ABSTRACT
This study investigated the impact of microfinance intervention on poverty reduction in Moroto
district. The following objectives guided the study: i) to examine the various microfinance
services provided by MFls to the beneficiaries in Moroto district; ii) to establish the effects of
microtinance interventions on poverty reduction among the beneficiaries in Moroto district; iii)
to examine the relationship between microfinance services and poverty reduction in Moroto
district.
This study employed a descriptive survey design. A sample size of 108 respondents fi·om among
microlinance beneficiaries was determined using Krejcie and Morgan table (1970 from a target
population of !50 participants. The research instrument used was questionnaires while
quantitative data was analyzed using SPSS data editor version 17.0. Pearson correlation
coefficiency was used to determine the relationship between microfinance intervention and
poverty reduction.
The study established that between the two microfinance institutions surveyed in Moroto district,
both of them had loans, savings and insurance as some of their services to their clients.
Furthermore, the study findings revealed that microfinance intervention had to a lesser extent
reduced poverty among the beneficiat"ies. In addition to that, there was a significant positive
correlation between microfinance intervention and poverty reduction (1=.694, p>.032).
The study concluded that loans, savings and insurance are components of micro finance and that
microtinance services significantly in11uence poverty reduction. However it was argued that
microlinance services are more e!Tective when combined with entrepreneurial skills.
Furthermore, microfinance intervention improved and increased income of the beneficiaries thus
improving their housing facilities and having adequate food for consumption, however it did not
stop them from being vulnerable to illness. The study recommended that there is need for
microtinance institutions to put in place loan products that allow individual borrowing. This
would encourage more borrowing since sometimes it is very difficulty to form groups to borrow
a loan in rural areas among the illiterates. There is also need lor the microfinance institutions to
provide different types of loans that covers education loans so that the beneficiaries can educate their household members.
EMMANUEL, L (2021). Microfinance Intervention And Poverty Reduction In Uganda: A Case Of Moroto District. Afribary. Retrieved from https://tracking.afribary.com/works/microfinance-intervention-and-poverty-reduction-in-uganda-a-case-of-moroto-district
EMMANUEL, LOTEE "Microfinance Intervention And Poverty Reduction In Uganda: A Case Of Moroto District" Afribary. Afribary, 09 Jun. 2021, https://tracking.afribary.com/works/microfinance-intervention-and-poverty-reduction-in-uganda-a-case-of-moroto-district. Accessed 09 Nov. 2024.
EMMANUEL, LOTEE . "Microfinance Intervention And Poverty Reduction In Uganda: A Case Of Moroto District". Afribary, Afribary, 09 Jun. 2021. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/microfinance-intervention-and-poverty-reduction-in-uganda-a-case-of-moroto-district >.
EMMANUEL, LOTEE . "Microfinance Intervention And Poverty Reduction In Uganda: A Case Of Moroto District" Afribary (2021). Accessed November 09, 2024. https://tracking.afribary.com/works/microfinance-intervention-and-poverty-reduction-in-uganda-a-case-of-moroto-district