School of Business
Permanent URI for this collectionhttps://repository.kcau.ac.ke/handle/123456789/16
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Item Mortgage financing and the performance of affordable housing government projects in Nairobi county(KCA University, 2026) Karumba, Maryanne W.The study sought to establish mortgage financing in relation to the performance of affordable government housing projects in Nairobi County. The study aimed to determine how the cost of capital for the targeted group, limited access to capital, lending products tailored to the segment's borrowers, and borrowers’ profiles impact mortgage financing for government-affordable housing projects. The study adopted a descriptive research design where the purposive sampling method, focusing on a specific category of respondents and was employed to select 84 units of the population that was determined through the Cochran sample determinant formula. The population comprised Operation and Credit Managers from leading commercial banks in terms of assets and customer base, microfinance institutions, and Ministry of Lands and Housing officers. A structured questionnaire was employed to gather quantitative data, while quantitative data was collected using interview guides. Quantitative and qualitative data analysis methods were used and included descriptive & inferential methods and thematic analysis based on study objectives, respectively. The study established that there is a statistically significant relationship between mortgage financing factors (cost of capital, limited access to capital, lending products alignment to the segment, and borrowers' profile) and the performance of affordable housing government projects in Nairobi County. The study recommended that there is need for the government to pay insurance to the financial institution to ensure security for mortgage financing for low income earners who are considered high risk by the lenders, there is also need of considering targeted housing support services and public-private partnerships which is also essential for supplying the required funding; financial institutions should develop customized products like micro-mortgages and income-based repayment plans, use alternative credit scoring techniques that take non- traditional income sources, and align lending products to low-income earners' mortgage financing unique challenges. Finally, there is a need to encourage the low-income earners to pay their debts that they take from financial institutions in order to build a good credit history that will make it easier to access credit in the future from financial institutions.Item Effect Of Financing Strategies On Financial Performance Of Real Estate Firms In Kenya(Kca University, 2022) Karuntimi, Jacob K.With the ballooning state of real estate companies and entrance of new financing strategies in Kenya, it is vital to investigate the role of some of the newly adopted financing strategies. Besides, volatility of returns for real estate companies appears high with some collapsing in the last decade. This study examined the relationship between financing strategies and financial performance of real estate firms in Kenya. The financing strategies considered included: private equity, joint venture, mortgage and retained earnings. The study also examined the moderating effect of firm size on the relationship between financing strategies and financial performance. The study utilised secondary data that was drawn from a sample of fifty five real estate firms for a time span of six years from 2015 to 2020. In data analysis, panel estimation procedures were performed. Empirical results from the study show that financing strategies play a significant role on financial performance of real estate firms. Specifically, private equity, joint venture and mortgage finance had a positive but statistically insignificant influence on financial performance. Retained earnings positively and significantly influenced financial performance. Further, it was found that firm size had a moderating effect on the relationship between financial components and financial performance. The study recommends that real estate firms should use retained earnings to fund investments as this has highest positive benefits. Moreover, real estate companies should strategically enter into private equity, joint venture and mortgage agreements as this too can improve financial performance.