the microfinance institutions had between 5,000 and 10,000 clients and 17.6% of the respondents indicated having a client base of less than 5,000 customers. 4.3.4

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The task of defining what a religion is, is certainly not an easy task. For countless millennia mankind has worshipped a pantheon of deities whether that is the Sun as seen within ancient Aztec culture or whether that is the God of the Hebrews. Therefore a definition of what is Religion must be accessible and far encompassing as it seems it must address a myriad of beliefs which differ in scope. The three definitions I have chosen in order to analyse focus primarily on the nature of the Belief within a religion. For example Marx saw Religion as a means of enslavement in order to maintain the status quo through the impartiality of an ideology which maintained absolute equilibrium leading to stagnation and thus a lack of change. Thus the belief in a religion is simply the reaction of the oppressed to offer them a shade of comfort in a â€Å"heartless world.† Tylor focused upon the notion of belief as defining religion, in that Religion itself is formulated by primitive man expla ining what he did not understand by giving all things Anima`s to explain what they could not understand. He claims belief in spiritual beings to be Animism and that mankind has carried the resultant ignorance. Feuerbach`s definition is certainly thought-provoking as his definition of God being a construct of Man, rather than traditional vice versa. Feuerbach as with Tylor and Marx, focus on the nature of belief within religion, I have chosen this as I would prefer to focus upon the belief of religion, rather than the practice due in part to Freud’s insistence the practice of religion is a neurosis which has spread through the generations, and also as I would prefer to be able to make comparisons between the three definitions with the nature of belief being a funda... ... primitive man could not understand, and as such are of the result of the ignorance of early society. Tylor therefore argues that the idea of a belief in a God or Gods is the result of the â€Å"survival† Religion surviving, Tylor claims that Religious survival is due to some being guilty of limiting and relying on an outdated custom whilst science can explain away such phenomena away. This explanation is difficult to categorise, as it is certainly a sociological explanation, as well being anthropological and psychological. Studies analysed by Keleman have identified that children seem to identify some objects in a similar method of Tylor`s animism in that things are given morality – positive or negative based on the likelihood of causing harm to the child. This could be evidence supporting Tylor`s argument that through knowledge such things become more than good or bad.

Argumentative Essay-Underage Drinking

Jane Doe Ms. Smith English 11 17 October 2011 Underage Drinking and You According to Answers. com, an average of twelve thousand nine hundred eighty two people die a year from underage drinking; many of them being car accidents. With so many people underage drinking, I feel that the law should be heavily enforced that underage drinking is NOT okay. There should be no underage drinking, whatsoever, under the legal age of twenty one. Underage drinking is very hard on the human’s brain development. The front part of your brain, the decision maker, is not fully developed until you are an adult. Drinking before that age can impact your brains healthy development. Many people may not know how to handle drinking, and the amount that their body is consuming. Some people may argue that alcohol makes them â€Å"feel good. † These people obviously have no concept of life, because if you do other things you enjoy such as; sports, clubs, movies, hang out with friends, etc. You could find many other activities that can make you feel good. Underage drinking cause’s people to make bad decisions, such as; driving while intoxicated, becoming pregnant, and making a complete fool of themselves while intoxicated, are just be a few instances that can and will impact your life forever. Some individuals don’t understand what alcohol really does to the body. Beer has empty calories that will make you gain weight. Which is why a lot of alcoholics have larger stomachs, or another term many people use for these large stomachs is, â€Å"beer belly. Some people may say that alcohol helps you escape your problems and is a stress relevant. Alcohol will not only bring more stress onto your life, it will also bring more problems. As much as people may feel alcohol helps, it really won’t help. If you need help that bad, I would suggest a therapist to help you with your problems, not a depressant. So that doesn’t make a whole lot of sense. The last statement to be made about underage drinking is the fact that i t will start to make you feel completely careless. Your grades in school, and in life for that matter, will drop. School is a huge part of our everyday life. It is the main component to a happy future, because without your education you will not be successful in life. Most teens will argue that their brains are already developed and that â€Å"everyone is doing it†. In reality, your brain is actually not fully developed as told above. And everyone is not doing it, if everyone did it, everyone would be bums. The individuals, who are strong believers in not drinking alcohol while under the age, are very successful in life. But not all people will follow in their footsteps. There are many reasons to back up the fact that underage drinking should be heavily enforced. Remember how hard alcohol is on the brain, your bodily development, and the struggles it will make you go through in life. Alcohol is not the answer to any of our problems. Take a stand in your life and make the right decisions. What will you decide is the right choice for you?

Native American Astronomy Essays - Meteor Showers, Leonids

Native American Astronomy Essays - Meteor Showers, Leonids Native American Astronomy For many years astronomers and people alike have constantly heard about the observations and records of the Chinese and Europeans. No other culture can provide as much information as that gathered by the Chinese and Europeans, but there are many other cultures that observed and recorded the night sky, one of those being the Native Americans. During the last fifteen to twenty years archaeoastronomers have uncovered much concerning the beliefs and records of Native Americans. Unfortunately, the methods of keeping records of astronomical events were not as straight forward as the Chinese and Europeans. The Native Americans had to use what they could to record what they observed. Their records were found on rock and cave drawings, stick notching, beadwork, pictures on animal skins and story telling. One of the few dateable events among the various records of Native Americans was the 1833 appearance of the Leonid meteor shower. The most obvious accounts of the Leonid storm appear among the various bands of the Sioux of the North American plains. The Sioux kept records called winter counts, which were a chronological pictographic account of each year painted on animal skin. In 1984 Von Del Chamberlain listed the astronomical references for 50 Sioux, forty five out of fifty referred to an intense meteor shower during 1833/1834. He also listed nineteen winter counts kept by other plains Indian tribes, fourteen of which referred to the Leonid storm. The Leonids also appear among the Maricopa, who used calendar sticks with notches to represent the passage of a year, with the owner of the stick remembering the events. The owner of one stick claimed records had been kept that way since the stars fell. The first notch on the stick represented 1833. A member of the Papago, named Kutox, was born around 1847 or 1848. He claimed that 14 years prior to his birth the stars rained all over the sky. A less obvious Leonid reference was found in a journal kept by Alexander M. Stephen, which detailed his visit with the Hopi Indians and mentions a talk he had With Old Djasjini on December 11, 1892. That Hopi Indian said, How old am I? Fifty, maybe a hundred years, I cannot tell. When I was a young boy eight or ten years there was a great comet in the sky and at night all the above was full of shooting stars. (Stephen 37). During the lifetime of Old Djasini there was never a great comet and a sky full of meteors in the same year, but he might be referring to the comet in 1843 and the Leonid storm in 1833. The Pawnee have a story about a person named Pahokatawa, who was killed by an enemy and eaten by animals, and then brought back to life by the Gods. The legend goes that he fell to earth as a meteor and told the people that when meteors were seen falling in great numbers it was not a sign that the world would end. When the pawnee tribe witnessed the time the stars fell upon the earth, which was in 1833, there was a panic, but the leader said, remember the words of Pahokatawa and the people were no longer afraid. This shows how powerful a role astronomy played in the Native American culture. Although the Pawnee learned not to be afraid there were Native Americans who feared meteors. The Blackfeet of Montana believed a meteor was a sign that sickness would come to the tribe in the winter the Kawaiisu thought a meteor started high and fell to the horizon was an omen of death. The Cahuilla thought a meteor was the spirit of their first shaman, takwich, who was disliked his people. Takwich wandered the sky at night looking for people far from their tribe. If he found a lost person he steal their spirit and the person home and eat them. The Shawnee believed meteors were beings fleeing from the wrath of some adversary, or from some anticipated danger.(Howard 178) Many Native Americans saw the stars as heavenly and mystical. The Wintu explained meteors as the spirits of shamans traveling to the after life. The Chumash referred to meteors as a shooting star.