Gender Diversity and Financial Performance of Deposit-Taking Savings and Credit Co-Operative Societies in Nairobi City County, Kenya
Owalo Maurice Otieno, Dr. Frederick Ndede, Mr. Gerald Atheru

Abstract
Between 2014 and 2018, there was general decline in return on assets and return on equity of Deposit-Taking Savings and Credit Cooperative Societies. The average return on assets was 2.51% in 2014 and 2.25% in 2018. The average return on equity was 33.09% in 2014 and 21.89% in 2018. The study specifically examined the effect of gender diversity on financial performance of Deposit-Taking Savings and Credit Cooperative Societies in Nairobi City County, Kenya. The study established that gender diversity insignificantly predicts return on assets (β3 = 0.456; p > 0.05) and significantly predicts return on equity (β3 = 7.534; p < 0.1).It was also concluded that gender diversity of board members positively and significantly affects return on equity. It is recommended that gender diversity of board members should be increased to ensure balanced participation of all genders in Savings and Credit Cooperative Societies management.

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