ABSTRACT
In this study researcher investigated the relationship between effectiveness of financial systems and economic growth in selected MFIs in Rusizi District Rwanda. It was carried out with the specific objectives to determine the profile of the respondents as to age, gender, highest level of education, and professional experience, determine the level effectiviness of financial systems in selected microfinance institutions, determine, the level of economic growth, and lastly, to establish relationship between the effectiveness of financial systems and economic growth in selected MFIs in Rusizi District, Rwanda The study was conducted though the uses of descriptive survey design and involved quantitative approach~ SLOVEN’s formula was also used to determine a sample size of 174 respondents from 250 targeted populations and the sampling was done by the use stratified random sampling technique. Self administered questionnaires were used as research instrument and Content validity Index was used to ensure validity and reliability of research instruments, The ensured the ethical and logistic considerations of research and both qualitative and quantitatively were used to analyze data using statistical techniques such as mean and Pearson correlation matrix. Findings indicated that financial systems in terms of levels of loans in selected MFIS is still low with average mean of 2,43; level of economic growth in form of level of income and capital accumulation is high with average mean of 2~62. Findings also indicate positive significant relationship between financial systems and economic growth (r =,794, P< .000) at .05 level of significance. The study concludes that there is a positive significant relationship between Effectiveness of financial systems and economic growth. The study therefore recommends that Micro Finance umbrella organization be established and given strong support by Government and donors as a body to give guidance to the industry.
TABLE OF CONTENTS
Chapter Page
One THE PROBLEM AND ITS SCOPE 1
Background of the Study 1
Statement of the Problem 3
Purpose of the Study 4
General Research Objective 4
Specific Research Objectives 4
Research Questions 5
Research Hypotheses 5
Research Scope 5
Significance of the Study 7
Operational Definitions of Key Terms 8
Two REVIEW OF RELATED LITERATURE 10
Concepts, Ideas, Opinions from Authors/Experts 10
Theoretical Perspectives 27
Related Studies 30
Three METHODOLOGY 35
Research Design 35
Research Population 35
Sample Size 35
Sampling Procedure 36
Research Instrument 36
Validity and Reliability of the Instrument 37
Data Gathering Procedures 38
Data Analysis 39
Ethical Considerations 39
Limitations of the Study 39
Four PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA 41
Five FINDINGS, CONCLUSIONS, RECOMMENDATIONS 54
Research Findings 54
Conditions 56
Recommendations 57
References 59
Appendices 64
Appendix I - Transmitta’ Letter 64
Appendix II- Letter from Umwarimu Sacco 65
Appendix III — Letter from Rim Ltd 66
Appendix IV - Research Instrument 67
Appendix V- Researchers Curriculum Vitae 71
Consults, E. (2022). Financial Systems and Economic Growth in Selected Microfinance Institutions in Rusizi District, Rwanda. Afribary. Retrieved from https://tracking.afribary.com/works/financial-systems-and-economic-growth-in-selected-microfinance-institutions-in-rusizi-district-rwanda-2
Consults, Education "Financial Systems and Economic Growth in Selected Microfinance Institutions in Rusizi District, Rwanda" Afribary. Afribary, 28 Sep. 2022, https://tracking.afribary.com/works/financial-systems-and-economic-growth-in-selected-microfinance-institutions-in-rusizi-district-rwanda-2. Accessed 18 Nov. 2024.
Consults, Education . "Financial Systems and Economic Growth in Selected Microfinance Institutions in Rusizi District, Rwanda". Afribary, Afribary, 28 Sep. 2022. Web. 18 Nov. 2024. < https://tracking.afribary.com/works/financial-systems-and-economic-growth-in-selected-microfinance-institutions-in-rusizi-district-rwanda-2 >.
Consults, Education . "Financial Systems and Economic Growth in Selected Microfinance Institutions in Rusizi District, Rwanda" Afribary (2022). Accessed November 18, 2024. https://tracking.afribary.com/works/financial-systems-and-economic-growth-in-selected-microfinance-institutions-in-rusizi-district-rwanda-2