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Training and Microfinance: Skilling Women for Poverty Alleviation in Bunyala Sub-County in Kenya
Training in microfinance remains an important factor in skilling woman for poverty alleviation all over the world. This is so because training helps microfinance institutions to provide necessary needed skills to its clients before it gives them financial assistance. Therefore, the purpose of this study was to investigate the contribution of training in microfinance (KWFT) and how its skills women in order for them to alleviate poverty in Bunyala Sub-County. The study adopted descriptive survey design because it describes the state of affairs as it exists at present. The targeted population in the study was 50 women members of micro finance institution as well as 50 Staff members from micro financial institutions (KWFT) operating in Bunyala Sub-County, the 98 responded representing 98% response rate of the data from questioners was analysed by statistical package for social science (SPSS version 20), descriptive and inferential statistic were also used to establish relationship between the variable. Results indicated that training was positively and significantly correlated to poverty alleviation. (p=0.002<0.05). The study recommendations were; Microfinance staff should scale up their training programs throughout Bunyala Sub-County to all key stakeholders / clients so as to cater for those who have not been taking part. Secondly the study recommends that there should be more awareness on the relevance of training in micro-finance for skills acquisition among the clients. Furthermore, after training clients, microfinance institutions are encouraged to provide them with micro-credit as start-up capital to help them start small business
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