Micro finance Credit and Poverty Eradication in Uganda:
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Date
2013-02
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
The purpose of the study to examine the relationship between microfinance credit and poverty
eradication in Uganda. The study was guided by research objectives of examining the causes of
pove11y in Uganda, examining the contributions ofmicrofinance credit services provided to the
poor and establishing the relationship between microfinance credits and poveny eradication. This
was accomplished using secondary data sought from sources such as journals. newspapers. report
publications from institutions, periodicals which are found in Kampala international university
library, public libraries. internet surfing and primary data from selected respondents from FINC A
(U) Jinja Branch and tertiary institutions.
The findings reveal that there is a positive link between the microfinance credit and poverty
alleviation in Uganda. For instance the findings reveals that microfinance credits to certain extent
has contributed to poverty alleviation to the population of Uganda blow the poverty line.
Therefore in order to reap the full benefit ofmicrofinance credits. Government policy makers
and other stake holders should properly channel the resources so as not to be misused. device
means of educating people monitoring systems to alert them if they are reaching very poor
people to the extent intended to them and consequently adjust their programs monitoring social
performance, visionary leadership, subsidizing and transparency ofmicrofinance to poor people.
The research study recommends adequate routine supervision by management on the client's
enterprise investments, individual loan and introduction of grace period to clients who fail to
adhere to the repayment period while dedicated FINCA is recommended to provide loans, credit
guarantee and giving advisory services.
These can be achieved if there is shared vision among the FINCA organizational structure.
stakeholders, shareholders and the government at large
Description
Research Dissertation Submitted to the College Of Economics and Management in Partial Fulfilment of the Requirement for the Award of a Bachelor's Degree In Business Administration of Kampala International University.
Keywords
Microfinance Credit, Poverty Eradication, Uganda