EFFECT OF MICROFINANCE SERVICES ON WOMEN SOCIO ECONOMIC DEVELOPMENT: A CASE STUDY OF TUMBA MICROFINANCE IN HUYE DISTRICT, RWANDA
Journal Title: European Journal of Business and Social Sciences - Year 2016, Vol 5, Issue 6
Abstract
The purpose of this study was to determine the effect of microfinance services on the social economic development of women. The specific objective of the study was; to determine the influence of microfinance credit on social economic development of women in Rwanda, to determine the influence of microfinance savings on social economic development of women in Rwanda and to establish the influence of microfinance training on the empowerment of the women in Rwanda. The study used descriptive survey research design. The target population for the study was 140 women using Tumba microfinance in Huye district. The sample size for this study was 104 women determined using Slovin’s formula for sample size determination. Simple random sampling technique was used in selecting samples. This study used questionnaires as the instrument for primary data collection. Data collected was analyzed using statistical package for social science (SPSS). The study findings indicated that microfinance credit, training and savings are significantly collated to women social economic development. The study recommended that trainings should be based on the need of the women i.e. basing on their engagement. Also loan borrowers should be allowed adequate time for paying their loan.
Authors and Affiliations
MUSORE Gapingi Patient| Jomo Kenyatta University of Agriculture and Technology, Dr. MBABAZI Mbabazize| Jomo Kenyatta University of Agriculture and Technology, Dr. Ruhara Charles| Jomo Kenyatta University of Agriculture and Technology
Keywords
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