The Effect of Microloans on the Improvement of Women`s Welfare in Masaka Municipality a Case Study: Nyendo-Ssenyange Division

Abstract

This study intended to evaluate the Effect of Microloans on improvement of Women Welfare considering a case study of Nyendo-Ssenyange Division in Masaka Municipality. The research focused on the research objectives of, To find out the types of microloans given to the women to improve their welfare in Nyendo-Ssenyange division in masaka municipality. To find out how microloans have improved the standards of living of women in Nyendo-Ssenyange division in Masaka municipality. To find out the challenges of microloans on the improvement of the women welfare in Nyendo-Ssenyange division. This researcher used the questionnaire approach as the data collection tool. The findings revealed that most of the women who benefit from microloan belong to the age bracket between 26-35 years with generally an education background below degree Level particularly a majority belonging to diploma level, Certificate level, O and A level . Furthermore, in reference to the findings, the Agricultural loan is the most common microloan received followed by the Small business loan and the lastly, the Student tuition loan. The findings revealed that indeed all the loans have a role on women welfare although there still remain numerous challenges when using the loans and the most outstanding challenge is the high Interest rates charged. The study also revealed that there are also many challenges when acquiring the loans but the most outstanding being the Microloan lenders give out microloans basing on the return. Hence the recommendations from the research study include the interest rate charged on micro loans should be kept low to enable women borrow so as to improve on their welfare. And those for further research like Future researchers should also find out the effect of lending policies grated to women while acquiring of microloans.

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