Authors :
Honest Kyomugisha; Dr. Esther Katuura; Steven Ainebyona
Volume/Issue :
Volume 5 - 2020, Issue 12 - December
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/38LY7jS
Abstract :
The researcher investigated the contribution
of Microfinance service institutions on the Economic
empowerment of women in UGAFODE Mbarara
Municipality. The study pursued a quantitative
approach, the study population was100 women clients
and staff from where a sample of 80 respondents were
selected using Purposive sampling and simple random
techniques. Study findings revealed that Microfinance
credit have enabled women to startup businesses and
earn income as given by 90% in agreement, higher mean
of 4.05 and a less standard deviation of 0.57. Results also
revealed that Microfinance credit enable women to
purchase property like land, animals, furniture, solar
and pay school fees for their children and they have been
able to participate in the leadership positions as given by
high mean of 4.08 and a less standard deviation of 0.72.
Results furthermore revealed that there is a strong
positive correlation of 0.745 between the micro finance
services provided and women economic empowerment
that is statistically significant at p-value of 0.000 < 0.05.
Based on the research findings, researcher recommends
that MFIs should reduce on the interest rates, increase
the amount given as loans to the clients and assess
repayment capabilities before loan provision. Further,
the researcher recommends that MFI clients in other
MFIs should be trained thoroughly before undertaking
credit facilities for an enterprise, use money for intended
purposes only and avoid money misuse and diversion of
funds
The researcher investigated the contribution
of Microfinance service institutions on the Economic
empowerment of women in UGAFODE Mbarara
Municipality. The study pursued a quantitative
approach, the study population was100 women clients
and staff from where a sample of 80 respondents were
selected using Purposive sampling and simple random
techniques. Study findings revealed that Microfinance
credit have enabled women to startup businesses and
earn income as given by 90% in agreement, higher mean
of 4.05 and a less standard deviation of 0.57. Results also
revealed that Microfinance credit enable women to
purchase property like land, animals, furniture, solar
and pay school fees for their children and they have been
able to participate in the leadership positions as given by
high mean of 4.08 and a less standard deviation of 0.72.
Results furthermore revealed that there is a strong
positive correlation of 0.745 between the micro finance
services provided and women economic empowerment
that is statistically significant at p-value of 0.000 < 0.05.
Based on the research findings, researcher recommends
that MFIs should reduce on the interest rates, increase
the amount given as loans to the clients and assess
repayment capabilities before loan provision. Further,
the researcher recommends that MFI clients in other
MFIs should be trained thoroughly before undertaking
credit facilities for an enterprise, use money for intended
purposes only and avoid money misuse and diversion of
funds
