EFFECT OF FINANCIAL RESOURCES ON PERFORMANCE OF COMMUNITY EMPOWERMENT PROJECTS IN KWALE COUNTY

Abstract

This study examined the effect of financial resources on the performance of community empowerment projects in Kwale County, Kenya. A descriptive research design was used with a target of 133 community empowerment projects within Kwale County. The variable relationship was determined through a regression model. The target population comprised 133 community empowerment projects in Kwale County, categorized into various programs including crop development, livestock production, fisheries, and community loaning projects. Stratified random sampling was employed) and a sample size of 67, representing 50% of the target population, was selected. The study findings revealed that financial resources play a crucial role in the performance of community empowerment projects in Kwale County, with a strong positive correlation (R = 0.642) and nearly half of the performance variation (R² = 0.499) explained by financial input. An F-value of 75.042 further highlighted the significant impact of financial resources on project outcomes, emphasizing the need for proper funding and management. In conclusion, adequate financial resources are vital for enhancing the scope and quality of community empowerment projects, leading to improved outcomes in areas like agriculture, health, and education. Stable funding ensures these projects' long-term success, while inconsistent financing can reduce their impact. Effective resource use enables strategic training and capacity building, improving project management and addressing community needs, while sufficient funding also encourages active community participation, essential for successful empowerment initiatives. To enhance community empowerment projects' effectiveness, Kwale County should adopt strong financial management practices, including detailed budgeting, transparent accounting, and regular financial audits to ensure funds are used efficiently and responsibly. Clear funding plans involving national and local governments, along with routine evaluations of financing options, are essential to meet project objectives. Additionally, involving beneficiaries in project planning and setting aside contingency funds for risk mitigation can help align projects with community needs and ensure smoother project execution.