The study sought to establish the "the role of microfinance banks on poverty
eradication" with a case study of Centenary bank-Arua branch and was driven
by mainly three objectives. These objectives included; the need to identify the
policies used by the Microfinance Ins titutions such as Centenary Bank, Arua
Branch in a dministering loans. The need to determine the effectiveness of the
above policies used by Microfinance Institutions such as Centenary Bank, Arua
Branch towards poverty eradication, and the third objective is to examine the
relationship between Microfinance Institutions and poverty eradication.
To achieve these objectives, the researcher sampled fifty (50) respondents from
Centenary Ba nk-Arua bra nch. The study utilized qualitative and quantitative
research methods; three data collection instruments were used, structured
interview guides and questionnaires and the collected data was presented in
tabular form and analyzed statistically to decipher findings.
The researcher was guided by three research questions; the first research
question sought to find the policies used by the Microfinance Institutions
(Centenary Ba nk, Arua Branch) to administer loans in a bid to reduce poverty
and the research revealed that Centenary Bank-Arua branch uses numerous
policies to administer loans su ch as the presentation of collateral security by
the client before giving a loan to him or her.
The second research question sou gh t to find out how effective are the policies
used by the Microfinance Institutions such as Centenary Bank, Arua Branch in
administering loans in its fight of poverty eradication and the findings revealed
that these policies a re not all that effective in administering loans as so many
clients fail to fulfi ll the policies and those who have already obtained the loans
sometimes do not follow the terms and the conditions of the loan agreement.
Research, S. (2022). THE ROLE OF MICROFINANCE BANKS ON POVERTY ERADICATION A CASE STUDY OF CENTENARY BANK, ARUA BRANCH ARUA DISTRICT-UGANDA. Afribary. Retrieved from https://afribary.com/works/the-role-of-microfinance-banks-on-poverty-eradication-a-case-study-of-centenary-bank-arua-branch-arua-district-uganda
Research, SSA "THE ROLE OF MICROFINANCE BANKS ON POVERTY ERADICATION A CASE STUDY OF CENTENARY BANK, ARUA BRANCH ARUA DISTRICT-UGANDA" Afribary. Afribary, 16 Aug. 2022, https://afribary.com/works/the-role-of-microfinance-banks-on-poverty-eradication-a-case-study-of-centenary-bank-arua-branch-arua-district-uganda. Accessed 08 Dec. 2022.
Research, SSA . "THE ROLE OF MICROFINANCE BANKS ON POVERTY ERADICATION A CASE STUDY OF CENTENARY BANK, ARUA BRANCH ARUA DISTRICT-UGANDA". Afribary, Afribary, 16 Aug. 2022. Web. 08 Dec. 2022. < https://afribary.com/works/the-role-of-microfinance-banks-on-poverty-eradication-a-case-study-of-centenary-bank-arua-branch-arua-district-uganda >.
Research, SSA . "THE ROLE OF MICROFINANCE BANKS ON POVERTY ERADICATION A CASE STUDY OF CENTENARY BANK, ARUA BRANCH ARUA DISTRICT-UGANDA" Afribary (2022). Accessed December 08, 2022. https://afribary.com/works/the-role-of-microfinance-banks-on-poverty-eradication-a-case-study-of-centenary-bank-arua-branch-arua-district-uganda