The study on “Community based savings micro finance and household income
poverty eradication in Kabwohe town council, Sheema district” was guided by
three research objectives which sought to: Examine the impact of Community
Based Savings Micro Finance towards poverty eradication among the
households of Kabwohe town council Sheema district; establish the challenges
being faced by Community Based Savings Micro Finance beneficiaries in their
struggle to eradicate household income poverty; and find out the solutions to
the challenges faced by community based savings in Kabwohe is a town
The study established that, the majority 51(85%) of the respondents informed
this study that CBSMFs have benefited households in Kabwohe town council.
Only 9 (15 %) of the respondents did not agree to this. CBMFs have also given
a chance to the school drop outs to join vocational schools to learn practical
skills. Some members are now technicians and mechanics and others have
started their own garages. Other members have been facilitated to buy land to
cultivate food for household consumption and realize a surplus for sale.
The study also established that; lack of business skills to diversity investment
opportunities, the repayment period is too short to make profits, the loan
amount is too little to be invested productively, in some CBSMF Interest rate is
too high (up to 20%) were the challenges faced by the CBSMF. On the solutions
to the problems, the suggested that study members should be trained to
manage the loans properly if they are to eradicate household income poverty
and the same number (14) said loan terms should be improved, while 9 people
said that people should be educated about management of productive projects
for them to gain profits. Eight (8) respondents (13%) suggested that the
government should help to top up their savings so that loan amounts are
increased to enable members eradicate household income poverty.
Edu, F (2021). The Influence Of Community Based Savings Micro Finance On Poverty Eradication In Uganda: A Case Study Of Kabwohe Town Council, Sheema District. Afribary.com: Retrieved June 21, 2021, from https://afribary.com/works/the-influence-of-community-based-savings-micro-finance-on-poverty-eradication-in-uganda-a-case-study-of-kabwohe-town-council-sheema-district
Frontiers, Edu. "The Influence Of Community Based Savings Micro Finance On Poverty Eradication In Uganda: A Case Study Of Kabwohe Town Council, Sheema District" Afribary.com. Afribary.com, 10 Jun. 2021, https://afribary.com/works/the-influence-of-community-based-savings-micro-finance-on-poverty-eradication-in-uganda-a-case-study-of-kabwohe-town-council-sheema-district . Accessed 21 Jun. 2021.
Frontiers, Edu. "The Influence Of Community Based Savings Micro Finance On Poverty Eradication In Uganda: A Case Study Of Kabwohe Town Council, Sheema District". Afribary.com, Afribary.com, 10 Jun. 2021. Web. 21 Jun. 2021. < https://afribary.com/works/the-influence-of-community-based-savings-micro-finance-on-poverty-eradication-in-uganda-a-case-study-of-kabwohe-town-council-sheema-district >.
Frontiers, Edu. "The Influence Of Community Based Savings Micro Finance On Poverty Eradication In Uganda: A Case Study Of Kabwohe Town Council, Sheema District" Afribary.com (2021). Accessed June 21, 2021. https://afribary.com/works/the-influence-of-community-based-savings-micro-finance-on-poverty-eradication-in-uganda-a-case-study-of-kabwohe-town-council-sheema-district