Indigenous Languages and Economic Empowerment: The Impact of Table Banking Among Women in Homabay County, Kenya

Abstract

This study examines the role of indigenous languages in Kenya and their impact on table banking among women in Homa Bay Counties. Using a mixed-methods approach, data was collected from 120 women drawn from the County. The study is rooted in Social Capital Theory (Bourdieu, 1986) and Linguistic Relativity Theory (Whorf, 1956). Social Capital Theory explains how indigenous languages foster trust and reciprocal support within table banking groups, bolstering financial collaboration and reducing loan default rates. Linguistic Relativity Theory highlights the influence of language on financial decision-making and access to economic opportunities. The findings indicate that linguistic accessibility significantly enhances financial literacy, fosters confidence in financial transactions, and improves business sustainability. Women who conduct financial transactions in indigenous languages demonstrate higher levels of financial literacy and greater participation in savings groups. Quantitative analysis reveals that 78% of participants feel more confident discussing financial matters in their native language, whereas 65% encounter challenges when interacting with formal banks due to language barriers. Qualitative insights further illustrate that indigenous languages enhance trust and comprehension in financial literacy programmes, thereby improving savings behaviour and loan repayment rates. However, language constraints hinder access to formal financial institutions and digital banking services, restricting broader financial opportunities. These results align with recent empirical studies emphasising the socio-economic benefits of linguistic inclusivity in financial systems. To bridge these linguistic barriers and promote financial inclusion, the study recommends integrating indigenous languages into financial literacy programmes to enhance accessibility and participation. Additionally, financial institutions should adopt multilingual banking services to ensure that women in rural communities can access financial resources without language constraints. Expanding microfinance initiatives with language-inclusive financial education and digital banking solutions will economically empower women, strengthen savings groups, and enhance financial independence.