The study sought to establish the effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda. The researcher used theory of financial controls. Research Design, Population, Sampling Frame and Size, and Data Processing and analysis were used during the study. The study shows a positive significant regression coefficient. This means that a unit change in Financial Controls brings about change in Financial Stability in the Micro Finance Institutions in Rwanda. The study thus rejects the null hypothesis conclude that there is significant relationship between Financial Controls and Financial Stability in the Micro Finance Institutions in Rwanda. Data analysis was descriptive statistics and inferential statistics using Statistical Packages for Social Sciences (SPSS) version 24. The analysis of variance (ANOVA) was checked to reveal the overall model of significance. The study recommends prudent policy measures on Financial Controls especially Asset management, financial system controls and Capital adequacy. Management recommends that quarterly reports are produced on time and ensure that external investors are able to monitor liquidity management and detect liquidity and credit risks exposed to their investments early enough. Government recommends that since all financial services players under MFI adhere to frequent reporting for better increase of financial management and efficient investment decisions.
| Published in | Journal of Finance and Accounting (Volume 8, Issue 6) |
| DOI | 10.11648/j.jfa.20200806.15 |
| Page(s) | 288-294 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Financial Control, Financial Stability, Micro Finance Institution
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APA Style
Wilson Bashaija, Pascal Nyiringango, Mukulira Oliva, Jacob Niyoyita Mahina. (2020). Effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda. Journal of Finance and Accounting, 8(6), 288-294. https://doi.org/10.11648/j.jfa.20200806.15
ACS Style
Wilson Bashaija; Pascal Nyiringango; Mukulira Oliva; Jacob Niyoyita Mahina. Effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda. J. Finance Account. 2020, 8(6), 288-294. doi: 10.11648/j.jfa.20200806.15
AMA Style
Wilson Bashaija, Pascal Nyiringango, Mukulira Oliva, Jacob Niyoyita Mahina. Effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda. J Finance Account. 2020;8(6):288-294. doi: 10.11648/j.jfa.20200806.15
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Download@article{10.11648/j.jfa.20200806.15,
author = {Wilson Bashaija and Pascal Nyiringango and Mukulira Oliva and Jacob Niyoyita Mahina},
title = {Effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda},
journal = {Journal of Finance and Accounting},
volume = {8},
number = {6},
pages = {288-294},
doi = {10.11648/j.jfa.20200806.15},
url = {https://doi.org/10.11648/j.jfa.20200806.15},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20200806.15},
abstract = {The study sought to establish the effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda. The researcher used theory of financial controls. Research Design, Population, Sampling Frame and Size, and Data Processing and analysis were used during the study. The study shows a positive significant regression coefficient. This means that a unit change in Financial Controls brings about change in Financial Stability in the Micro Finance Institutions in Rwanda. The study thus rejects the null hypothesis conclude that there is significant relationship between Financial Controls and Financial Stability in the Micro Finance Institutions in Rwanda. Data analysis was descriptive statistics and inferential statistics using Statistical Packages for Social Sciences (SPSS) version 24. The analysis of variance (ANOVA) was checked to reveal the overall model of significance. The study recommends prudent policy measures on Financial Controls especially Asset management, financial system controls and Capital adequacy. Management recommends that quarterly reports are produced on time and ensure that external investors are able to monitor liquidity management and detect liquidity and credit risks exposed to their investments early enough. Government recommends that since all financial services players under MFI adhere to frequent reporting for better increase of financial management and efficient investment decisions.},
year = {2020}
}
TY - JOUR T1 - Effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda AU - Wilson Bashaija AU - Pascal Nyiringango AU - Mukulira Oliva AU - Jacob Niyoyita Mahina Y1 - 2020/12/22 PY - 2020 N1 - https://doi.org/10.11648/j.jfa.20200806.15 DO - 10.11648/j.jfa.20200806.15 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 288 EP - 294 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20200806.15 AB - The study sought to establish the effect of Financial Controls on Financial Stability of Micro Finance Institutions in Rwanda. The researcher used theory of financial controls. Research Design, Population, Sampling Frame and Size, and Data Processing and analysis were used during the study. The study shows a positive significant regression coefficient. This means that a unit change in Financial Controls brings about change in Financial Stability in the Micro Finance Institutions in Rwanda. The study thus rejects the null hypothesis conclude that there is significant relationship between Financial Controls and Financial Stability in the Micro Finance Institutions in Rwanda. Data analysis was descriptive statistics and inferential statistics using Statistical Packages for Social Sciences (SPSS) version 24. The analysis of variance (ANOVA) was checked to reveal the overall model of significance. The study recommends prudent policy measures on Financial Controls especially Asset management, financial system controls and Capital adequacy. Management recommends that quarterly reports are produced on time and ensure that external investors are able to monitor liquidity management and detect liquidity and credit risks exposed to their investments early enough. Government recommends that since all financial services players under MFI adhere to frequent reporting for better increase of financial management and efficient investment decisions. VL - 8 IS - 6 ER -
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