Authors :
Ndunda, Lucy Nyawira; Ngumi, Owen; Gachohi, Jane Njeri
Volume/Issue :
Volume 6 - 2021, Issue 4 - April
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/2QRpKCO
Abstract :
The study used the 42 item version of Ryff’s
Psychological Well-Being Scales (Ryff, 1989) todetermine
the psychological well-being of women entrepreneurs in
Njoro Sub-County, NakuruCounty, Kenya. A stratified
random sample of 190 participants was used. Descriptive
(frequency distributions, means and standard deviation)
and inferential (regression analysis, t- test and chisquare) statistics were used to analyse the data at 95 %
level of confidence. The psychological wellbeing for the
women entrepreneurs was found to be of medium level
(2.50 to 3.69) with a mean of 3.91 on a scale of 1 to 6. The
loan defaulters were found to have a lower psychological
wellbeing when compared to the non-defaulters and
these results were statistically significant . This implies that people with debt
problems have a potential risk of reduced mental wellbeing and need psychological counseling. The inclusion of
financial counselling services in the WEF loaning
procedures wasrecommended.
Keywords :
Indebtedness, Psychological Well-Being, Mental Wellbeing, Financial Health
The study used the 42 item version of Ryff’s
Psychological Well-Being Scales (Ryff, 1989) todetermine
the psychological well-being of women entrepreneurs in
Njoro Sub-County, NakuruCounty, Kenya. A stratified
random sample of 190 participants was used. Descriptive
(frequency distributions, means and standard deviation)
and inferential (regression analysis, t- test and chisquare) statistics were used to analyse the data at 95 %
level of confidence. The psychological wellbeing for the
women entrepreneurs was found to be of medium level
(2.50 to 3.69) with a mean of 3.91 on a scale of 1 to 6. The
loan defaulters were found to have a lower psychological
wellbeing when compared to the non-defaulters and
these results were statistically significant . This implies that people with debt
problems have a potential risk of reduced mental wellbeing and need psychological counseling. The inclusion of
financial counselling services in the WEF loaning
procedures wasrecommended.
Keywords :
Indebtedness, Psychological Well-Being, Mental Wellbeing, Financial Health
