Financing Decisions and Financial Sustainability of Social Service Projects: The Case of the Dominican Region of Rwanda and Burundi
DOI:
https://doi.org/10.47941/ijf.1419Keywords:
Financing Decisions, Financial Sustainability, Social Service ProjectsAbstract
Purpose: Organizations strive, among other things, to be financially stable for the long haul. Implementing sound fiscal management procedures is one approach to ensure the long-term sustainability of social service programs. The study set out to answer the question, "How do the financing decisions of the Dominican region of Rwanda and Burundi affect the financial sustainability of social service projects?" The current study was guided by Resource-Based View theory and Financial sustainability model.
Methodology: Multiple research strategies were employed in this investigation. All eleven social service programs in the Dominican region of Rwanda and Burundi served as the study's primary population. Eleven chief directors, five congregation superiors, thirty financial officers and accountants, and five project coordinators made up the unit of observation. Data was gathered with the help of questionnaires and preplanned interviews. Inferential and descriptive statistics were calculated from the analyzed data. Statistics were utilized to describe the data, including frequency distribution, mean, and percentages. On the other hand, inferential statistics like correlation and regression existed. The data collected was tallied.
Findings: Financing decisions were found to have a positive significant association with SSPs' financial sustainability (r=0.550, p=0.004).
Unique contribution to theory, practice and policy: We draw the following conclusions: financing decisions improve SSP sustainability. Among the study's many suggestions: ensuring that stakeholders are kept in the loop from the start of a project until its conclusion.
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Copyright (c) 2023 Kambazi Bonaventure, Dr. Esther Nkatha M’ithiria, Dr. Abraham Kiflemariam
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