Micro finance institutions and poverty reduction in Uganda: a case study of Mukono Municipality, Mukono District
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Date
2018-09
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study assessed the impacts of micro finance institution on poverty reduction in Uganda
Mukono municipality Mukono district. It answered three study objectives that included: To
establish the level of micro finance on poverty, examine the challenges faced in Mukono
municipality Mukono district and determine the relationship between microfinance and poverty in
Mukono municipality Mukono district.
The study used cross sectional research design; questionnaires were used to collect data from 45
respondents who participated in the study. Education sector, in collaboration with other
development stakeholders, is facilitating the social economic transformation of Uganda, as part of
delivering on its huge mandate. Ultin1ately, achieving the goal of middle income status will require
success at all the 3 level of service delivery namely; policy making, planning & implementation.
Based on the empirical findings of the research, the impact of microfinance institution on people
welfare in Mukono municipality Mukono District has varied effects on the welfare of the
participating households. Some of these effects include: improved education standards, improved
healthcare, in1proved incomes, enhance consumption and living standards, earning of extra income
as well as reduction of unemployment by providing an avenue for self-employment. There also
exists a very strong relationship between household welfare on one hand and various variables
mentioned.
Description
Research report presented to the College of Economics and Management in partial fulfillment of the requirements for the Award of a Bachelor Degree of Business Administration of Kampala International University
Keywords
Micro finance, Institutions, Poverty, Reduction