Microfinance Institutions and Economic Growth of Small & Micro-Enterprises (Smes)

Microfinance Institutions and Economic Growth of Small & Micro-Enterprises (Smes)

MICROFINANCE INSTITUTIONS AND ECONOMIC GROWTH OF SMALL & MICRO-ENTERPRISES (SMES)

ACASE STUDY OF (UWMFO) MICRO FINANCE INSTITUTION




BY
HENRY EGYEYU












DEDICATION



To the memory of my grand father
Daniel Egeyu
Whose love & enthusiasm for academia first kindled mine?
















ABSTRACT


This research study investigates the impact of microfinance institutions on entrepreneurial development of Small & Micro-enterprises (SMEs) that are craving for growth and development in a war revived district called Gulu. The researcher used questionnaire as an instrument of primary data collection. Tables and simple percentages were used in data presentation. For clear analysis, the study centers on two broad variables; the dependent variable which is entrepreneurial development and the independent variable which is microfinance institutions. Three different hypotheses were formulated and tested using various statistical tools such as chi-square test, analysis of variance and simple regression analysis. The study reveals that (i) there is a significant difference in the number of entrepreneurs who used microfinance institutions and those who do not use them; (ii) there is a significant effect of microfinance institutions activities in predicting entrepreneurial productivity; and (iii) that there is no significant effect of microfinance institutions activities in predicting entrepreneurial development. The researcher concludes that microfinance institutions world over and especially in Gulu are identified to be one of the key players in the financial industry that have positively affected individuals, business organizations, other financial institutions, the local government and the economy at large through the services they offer and the functions they perform in the economy.

CHAPTER ONE

INTRODUCTION AND BACKGROUND

1.1 Introduction

In this chapter, several sub themes have been covered and it basically...

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