Authors :
Julius Twinamasiko; Steven Ainebyona; Abas Rutaro
Volume/Issue :
Volume 5 - 2020, Issue 11 - November
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/375HyQp
Abstract :
The study was aimed at assessing the
contribution of micro finance towards poverty reduction
among households in Kawempe Division. And this was
assessed in terms of contribution of microfinance
towards access to basic needs, increased saving and
incomes and wealth creation among households in
Kawempe division. The researcher employed a
descriptive, correlation, cross-sectional and survey
design in which he used a self-administered
questionnaire to collect both qualitative and quantitative
data. The researcher targeted a selected population of
110 households in Kawempe division from where a
sample of 86 respondents was selected using both
purposive sampling and simple random sampling as
based on Krejcie& Morgan (1970) tables. Study findings
revealed a slight correlation of R= 0.349a between the
observed and predicted poverty reduction outcomes.
And that a small coefficient of determination of 24.2%
(R-square 0.242) in the poverty reduction could be
explained by the microfinance elements considered in
this study. In view of the above the study recommended
that microfinance institutions should consider increasing
the period of first repayments in order to allow for the
households to command adequate cash flows that can
allow for acquisition of assets and or take on
opportunities for expansion, there is need for special
microfinance, grant and training programs that target
the youth for entrepreneurial development and that
Government having though embarked on the youth
programme, need to put stringent measures to curb vices
like corruption that has infiltrated the programme. And
also the researcher recommends that in order to build on
gains achieved in the microfinance sector, Government
increasingly needs to harness the poverty- reducing
potential of shifts in the household sectorial share of
employment in favor of more productive and dynamic
activities.
The study was aimed at assessing the
contribution of micro finance towards poverty reduction
among households in Kawempe Division. And this was
assessed in terms of contribution of microfinance
towards access to basic needs, increased saving and
incomes and wealth creation among households in
Kawempe division. The researcher employed a
descriptive, correlation, cross-sectional and survey
design in which he used a self-administered
questionnaire to collect both qualitative and quantitative
data. The researcher targeted a selected population of
110 households in Kawempe division from where a
sample of 86 respondents was selected using both
purposive sampling and simple random sampling as
based on Krejcie& Morgan (1970) tables. Study findings
revealed a slight correlation of R= 0.349a between the
observed and predicted poverty reduction outcomes.
And that a small coefficient of determination of 24.2%
(R-square 0.242) in the poverty reduction could be
explained by the microfinance elements considered in
this study. In view of the above the study recommended
that microfinance institutions should consider increasing
the period of first repayments in order to allow for the
households to command adequate cash flows that can
allow for acquisition of assets and or take on
opportunities for expansion, there is need for special
microfinance, grant and training programs that target
the youth for entrepreneurial development and that
Government having though embarked on the youth
programme, need to put stringent measures to curb vices
like corruption that has infiltrated the programme. And
also the researcher recommends that in order to build on
gains achieved in the microfinance sector, Government
increasingly needs to harness the poverty- reducing
potential of shifts in the household sectorial share of
employment in favor of more productive and dynamic
activities.
