Browsing by Author "Mulinda, Azedi"

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    The Impact of Microfinance on Poverty Eradication And Economic Development Among Youth in Uganda: A Case Study of Summit Capital Micro finance, Kabalagala Branch
    (Kampala International University, College of Economics and Management., 2019-10) Mulinda, Azedi
    The purpose of the study was to investigate the impact of microfinance on poverty eradication and economic development among youth in Uganda. The study was based on the following 3 objectives; (I) to assess the services offered by microfinance towards poverty eradication and economic development among youth in Uganda; (ii) to examine the level of poverty eradication and economic development in kabalagala; and (iii) to establish the impact of microfinance on poverty eradication and economic development among youth in Uganda. The study employed a cross-sectional research design and a sample size of 100 respondents from a target population of 133 was used for the study. In regard to services offered by microfinance towards poverty eradication and economic development among youth in Kabalagala; the study found out that services offered by microfinance among youth in kabalagala was rated high with average mean (mean = 3.87) and were membership services, saving services and loan services which were all rated high by average mean of 3.88, 3.92 and 3.82 respectively. Study findings revealed that it is not complicated to become a member of the microfinance (mean = 3.64); share value is affordable (mean = 4.09); requirements to open account are easy to fulfill (mean = 3.84); saving policies for microfinance are well set (mean = 3.85); members get their savings on demand (mean=3.93); minimum liquidity are maintained to serve members (mean = 4.03); microfinance offers loans to members at affordable interest rates (mean = 4.05); loan repayment period is long enough (mean = 3.67); and collateral required is affordable (mean = 3.94). In regard to level of poverty eradication and economic development in kabalagala; results indicated that level of poverty eradication and economic development in Kabalagala was high with average mean of 3.92; findings revealed that youth in Kabalagala have managed to generate savings for future investment (mean = 3.78); resources pooled by youth have been put in investment (mean = 3.94); youth have access to loans and put this into investments (mean = 3.94). In regard to the impact of microfinance on poverty eradication and economic development among youth in Kabalagala; the study found out that the Pearson’s r data analysis of correlation revealed a +0.858 and thus, the findings revealed that there is a positive statistical significance impact between microfinance and poverty eradication and economic development among youth in Kabalagala. The study concluded that; microfinance have positively contributed to the poverty eradication and economic development among youth in Uganda. The study showed that microfinance services or activities mainly membership, credit and saving products have a positive contribution to poverty eradication and economic development among youth in Uganda. The study recommended that; Microfinance should encourage its members to improve on their current level of education by engaging in adult education or life-long learning as this will have the potency to increase their level of income; Microfinance should seek long term capital from local market which will enable them to grant larger volume of loan and to greater number of people who will improve their outreach level; again microfinance should design appropriate products that are flexible enough to meet the different needs of the poor for both production and consumption. The government should subsidize loans for poor people to make the loans more affordable for clients, keep assisting microfinance in saving mobilization to increase loanable fund, assist microfinance in training members on loan utilization, saving culture and business.
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    The impact of microfinance on poverty eradication and economic development among youth in Uganda: a case study of summit capital microfinance, Kabalagala Branch
    (Kampala International University, College of Economics & management., 2019-10) Mulinda, Azedi
    The purpose of the study wasto investigate the impact of microflnance on poverty eradication and economic development among youth in Uganda. The study was based on the following 3 objectives; (I) to assess the services offered by microfinance towards poverty eradication and economic development among youth in Uganda; (ii) to examine the level of poverty eradication and economic development in kabalagala; and (iii) to establish the impact of microfinance on poverty eradication and economic development among youth in Uganda. The study employed a cross-sectional research design and a sample size of 100 respondents from a target population of 133 was used for the study. In regard to services offered by microfinance towards poverty eradication and economic development among youth in Kabalagala; the study found out that services offered by microfinance among youth in kabalagala was rated high with average mean (mean = 3.87) and were membership services, saving services and loan services which were all rated high by average mean of 3.88, 3.92 and 3.82 respectively. Study findings revealed that it is not complicated to become a member of the microfinance (mean = 3.64); share value is affordable (mean = 4.09); requirements to open account are easy to fulfill (mean = 3.84); saving policies for microfinance are well set (mean = 3.85); members get their savings on demand (mean=3.93); minimum liquidity are maintained to serve members (mean = 4.03); microfinance offers loans to members at affordable interest rates (mean = 4.05); loan repayment period is long enough (mean = 3.67); and collateral required is affordable (mean = 3.94). In regard to level of poverty eradication and economic development in kabalagala; results indicated that level of poverty eradication and economic development in Kabalagalawas high with average mean of 3.92; findings revealed that youth in Kabalagala have managed to generate savings for future investment (mean = 3.78); resources pooled by youth have been put in investment (mean = 3.94); youth have access to loans and put this into investments (mean = 3.94). In regard to the impact of microfinance on poverty eradication and economic development among youth in Kabalagala; the study found out that the Pearson’s r data analysis of correlation revealed a +0.858 and thus, the findings revealed that there is a positive statistical significance impact between microfinance and poverty eradication and economic development among youth in Kabalagala. The study concluded that; microfinance have positively contributed to the poverty eradication and economic development among youth in Uganda. The study showed that microfinance services or activities mainly membership, credit and saving products have a positive contribution to poverty eradication and economic development among youth in Uganda. The study recommended that; Microfinance should encourage its members to improve on their current level of education by engaging in adult education or life-long learning as this will have the potency to increase their level of income; Microfinance should seek long term capital from local market which will enable them to grant larger volume of loan and to greater number of people who will improve their outreach level; again microfinance should design appropriate products that are flexible enough to meet the different needs of the poor for both production and consumption. The government should subsidize loans for poor people to make the loans more affordable for clients, keep assisting microfinance in saving mobilization to increase loanable fund, assist microfinance in training members on loan utilization, saving culture and business.