Microfinance Institutions and Youth Empowerment In Rural Areas: A Case Study Of Mubuga Amajambere Iwacu Saaco Ltd, Kisoro Branch.
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Date
2019-08
Authors
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Journal ISSN
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Publisher
Kampala International University. College of Economics & Management
Abstract
The puipose of this study was to explore the role of ni~croJlnance institutions in promoting
youth empowerment in rural areas the spec~Ic objectives were to investigate the level of
youth empowerment in Kisoro district, to establish the level ofperformance of microfinance
institutions in Kisoro district and to determine the roles of microjinance institutions in
promoting youth empowerment Kisoro district.
The Study used a survey research design and data was collected from 80 respondents. The
findings of the study revealed that youth empowerment has improved as respondents agreed
to the most of the statements used to measure this objective except that it was found out that
the process ofacquiring a youth loan for empowerment is not easy. The findings ofthe study
also revealed that the performance ofMFIs in Kisoro district has increased except that the
lending policies are still poor. Thefindings ofthe study revealed that MFIs play an important
role in youth empowerment and it was found out that microfinance institutions do not give
grace periods to the youth as this affects their level of business establishment. The findings
also revealed that there is a strong positive relationshzp between microfinance institutions
and youth empowerment as it was found out that an improvement in microfinance services
improves youth empowerment by 85%.
The study recommended that microfinance institutions should simpljfi~’ the process of loan
acquisition, microfinance institutions should improve on their lending policies in order to
attract new customers and improve their performance in general and that microfinance
institutions should always give grace periods to the youth upon acquiring a loan for business
start up.
Description
Research Report Submitted To the College Of Economics
And Management in Partial Fulfillment of the Requirements for the Award of a Bachelor of Business Administration of Kampala International University.
Keywords
Microfinance Institutions, Youth Empowerment, Rural Areas