An Analysis of Factors Determining the Choice of Credit Finance Sources Among Dairy Farmers in Nandi North District, Kenya.

AN ANALYSIS OF FACTORS DETERMINING THE CHOICE OF CREDIT FINANCE SOURCES AMONG DAIRY FARMERS IN NANDI NORTH DISTRICT, KENYA.

BY

KIRWA STEPHEN BITOK

BUS- 3-2084-1/2009

SUPERVISOR: MR. BERNARD BAIMWERA

A Research Proposal Submitted In Partial Fulfillment Of The Requirements For The Award Of Degree In Master Of Business Administration.

DEPARTMENT OF BUSINESS ADMINISTRATION

FACULTY OF BUSINESS & MANAGEMENT STUDIES

KENYA METHODIST UNIVERSITY

APRIL 2010

DECLARATION

This proposal is my original work and has not been presented in any other university or college for examination purposes. No part of this proposal may be reproduced without the permission of the author and or the university (KENYA METHODIST UNIVERSITY)

NAME: KIRWA STEPHEN BITOK

REG. NO: BUS-3-2084-1/2009

SIGN: ------------------------------ DATE: 13TH FEB 2010

DECLARATION BY SUPERVISOR

This proposal has been submitted as part fulfillment of the requirements for the award of a MASTERS IN BUSINESS ADMINISTRATION degree with my approval as the university supervisor.

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NAME SIGNATURE DATE

ACKNOWLEDGEMENT

I would like to thank God for sustaining me in the course of my studies and offering journey mercies in my numerous travels from Eldoret to Nairobi and back. I would like to thank my family for being there for me during this period. I thank my colleagues in Eldoret Polytechnic for their support and prayers. I also wish to thank my lecturers and classmates for enriching my academic life.

Mr. Bernard Baimwera, my supervisor, worked closely with me in developing this proposal for that I thank him.

ABSTRACT

This study will examine the factors determining the choice of credit finance sources among dairy farmers in Nandi North District. Like all sectors of the economy, the dairy industry recognizes the...