FINANCIAL SUSTAINABILITY PREPAREDNESS OF VINCENTIAN CHARITABLE PROGRAMMES IN NAIROBI COUNTY, KENYA, IN THE LIGHT OF COVID-19 PANDEMIC
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Date
2023-10-02
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Tangaza University College
Abstract
This study set out to examine the financial sustainability preparedness of Vincentian Charitable Programmes (VCPs) in Nairobi County, Kenya in the light of Covid-19 pandemic. The specific objectives that guided the research were to: examine the effects of Covid-19 Pandemic on the financial sustainability of VCPs, assess the financial sustainability preparedness strategies of VCPs, and identify financial sustainability strategies to be put in place towards financial sustainability of Vincentian charitable programmes in Nairobi County. The study was anchored on resource mobilization theory. The study adopted an embedded mixed research design. The population of the study comprised of 146 main and subordinate staff, managers (CEO), and directors from three identified Vincentian charitable organizations in Nairobi. Census techniques was used since the population of study was small. The data collection tools included the use of questionnaires, interviews and observation. Quantitative data was collected and analyzed using descriptive and inferential statistics through the use of SPSS (Version 25). Qualitative data was analyzed by coding key words and phrases generating key themes. These enabled the researcher to do narrative descriptions following the study objectives. Pearson Product Moment Correlation was utilized to establish the relationship that existed among the variables. Key findings showed that COVID-19 affected the VCPs both positively and negatively. However, negative effects outweighed the positive ones. Positively, the VCPs grew its digital capacity, new ways of doing things, organizations learning, staff side-hustling, environmental safety and hygiene improvement. Negative effects included: VCPs documented loss of lives and livelihoods of beneficiaries, expensive administration and running cost, interrupted donations, and job instability among staff. The COVID-19 pandemic, above all, negatively affected effectiveness of financial sustainability preparedness of the Vincentian charitable programs in Nairobi County. The study therefore, recommends VCPs organizations to take government as a local partner in responding to challenges, collaborations among Church-Based organizations, establish income generation business, borrow from local entrepreneurs, and include staff in decisions of the organizations.