The Role of Microfinance Institutions On Rural Development in Akalo Sub County, Kole District, Uganda

TABLE OF CONTENTS

DECLARATION

APPROVAL

DEDICATION

ACKNOWLEDGEMENT iv

TABLE OF CONTENTS

LIST OF TABLES

LIST OF ACRONYMS/ABBREVIATIONS

ABSTRACT

CHAPTERONE 1

1~O Introduction 1

1.1 Background of the study

1.1.1 Historical perspective 1

1.1.3 Theoretical perspective 5

1.1.4 Contextual perspective 6

1.2 Statement of the Problem 6

1.3 Purpose of the study 7

1.4 The objectives of the study 7

1.5 Research Questions 7

1.6 Significance of the study 7

1.7 Conceptual framework of the study 8

CHAPTER TWO 9

LITERATURE REVIEW 9

2.0 Introduction g

2.1 Definitions of key concepts used in the research 9

2.2 Review of Literature and theories related to the study 9

2.2.1 Microfinance activities 9

2.2.2 The level of rural development in Akalo sub county 11

2.2.3 The Role of microfinance institutions on rural development 12

V

CHAPTER THREE .21

METHODOLOGY 21

3.0 Introduction 21

3.1 Research design 21

3.2 Study Population 21

3.3 Sample size 21

3.4 Sampling Procedure 22

3.5 Data sources 22

3.5,1 Primary data sources 22

3.5.2 Secondary sources 22

3.6 Data collection instruments 22

3.7 Validity and Reliability of the Instruments 23

3.7.1 Validity of the instrument 23

3.7.2 Reliability of the instruments 23

3.8 Research Procedure 23

3.9 Data Analysis 24

3.10 Ethical Considerations 24

CHAPTER FOUR 25

DATA PRESENTATION, ANALYSIS AND INTERPRETATION 25

4,0 Introduction 25

4,1 Demography of respondents 25

4.1.1 Age of respondents 25

4.1.2 Gender of respondents 26

4.1.3 Education level of respondents 26

4.1.4 Duration of stay in Akalo sub county 27

4.3 The level of rural development in Akalo sub county 30

4.4 The effects of microfinance institutions on rural development in Akalo sub

county 32

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CHAPTER FIVE

DISCUSSIONS, CONLUSIONS AND RECOMMENDATIONS 33

5.0 Introduction 33

5.1 Discussion of research findings 33

5.1.1 Findings on the personal information of respondents 33

5.1.2 Findings on the activities of microfinance institutions in Akalo sub county 33

5.1.3 The level of rural development in Akalo sub county 35

5,1.4 The effects of microfinance institutions on rural development in Akalo sub

county 35

5.2 Recommendation 36

5.3 Limitations of the study 36

5.4 Areas of further research 37

REFERENCES 38

APPENDICES 40

APPENDIX I: RESEARCH BUDGET 40

APPENDIX II: RESEARCH TIME FRAME 41

APPENDIX II: RESEARCH INSTRUMENT 42