The Role of Community Economic Development Intermediaries

2021 ◽  
Vol 5 (3) ◽  
pp. 81-98
Author(s):  
Herbert Barasa ◽  
◽  
Juster Nyaga ◽  

Most developing countries, including Kenya, have a big proportion of the population still living in rural areas that face an immense challenge especially on economic development and access to basic social infrastructure that include roads, health, water, and education. The government and local authorities are striving with the available limited resources against the competing priorities in order to meet the needs of the population and improve the quality of life and wellbeing. This study examined the role of community-based organizations (CBOs) on economic development in Siaya County, specifically their role on resource and stakeholder mobilization in Kenya. The study was anchored on Social Capital Theory but also analyzed both System and Conflict Theories. The study provides new and relevant information on the role of CBOs in development to the County governments as devolved systems of government responsible for development and planning thus justifying investment and policy formulation for closer collaboration. Descriptive study was undertaken and targeted and enumerated two respondents per group (total 50) in all the 25 CBOs in Siaya County that were duly registered and had coverage of at least one Sub-County. Using a Likert scale questionnaire, quantitative data was collected. Prior to that, a pilot study was done in the nearby Kakamega County to test the instrument. Descriptive, correlation and regression analysis was applied to the data using SPSS version 21. The findings indicate that; Resource Mobilization by CBOs enhances the organizations’ contribution to community economic development, stakeholders’ mobilization plays a critical role in community economic development, the CBOs in Siaya County have managed to increase their impact on economic development at the community level. The study suggests replication in other counties where NGO activity is evident in Kenya, focusing on community based organizations that do not rely on aid as their main income sources. Moreover, a comparative study involving the CBOs from the East African countries should also be considered in future studies. Keywords: Resource Mobilization, Stakeholder Engagement, community based organization and Siaya County.


Author(s):  
Svitlana Turchina ◽  
◽  
Kateryna Turchina ◽  
Liudmyla Dashutina ◽  
◽  
...  

The article addressed the community as the smallest unit in geography scope, which unites individuals, companies, and government. The role of each one is significant and irreplaceable. For this paper, the community is as a synergy between group of individuals, institutions, and a government that live and (or) operate within geographical, political, social, and economic boundaries. This article focuses on banks, as a link between individuals and government in the development process. In particular, the supply and retention of financial and human capital. The authors try to prove financial companies and banks play a key role in the community and economic development because they deliver financial capital to individuals and businesses. This research allows concluding that the Finance & Insurance industry contributes toward the development of both national and local levels with the high share and positive mix and competitive components.


2021 ◽  
Vol 8 (1) ◽  
pp. 1-12
Author(s):  
Muhammad Habibi Siregar

COVID-19 shocks are over the whole world, which disrupted almost all sectors of the economy. Many major financial institutions show a downfall and going into economic recession. All around the world, ordinary people are affected the most in this dire situation due to raised unemployment. Mosques can be considered a vital social institution in Indonesia and tend to cultivate prosperity and elevate economic activities. This research exposed the hidden potential of Mosques in Indonesia in economic development by describing the essential asset stored in them. It’s instrumental for the community to empower the asset because the management of mosques will give multi-effective players in terms of community engagement.


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