The impact of micro-finance institutions on the performance of small and medium enterprises in the post conflict Democratic Republic of Congo (Drc) case study: Cerp Microfinance of Bunia Town
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Date
2009-07
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study focused on the impact of micro-finance institutions on the
performance of small and medium enterprises in the post conflict in the
democratic republic of Congo (DRC) Bunia Town
The findings shows that Poor people have little or no access to financial
services that most of us take for granted, Lack of access to affordable loans on
the consumer side is a major hurdle in providing loan services that benefits
the, Reliable and affordable loan. services are the underpinning of most
productive enterprises, but it is not accounted for in the loans. and there is a
knowledge gap between microfinance institutions and central Bank
The recommendations suggested included;
There should be enough training of the SME's about financial management and
income generating activities and give them skills needed to utilize their loans
effectively.
Small and medium enterprises should be encouraged to form groups and get
group loans and also to engage in activities like poultry and piggery raring
which could generate income and improve on their nutrition.
Microfinance institutions should not be harsh while recovering loans as it
could discourage SME's from getting loans.
Microfinance institutions should introduce agricultural loans as most people in
rural areas depend on agriculture.
Then conclusions were made according to the research findings of the study.
Description
A research report submitted in partial fulfillment of the requirement For an Award in Bachelor of Business Administration, (Finance and Banking) At Kampala International University
Keywords
Performance, Small, Medium, Enterprises