Role of Microfinance Institutions in Promoting Savings in Uganda: (A Case Study of Pride Microfinance Mukwano Arcade Branch)

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Kampala International University, College of Economics and Management Sciences .
This study was aimed at examining the role of Microfinance institutions in promoting savmgs. The objectives of the study were to determine the impact of micro finance programmes on the household welfare of rural poor; Find out if micro finance programmes savings reduce vulnerability and risks of rural poor; and to find out how micro finance promotes empowerment of rural poor. Qualitative and Quantitative Designs were employed where convenient san1pling was applied to select the respondents used for the study The mam instruments used 111 the data collection were the questionnaires; the data collected was analyzed manually where the researcher used descriptive and quantitative analysis, which included percentages and frequencies. The findings of the study included among others the fact Micro finance schemes had a positive impact on the welfare of the youth; Savings helped the you overcome some of the vulnerable conditions that they found them selves in and that Micro finance actually empowered the rural poor. This research recommended among other things the need for more future research that must focus on a deeper understanding of poverty alleviation since microfinance is only treating the symptoms than attacking the real causes.
A research report submitted to the Faculty of Social Science in the Department of Economics as a Fulfillment of the Award of Bachelors Degree of Arts in Economics of Kampala International University.
Microfinance Institutions, Promoting Savings, Role, Pride Microfinance