Cash Transfer Program, Household Demographics and Household Asset Holding: A Case of Inua Jamii in Tharaka North Sub-County, Tharaka Nithi County Kenya

This study sought to determine the Impact of Cash Transfer Program on Beneficiary’s Household Asset Holding moderated by Household Demographics: A case of Inua Jamii in Tharaka North Sub-County, Tharaka Nithi County, Kenya. Its objective was to establish the impact of Inua Jamii cash transfer program on beneficiary’s household asset holding and to find out the moderating effect of dependency ratio on the relationship between Inua Jamii cash transfer program and beneficiary’s household asset holding in Tharaka North Sub-County, Tharaka Nithi County, Kenya. The study targeted a population of 562 households out of which a sample of 351 households were considered. Stratified simple random sampling procedure was used. Descriptive research design was employed and primary data was used. Structured questionnaires were used to collect primary data. Descriptive statistics was used in analysis while general ordered probit regression was used to measure the degree of association between independent variable and dependent variable. Results of independent variable constructs; consistency of payment, amount given and accessibility of funds on Household Asset Holding was significant at 0.05 level hence rejecting the null hypothesis. Results showed a unit increase in consistency of payment, amount predictability and accessibility of funds would lead to an increase of (0.144), (0.267) and (0.239) on household asset holding respectively. The moderator’s p-value was 0.000<0.05 concluding that dependency ratio significantly moderates the impact of Inua Jamii Cash Transfer Program on Beneficiary’s Household Asset Holding.