Assessing The Challenges Of Microfinance Institutions In Their Efforts Towards Economic Empowerment In Uganda A Case Study Of Makindye Division Kampala Districta

Subscribe to access this work and thousands more

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.

Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

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

MLA 8th

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 25 Jul. 2021.

MLA7

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. 25 Jul. 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 >.

Chicago

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 July 25, 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