Microfinance Services And Poverty Eradication In Uganda. A Case Study Of Finca (U) Nakulabye Branch

ABSTRACT

The study was set to analyze the relationship between microfinance services and poverty

eradication in Uganda. The case study was FINCA (U) Nakulabye Branch. The purpose

of the study was to examine the relationship between various micro finance services and

eradication in Uganda. The objectives of the study were to establish the impact of

micro finance services offered by microfinance institutions in Uganda. The study utilized

descriptive research design which involved quantitative techniques of data collection.

The total population was 51 management staff. The sample size of 50 management staff

was taken as a representative sample for the management.

The findings of the study revealed that household incomes have increased for clients of

microfinance institutions than those who are not clients. Similarly clients have been in

position to own consumer durables and are in condition to live an improved standard of

living. The research recommends that microfinance institutions in Uganda should design

client responsive products, introduce client exit surveys, have group guarantee systems,

encourage loan restricting, train credit officers, credit reference, charge customer

friendly interests rates and increase in loan terms. The researcher concluded that the

services offered by microfinance institutions have a positive impact on the client who

access those services since their standards of living is improved and they are able to establish small scale businesses as a result of accessed loans.