ABSTRACT
The study investigated the challenges faced by microfinance in their efforts of economic
empowerment. The study was guided by specific objectives that included; To determine how
MFis fund community projects; to find out how MFis · efforts on provision of infrastructural
facilities enhance economic empowerment; to establish the part played by cultural practices
on MFis" efforts toward economic empowerment; and to examine the extent to which literacy
objects MFis' efforts towards economic empowerment in Uganda.
The study was descriptive and analytical in nature where stratified sampling was used to
select population. From 90 respondents, data were analyzed and presented using frequencies
and percentages and were tabulated.
The major findings of the study were; most of the respondents were males. There are
challenges that affect the efforts of micro finance in economic empowerment, however, to a
larger extent, they contribute to the economic empowerment of Uganda through poverty
eradication, achieve education, improve health care services and among others improved
standards of living.
Among the recommendations are; sensitization of the community about the goodness and
significance of microfinance, reducing or lowering interest rates, promoting microfinance institutions, and among others education of the population to reduce the higher illiteracy rates which in tum hamper success of microfinance institutions' endeavors of economic empowerment.
L.FRANK, G (2021). Assessing The Challenges Of Microfinance Institutions In Their Efforts Towards Economic Empowerment In Uganda A Case Study Of Makindye Division Kampala Districta. Afribary. Retrieved from https://afribary.com/works/assessing-the-challenges-of-microfinance-institutions-in-their-efforts-towards-economic-empowerment-in-uganda-a-case-study-of-makindye-division-kampala-districta
L.FRANK, GISHA "Assessing The Challenges Of Microfinance Institutions In Their Efforts Towards Economic Empowerment In Uganda A Case Study Of Makindye Division Kampala Districta" Afribary. Afribary, 12 Jun. 2021, https://afribary.com/works/assessing-the-challenges-of-microfinance-institutions-in-their-efforts-towards-economic-empowerment-in-uganda-a-case-study-of-makindye-division-kampala-districta. Accessed 20 Apr. 2024.
L.FRANK, GISHA . "Assessing The Challenges Of Microfinance Institutions In Their Efforts Towards Economic Empowerment In Uganda A Case Study Of Makindye Division Kampala Districta". Afribary, Afribary, 12 Jun. 2021. Web. 20 Apr. 2024. < https://afribary.com/works/assessing-the-challenges-of-microfinance-institutions-in-their-efforts-towards-economic-empowerment-in-uganda-a-case-study-of-makindye-division-kampala-districta >.
L.FRANK, GISHA . "Assessing The Challenges Of Microfinance Institutions In Their Efforts Towards Economic Empowerment In Uganda A Case Study Of Makindye Division Kampala Districta" Afribary (2021). Accessed April 20, 2024. https://afribary.com/works/assessing-the-challenges-of-microfinance-institutions-in-their-efforts-towards-economic-empowerment-in-uganda-a-case-study-of-makindye-division-kampala-districta