The contribution of financial services of micro finance institutions to the entrepreneurship of Rwanda a case study of IMF-UNGUKA SA:

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Kampala International University, College of Economics & management.
This research study was based on Micro finance institution that includes cooperatives, credit unions, NGOs and some commercial banks were identified as only financial institutions that would serve the poor. The services provided include savings and credit, assistance with group formation, business information and training services to their clients. Utilization of the services will enable the poor to increase their income levels, reduce poverty and women clients will be empowered. Despite MFIs’ efforts to reach the poor in rural communities, the poor are still unemployed, their level of poverty is on high rate, and their general welfare is also low. The study was guided by both general and specific objectives; to identify and bring awareness on the role of microfinance institutions to the Rwanda economic development. The specific objectives to: find out whether IMF-UNGUKA SA contributes enhancing entrepreneurship; find out whether the services rendered to the clients are effective enough to make them be active partners; identify the major constraints encored by micro finance institutions in promoting entrepreneurship development. The study was also based on descriptive case study research design and both primary and secondary data was used in the study. Primary data was obtained with the help of researcher administered questionnaire. The findings were analyzed in line with the objectives and found out IMFs have a greater extent contributed to development in the area. Through the services rendered, the IMFs clients were able to increase their income and reduce poverty levels. However, MFIs are faced with challenges while serving the people in the area that included high transaction costs, lack of appropriate products for the poor. And MFIs have tried to put in place strategies to help overcome some of the challenges like the classification of the rural people so that they can be assisted accordingly, adoption of credit registers. The researcher made recommendations on various aspects like savings, credit, and training so that the quality of the services could be improved.
a thesis presented to the school of postgraduate studies and research Kampala international university Kampala, Uganda in partial fulfillment of the requirements for the degree master of business administration;
financial services, microfinance, entrepreneurship