Microfinance And Socio-Economic Development Of Customers. A Case Study Of Pride Uganda Limited.

ABSTRACT

Poverty is an increasing problem and a major concern worldwide. By extending

financial services to the poor we encourage self employment, decision making and

sustainable growth, allowing beneficiaries to fulfill their personal as well as their

professional goals by accessing a financial system, to obtain the essay funds in order

to achieve personal objectives. As a result, the tools used in microfinance sector are

the key to remove the threat of poverty permanently.

20 respondents were investigated in the study. These include 18 clients of which 5

were shopkeepers, 6 were farmers, 3 who worked for wages and those who gain

income from renting out small amount of land, vehicles, and draft animals were 5.

The rest 2 were employees of Pride Uganda, Limited. The research employed both

qualitative and quantitative methods of collection of data and analysis. The main

areas of focus in the study included sources of microfinance, services offered by

microfinance institution, government policy f1·amewodr, donors of microfinance in

Uganda, constmins ofmicrofinance.

Lastly, policy make1·s should call for policy makers to have a better understanding

of the microfinance industry to develop a clear framework for regulation and

supervision of the sub sector.