The role of microfinance banks on poverty eradication: a case study Of Centenary Bank, Arua Branch Arua District-Uganda
| dc.contributor.author | Jok, Deng | |
| dc.contributor.author | Kuol | |
| dc.date.accessioned | 2020-07-16T08:02:52Z | |
| dc.date.available | 2020-07-16T08:02:52Z | |
| dc.date.issued | 2012-05 | |
| dc.description | A research dissertation submitted to the College of Economics and Management Sciences in partial fulfillment of the requirements for the Award of Bachelor's Degree in Business Administration of Kampala International University | en_US |
| dc.description.abstract | The study sought to establish the "the role of microfinance banks on poverty eradication" with a case study of Centenary bank-Arua branch and was driven by mainly three objectives. These objectives included; the need to identify the policies used by the Microfinance Institutions such as Centenary Bank, Arua Branch in administering loans. The need to determine the effectiveness of the above policies used by Microfinance Institutions such as Centenary Bank, Arua Branch towards poverty eradication, and the third objective is to examine the relationship between Microfinance Institutions and poverty eradication. To achieve these objectives, the researcher sampled fifty (50) respondents from Centenary Bank-Arua branch. The study utilized qualitative and quantitative research methods; three data collection instruments were used, structured interview guides and questionnaires and the collected data was presented in tabular form and analyzed statistically to decipher findings. The researcher was guided by three research questions; the first research question sought to find the policies used by the Microfinance Institutions (Centenary Bank, Arua Branch) to administer loans in a bid to reduce poverty and the research revealed that Centenary Bank-Arua branch uses numerous policies to administer loans such as the presentation of collateral security by the client before giving a loan to him or her. The second research question sought to find out how effective are the policies used by the Microfinance Institutions such as Centenary Bank, Arua Branch in administering loans in its fight of poverty eradication and the findings revealed that these policies are not all that effective in administering loans as so many clients fail to fulfill the policies and those who have already obtained the loans sometimes do not follow the terms and the conditions of the loan agreement. viii The third research question therefore sought to find out the relationship between Microfinance Institutions and poverty eradication in Uganda and the findings revealed that there is a very close relationship between the Microfinance institutions and poverty eradication in Uganda as those who are successful in getting these loans have their businesses prosper I expand, their standards of living have improved among others. In summary therefore, the researcher concluded that Microfinance Banks play a very great role in the eradication of poverty in Uganda and the whole of Africa as they grant the poor clients to have access to loans and make savings thus expanding their businesses, improving their standards of living, increasing their per capita income, provide an employment to many people to mention but a few. | en_US |
| dc.identifier.uri | http://hdl.handle.net/20.500.12306/8739 | |
| dc.language.iso | en | en_US |
| dc.publisher | Kampala International University, College of Economics and Management | en_US |
| dc.subject | Poverty | en_US |
| dc.subject | Eradication | en_US |
| dc.subject | Banks | en_US |
| dc.subject | Microfinance | en_US |
| dc.title | The role of microfinance banks on poverty eradication: a case study Of Centenary Bank, Arua Branch Arua District-Uganda | en_US |
| dc.type | Other | en_US |