The Role of Microfinance Institutions On Entrepreneurship Development a Case Study of Opportunity Uganda, Owino Branch

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Table Of Contents

Declaration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . i

Statement of approval . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .. . . . ii

Dedication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . iii

Acknowledgement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . ......... .. iv

Table of Contents.............................................................................. v

List of tables...................................................................................... ix

List of Figures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . x

Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . ... xi

Abstract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . .. . . . xii

CHAPTER ONE... . . . . . . .. . . . . . . . . . . . . . . . . . .. . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .. .. . . . . . . . .. . . . 2

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY..................................................... 2

1.1.1 OPPORTUNITY UGANDA .......................................................... . 2

1.2 STATEMENT OF THE PROBLEM..................................................... 4

1.3 PURPOSE OF THE STUDY.............................................................. 4

1.4 OBJECTIVES OF THE STUDY.......................................................... 4

1.3.1 General Objectives...................................................................... 4

1.3.2 Specific Objective . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . . . . . . . .. 4

1.5 RESEARCH QUESTIONS................................................................ 4

1.6 SCOPE OF THE STUDY................................................................... 4

1.7 SIGNIFICANCE OF THE STUDY..................................................... 4

1.8 CONCEPTUAL FRAMEWORK........................................................ 4

CHAPTER TWO... . . . . . . . . . . . . . .. . .. . . . . . . . .. . . . . . . . . . .. . .. . ... . . . .. . . . . . . . .. . . . . . .. ... ... . . . . 6

LITERATURE REVIEW

V

2.0 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . .. . . .. . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . ... .. ........ 6

2.1 OVERVIEW OF MICROFINANCE.... .. ....... ..... ... ... ... .......... ...... ......... 6

2.1.1 History of Microfinance in Uganda................................................... 7

2.1.2 Key providers of Microfinance include............................................. 8

2.1.3 Examples of Micro Finance in Uganda............................................. 8

2.2 OVERVIEW OF ENTREPRENEURSHIP............................................. 9

2.3 ENTREPRENEURSHIP IN UGANDA . . . . . . . . . . . . . . . . . . . . . ... . . . . . . . . . . .. . . ... ... . . 10

2.4 RELATIONSHIP BETWEEN ENTREPRENEURSHIP AND

MICROFINANCE . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . 10

2.5 SAVING CULTURE . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . . . . . . . . . . .. . . . . . . . .. . . . . . .... 12

2.6 ACHIEVEMENTS OF MICROFINANCE AS AN INS1RUMENT OF

WEAL1H CREATION........................................................................ 13

2.7 CHALLENGES OF MICROFINANCE AS AN INS1RUMENT

ENTREPRENEURSHIP DEVELOPMENT . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. . .. . . 17

CHAPTER THREE... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ..• ... .... ... ... ... ... ... 24

ME1HODOLOGY

3.0 INTRODUCTION.......................................................................... 24

3.1 RESEARCH DESIGN..................................................................... 24

3.2 POPULATION OF STUDY............................................................. 24

3.3 SAMPLE FRAMEWORK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . . . .. . . . . . . . . . ... 24

Sample Size . . . . . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . .. .. . . . . .... 24

Sample Selection......................................................................... 24

3.4 INS1RUMENTS OF DATA COLLECTION.................. ... .. .... .............. 24

Questionnaires.................................................................................. 24

Interviews........................................................................................ 25

3.5 SOURCES OF DATA...................................................................... 25

3.5.1 Primary Data........................................................................ 25

VI

3.5.2 Secondary Data.................................................................... 25

3.6 DATA PROCESSING AND ANALYSIS.............................................. 25

3.8 LIMITATIONS OF 1HE STUDY......................................................... 25

CHAPTER FOUR.............................................................................. 27

PRESENTATION, ANALYSIS AND INTERPRETATION OF 1HE 27

FINDINGS

4.0 Introduction................................................................................. 27

4.1 Opportunity Uganda's Role In Helping Entrepreneurs Start Businesses 27

And Create Wealth ........................................................................... .

4.2 Number Of Years Interviewees Have Been Members Of Opportunity 27

Uganda .......................................................................................... .

4.3 Benefits To Their Oients from Opportunity Uganda............................. 28

4.4 Assets Bought.............................................................................. 29

4.5 Increase In Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... 29

4.6 Entrepreneurship Training . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 29

4.7 Areas Where Clients Require More Training . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... 29

4.8 Challenges Faced By Entrepreneurs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

4.9 Access To Funds And Saving Culture Of Entrepreneurs........................ 30

4.10 Percentage Of Income Saved . .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . . . 31

4.11 Reasons For Saving . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . . . . . . . . . . . . . . .. . .. 32

4.12 Challenges Faced By Microfinance Institutions . . . . . . . . . . .. . . . .. . . . . . . . . . . . . .. .. 33

4.13 Source Of Challenges ... .. . .. ......... .... . ........ ...... ... .......... ........ ... ...... 33

4.14 Government Policies That Discourage Entrepreneurship..................... 33

CHAPTER FIVE... . . . . . . . . . . . . . . . . .. . . . ... . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . ... 35

SUMMARY OF FINDINGS, CONCLUSION AND ECOMMENDATIONS 35

4.0 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 35

4.1 Summary Of Findings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . 35

Abstract The purpose of this research project was to investigate the role of Microfinance Institutions on entrepreneurship development. The case study was Opportunity Uganda, a Microfinance Institution in Uganda. The first objective of the study was to explore how Microfinance Institutions help people start businesses and create wealth. The findings of the research clearly show that Microfinance Institutions play a very important role in empowering entrepreneurs with loans, training and advisory services. The second objective was to find out whether access to funds improves the saving culture of entrepreneurs. The research found that when entrepreneurs access funds, there is an increase in their income and this eventually leads to having extra income to save. And the last objective was to analyze the challenges faced by Microfinance Institutions as they promoting entrepreneurship. It was found that Microfinance Institutions experience challenges from clients as concerns trustworthiness and meeting their obligations, from the government with unfavorable policies and from management of the institution. The research clearly shows that Microfinance Institutions are important in entrepreneurship development. Without them, entrepreneurs would have difficulty in starting, running them and creating wealth.

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APA

GUILLAUME, M (2022). The Role of Microfinance Institutions On Entrepreneurship Development a Case Study of Opportunity Uganda, Owino Branch. Afribary. Retrieved from https://afribary.com/works/the-role-of-microfinance-institutions-on-entrepreneurship-development-a-case-study-of-opportunity-uganda-owino-branch

MLA 8th

GUILLAUME, MANIRAHO "The Role of Microfinance Institutions On Entrepreneurship Development a Case Study of Opportunity Uganda, Owino Branch" Afribary. Afribary, 18 Aug. 2022, https://afribary.com/works/the-role-of-microfinance-institutions-on-entrepreneurship-development-a-case-study-of-opportunity-uganda-owino-branch. Accessed 08 Dec. 2022.

MLA7

GUILLAUME, MANIRAHO . "The Role of Microfinance Institutions On Entrepreneurship Development a Case Study of Opportunity Uganda, Owino Branch". Afribary, Afribary, 18 Aug. 2022. Web. 08 Dec. 2022. < https://afribary.com/works/the-role-of-microfinance-institutions-on-entrepreneurship-development-a-case-study-of-opportunity-uganda-owino-branch >.

Chicago

GUILLAUME, MANIRAHO . "The Role of Microfinance Institutions On Entrepreneurship Development a Case Study of Opportunity Uganda, Owino Branch" Afribary (2022). Accessed December 08, 2022. https://afribary.com/works/the-role-of-microfinance-institutions-on-entrepreneurship-development-a-case-study-of-opportunity-uganda-owino-branch