Research Proposal on The Impact of Micro-Finance Institutions in Aliviation of Poverty in Rural Areas in Uganda.
The proposed title for this drafted proposal is The Impact of Micro-Finance Institutions in Aliviation of Poverty in Rural Areas in Uganda. This paper will show background information about the topic and will present the different methods, approaches and instruments to be used in order to ensure the success of the research.
2.0 Background of the Study
Microfinance has established itself as an integral part of financial sector policies of emerging and developing countries during the past 10 years (Hudon, 2008). As a result, it is now considered as one of the most promising tools in focusing on poverty in different developing countries. The interest with microfinancing derives fro the fact that the provision of financial services can contribute to poverty reduction, at the same time, pass the sustainability.
The studies of Sebstad and Chen (1996), Cohen (1997), Hulmen (1998), Ito (1998) and Cohen (1999) showed that microfinance interventions have a cital influence in reducing poverty, which consequently help to contribute to food security and improve the social relations. It is also showed that it can help to lessen the vulnerability to economic risk because it can help poor to diversify their sources of income, build up physical, human as well as social asset, pertains on good money management, reestablish the base of household in terms of income and assets, particularly after economic shocks and smooth the consumption.
3.0 Aims and Objectives
The main aim of the study is to analyze and study the impact of micro-finance institutions in aliviation of poverty in rural areas in Uganda. In line with this, the following are the specific objectives:
· To examine the current condition of poverty in rural areas in Uganda;
· To analyze the current status of micro-finance institutions in Uganda;
· To present the different roles of and benefits acquire from micro-finance institutions; and
· To evaluate the influence of micro-finance institutions in the overall economic and financial condition of rural areas.
This study will be exploratory in nature. Thus, it can help in order to study, examine, analyze or investigate something. It can also help in order to be familiar with something by testing it, thus it can also help in order to discover things. Therefore, it can help in order to gain only the degree of familiarity with the properties of substances and procedures that are needed in order to manipulate them, at the same time, achieve the desired effect or product. Overall, it can help to implement a study that is broad-ranging, purposive, systematic, prearranged undertaking, which can help to maximize the discover of generalizations, which consequently lead to description and understanding of a specific area of social or psychological life (Stebbins, 2001, 2).
With this, qualitative method will be used in the paper. According to Denzin and Lincoln (2005) “a situated activity that locates the observer in the world. It consists of a set of interpretive, material practices which make the world visible”.
With this, the researcher can acquire more sensible and practical feel of the world which cannot be experienced and acquired with the use of numerical data and statistical analysis, at the same time, obtain flexible ways of collecting data, analysis and interpretation of the collected data (Fryer, 1991).
This paper will mainly use secondary data. Thus, it will implement secondary research. Secondary research is also known as desk research involves the process of summarizing, collating and/or synthesizing the existing researches and literatures, rather than primary research or collecting from research subject or experiments (Crouch and Housden, 2003).
With this, theories, information and data from different literatures, articles, journals and textbooks will be used. Different online libraries will be used in order to access necessary resources, which include EMERALD, SCIENCE DIRECT, EBSCO, QUESTIA and GOOGLEBOOK. In addition, different websites of government organizations in Botswana and other countries will also be used.
Cohen, M. and Sebstad, J. (1999). Microfinance and risk management: A client perspective. AIMS, Washington DC.
Crouch, S. and Housden, M. (2003). Marketing research for managers: The marketing series, Chartered Institute of Marketing. Butterworth Heinemann.
Fryer, D. (1991). ‘Qualitative methods in occupational psychology: Reflection upon why they are so useful but so little used’. The Occupational Psychologist. 14, pp. 3 – 6.
Hudon, M. (2008). ‘Norms and values of various microfinance institutions’. International Journal of Social Economics. 35(1/2), 35 – 48.
Sebtad, J. And Chen, G. (1996). Overview of studies on the Impact of Microenterprise credit. AIMS.
Hulmen (1997). Impact assessment methodologies for microfinance: A review. Paper prepared for the virtual meeting of the CGAP working group on impact assessment methodologies.
Stebbins, R. (2001). Exploratory research in the social sciences. SAGE.
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