ROLE OF MICRO-FINANCE INSTITUTIONS ON ADOPTION OF HOME SOLAR SYSTEMS IN KENYA: A CASE STUDY OF CHEPALUNGU SUB-COUNTY

ECONOMICS

The objective of this study was to examine the role of microfinance institutions on adoption of home solar systems in Kenya and the specific objective was to establish the role of awareness campaigns on adoption of home solar systems in Kenya. The results will provide valuable information for MFIs to enhance their services and provide actionable suggestions for improving the accessibility and affordability of the solar home systems. In this study the Financial Inclusion Theory, Rational Choice Theory and the Social Cognitive Theory were used with the anchor theory being the Financial Inclusion Theory. The study was conducted using a descriptive research design, with a target population of 8511 household heads and a sample size of 382 where stratified random sampling was adopted. Data was collected using questionnaires and analysed using descriptive and inferential statistics with the help of SPSS. The findings showed that awareness campaigns has a significant impact on adoption of home solar systems. The study recommends that microfinance institutions should use leveraging community events, local media, and partnerships with influential local stakeholders to increase visibility and encourage positive attitudes toward Solar Home System

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