Microfinance Services and Poverty Eradication in Uganda: A Case Study of Finca (U) Nakulabye Branch
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Date
2011-08
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study was set to analyze the relationship between microfinance services and poverty
eradication in Uganda. The case study was FINCA (U) Nakulabye Branch. The purpose
of the study was to examine the relationship between various micro finance services and
eradication in Uganda. The objectives of the study were to establish the impact of
micro finance services offered by microfinance institutions in Uganda. The study utilized
descriptive research design which involved quantitative techniques of data collection.
The total population was 51 management staff. The sample size of 50 management staff
was taken as a representative sample for the management.
The findings of the study revealed that household incomes have increased for clients of
microfinance institutions than those who are not clients. Similarly clients have been in
position to own consumer durables and are in condition to live an improved standard of
living. The research recommends that microfinance institutions in Uganda should design
client responsive products, introduce client exit surveys, have group guarantee systems,
encourage loan restricting, train credit officers, credit reference, charge customer
friendly interests rates and increase in loan terms. The researcher concluded that the
services offered by microfinance institutions have a positive impact on the client who
access those services since their standards of living is improved and they are able to
establish small scale businesses as a result of accessed loans.
Description
A Dissertation Submitted To The School Of Business And Management In Partial Fulfillment Of The Requirements For The Award Of A Bachelors Degree In Business Administration And Management Of Kampala International University
Keywords
Microfinance Services, Poverty Eradication, Finca (U) Nakulabye Branch