MICRO-FINANCE

This study sought to determine the intended and the actual usage of micro-credits by the micro-enterprises in Ukerewe district and to determine the extent of growth of micro-enterprises in Ukerewe district after accessing micro-credit. A cross sectional survey design that utilized both qualitative and quantitative research methods for data collection and analysis was used.Ukerewe District as the study area was used. A sample size of 50 respondents made of MWDA micro-entrepreneur borrowers was used.The results from this study revealed that 32%, 28%, 18%, 16% and, 6% of the respondents were involved in food vending, shop-keeping, tailoring, hair salon and charcoal businesses respectively. Results on actual and intended usage of loans showed that 85% of the respondents set aside part of the loan for emergencies. Respondents who acquired assets before investing in businesses were 78%.Growth was also evident in the increase in business incomes where 56% of respondents reported an increase in income between 31-40% and 20% of respondents had an increase in income ranging between 41-100%.

Autorentext

Dr Machogu holds B.Com, M.Com, Ph.D from Dr BRA University.He has lectured at Daystar, Maseno, Egerton and Baraton Universities in Kenya.Currently he is based at St Augustine University of Tanzania, Mwanza- Tanzania.His areas of interest are Financial Management, Cost and Managerial Accounting.