Please use this identifier to cite or link to this item:
http://hdl.handle.net/123456789/7933
Title: | IMPACT ASSESSMENT OF SMALL CREDIT FINANCE TO POVERTY ALLEVIATION IN THE URBAN SOCIETY OF ETHIOPIA |
Authors: | ASEFA, FISEHA |
Keywords: | Microfinance, poverty, impact, income, saving, health and education expenditure |
Issue Date: | Feb-2024 |
Publisher: | St. Mary's University |
Abstract: | The main purpose of this study was to assess the impact of small credit finance to poverty
alleviation in the urban society of Arada Sub city. It explores the benefits gained from using
micro-financing as a mechanism to reduce poverty. The study was conducted in Addis Credit and
Saving Institutes specifically in Arada Branch. The data gathering was done by using
questionnaire as primary source of data. In addition, interview and other secondary data
sources were used. Mixed approach was used and the researcher employed cross-sectional
survey design. Descriptive statistical analysis and Propensity Score Matching (PSM) analysis
technique was used with respondents coming from clients to test the differences of benefit from
the credit scheme who were compared with those in the waiting lists. Purposive Sampling was
used to recruit 384 respondents for this study. The findings of the study revealed that customers
are getting advantage from the institute for the business startup and growth or expansion.
However, close support system in financial management and utilization of the money they
borrowed has gaps. The empowerment and psycho-social development of female clients have
problems in the borrowing decision, spending of the loan money, and usage of the profit.
Findings from new clients indicated that group formation and lack of entrepreneurship
implementation is demanding. High interest and unwillingness to accept group responsibility are
problems. Therefore, it is important to give training and support systems should be provided in
order to strengthen usage of the credit and saving institutes for economic beneficence and
development or positive change. The induction and orientation should be from getting loan up to
the returning the money borrowed. |
URI: | http://hdl.handle.net/123456789/7933 |
Appears in Collections: | Business Administration
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