ABSTRACT
This research investigated the effect of village banks on rural development from
2006 to the year 2010. The specific objectives of the research were to determine
the role of village banks in development of clients in Midia, discover the social
and economic achievements of the clients of the village banks and identify some
of the challenges facing the village banks in developing clients' socio-economic
life in Midia Sub-County.
In the literature review, different concepts and opinions and ideas of various
experts were used to support the study and concepts linked and analyzed to
bring an understanding of the study. In the research methodology, the study
employed a case study design where both qualitative and quantitative
approaches were employed and study population consisted of management and
employees of the banks, clients of the banks, relatives of some of the clients and
local government officials in the sub-county of the study. Seventy respondents
were sampled through stratified technique. Both questionnaire and interview
methods were used to collect data and the researcher followed all the research
procedures on ground besides respecting all the ethical and logistical
considerations of research.
The findings of the study reveal that the effect of village banks in the SubCounty
is wholesome and holistic. This means that village banks in the area have
empowered people not only in business but also in health, nutritional,
educational among others through offering a variety of services such as
microfinance loans, development loans, business loans, education loans among
others and some saving products. Based on the challenges facing village banks in
the area, the study recommends that the banks should continue providing such
developmental and client friendly products and argues different stakeholders to
support such banks for better development.
SARAH, A (2021). The Effect Of Village Banks On Rural Development: "A Case Study Of Midia Sub-County, Koboko District". Afribary. Retrieved from https://afribary.com/works/the-effect-of-village-banks-on-rural-development-a-case-study-of-midia-sub-county-koboko-district
SARAH, ATAYI "The Effect Of Village Banks On Rural Development: "A Case Study Of Midia Sub-County, Koboko District"" Afribary. Afribary, 03 Jun. 2021, https://afribary.com/works/the-effect-of-village-banks-on-rural-development-a-case-study-of-midia-sub-county-koboko-district. Accessed 10 Oct. 2024.
SARAH, ATAYI . "The Effect Of Village Banks On Rural Development: "A Case Study Of Midia Sub-County, Koboko District"". Afribary, Afribary, 03 Jun. 2021. Web. 10 Oct. 2024. < https://afribary.com/works/the-effect-of-village-banks-on-rural-development-a-case-study-of-midia-sub-county-koboko-district >.
SARAH, ATAYI . "The Effect Of Village Banks On Rural Development: "A Case Study Of Midia Sub-County, Koboko District"" Afribary (2021). Accessed October 10, 2024. https://afribary.com/works/the-effect-of-village-banks-on-rural-development-a-case-study-of-midia-sub-county-koboko-district