The contribution of internal control systems in microfinance institutions' performance. Case study: pride micro-finance uganda (katwe branch)

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ABSTRACT. 

This research was carried out to examine the contribution of internal control Systems in the performance of micro-finance institutions. The objectives of the study were to establish the types of internal control systems being used in micro-finance institutions, to assess the nature of loopholes in internal control systems and how they can be managed in microfinance institutions, to establish the relationship between internal control systems and the performance of micro-finance institutions and to establish the contribution of internal control systems in the performance of micro-finance institutions. The methodology used include , the information generated from the field and secondary sources of data like the journals .Theories in available literature and also empirical literature were critically reviewed , and findings revealed that internal control systems have a great impact on the performance of microfinance institutions. The implication is that when good internal control systems are in place, microfinance institutions are likely to achieve their goals and objectives more effectively and efficiently. Recommendations that emerged from the findings include among others that micro-finance institutions should institute more flexible control procedures and policies, the institutions should strengthen the internal audit function, training of employees, sensitizations or workshops for supervisors and subordinates on the importance of internal control systems towards the performance of microfinance institutions. 

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APA

ANNAH, A (2021). The contribution of internal control systems in microfinance institutions' performance. Case study: pride micro-finance uganda (katwe branch). Afribary. Retrieved from https://afribary.com/works/the-contribution-of-internal-control-systems-in-microfinance-institutions-performance-case-study-pride-micro-finance-uganda-katwe-branch

MLA 8th

ANNAH, ATUKUNDA "The contribution of internal control systems in microfinance institutions' performance. Case study: pride micro-finance uganda (katwe branch)" Afribary. Afribary, 12 Jun. 2021, https://afribary.com/works/the-contribution-of-internal-control-systems-in-microfinance-institutions-performance-case-study-pride-micro-finance-uganda-katwe-branch. Accessed 24 Jul. 2021.

MLA7

ANNAH, ATUKUNDA . "The contribution of internal control systems in microfinance institutions' performance. Case study: pride micro-finance uganda (katwe branch)". Afribary, Afribary, 12 Jun. 2021. Web. 24 Jul. 2021. < https://afribary.com/works/the-contribution-of-internal-control-systems-in-microfinance-institutions-performance-case-study-pride-micro-finance-uganda-katwe-branch >.

Chicago

ANNAH, ATUKUNDA . "The contribution of internal control systems in microfinance institutions' performance. Case study: pride micro-finance uganda (katwe branch)" Afribary (2021). Accessed July 24, 2021. https://afribary.com/works/the-contribution-of-internal-control-systems-in-microfinance-institutions-performance-case-study-pride-micro-finance-uganda-katwe-branch