Impact of microfinance services and women's economic empowerment; a case of pride microfinance ltd.Kampala,Uganda
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Date
2018-06, 2018-06
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
This study examined the effect of microfinance services on women's economic empowerment in Kampala. This was initiated as a result of deteriorating women economic status despite the existence of microfinance services focused on women. To provide answers for the age gap the following research objectives were stated i) to investigate the effect of microfinance training on women's economic , ii) to assess the effect of savings on women's economic empowerment and iii) to establish the effects of credit on women's economic empowerment. In order to obtain answers for the research questions raised from the above objectives a descriptive. Analytical cross sectional survey design was adopted. In this study. The population comprised or I IO female clients and IO staff of Pride Microfinance Ltd in Kampala. Both questionnaires and interview guides were used to obtain data for the study. Data was analyzed using SPSS version I(, and statistical variables of mean and standard deviation was used in interpreting the data. The key findings according to the objectives w, •" that. There was a strong positive relationship between micro-finance training service and women economic empowerment and that training along.' predicted 20. I% of the variance in women economic empowerment in Kampala whereas other factors 79.8%. On microfinance savings services: town that, savings are not done voluntarily. By women and besides that women could not access their savings all because of' the default of other members. Besides that it was established that credit services of Pride microfinance were found not convenient to women, they were risky because of the group lending methodology used. And the interest rate charged on them in relation to the income of' women was high. Basing on the, ,, findings it was recommended that, management,o f pride microfinance had to its clients training service so as to incorporate training of entrepreneurship skills like bookkeeping. searching skills and business planning skills that were presumed to be so vital to the economic empowerment.
Description
A research report submitted to the College of Economics and Management in partial fulfillment of the requirements for the award of the Bachelors’ Degree of Business Administration (accounting and finance) of Kampala International University
Keywords
Business administration, Microfinance services, Women's economic empowerment, Pride microfinance institution