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| Impact of Micro Credit Financing on Agricultural Production A case Study of Bundibugyo District In The Western Region Of Uganda
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Dr Ariyo Gracious Kazaara, Friday Christopher
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Abstract:
The study's goal was to determine the impact of microcredit funding on agricultural output. BRAC and HOFOKAM Uganda were the two main microcredit institutions in this study. Among the services provided are savings and credit, assistance with group formation, company information, and client training services. By utilizing the services, the farmers might increase their produce, increase their revenue, and reduce their rates of poverty. Despite MF's attempts to connect with farmers in rural communities, some farmers are still unable to take use of the services provided, their level of poverty is high, and their general well-being is also low. The general and specific objectives of the study were to identify the obstacles that prevent farmers in the Bundibugyo district from acquiring microcredit loans, to look into the challenges that microcredit institutions face when giving loans to farmers, and to speculate on possible solutions to these obstacles. The investigation relied on a descriptive case study research design and contained both primary and secondary data. Primary data was acquired using questionnaires that the researcher administered. The results were assessed in accordance with the goals and it was discovered that MFIs had made a bigger contribution to agricultural productivity in the region. The MF clients were able to enhance their production through the services provided, which in turn increased their income and decreased the level of poverty among them.
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