Financial Sustainability of Church Related Organisations. An Empirical Study on Kenya
Abstract
Church Related Organizations (CROs) contribute largely to social and economic development. But many of them in developing countries are today facing a financial crisis due to many years of dependency on foreign donations for their diaconal work and as donor support declines. This empirical doctoral thesis in Business Management analyses key determinants for financial sustainability of CROs in Kenya. Key factors for financial sustainability are asset management, donor diversification, own income generation and the donor relations. The book is relevant for Board and management of CROs and other civil society organisations CSOs, for finance officers, for donors as well for students in business management.
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