The role of microfinance deposit taking on the reduction of poverty amongst the youth in Kimaanya-Kyabakuza division: case study Kimaanyaa village

Abstract

The thrust of the study lies in knowing The role of Microfinance deposit taking institutions services (MDIs) on the poverty Reduction amongst the youth in kimaanya-kyabakuza division concentrating on kimaanya A. The review of Literature was collected using the set objectives which were, to examine the relationship between savings and poverty reduction amongst the youth, to examine the role of loans on boosting entrepreneurship amongst the youth and to establish the relationship between (MDI services) and poverty reduction amongst the youth in kimaanya– kyabakuza division. To archive the set objectives, the tools used in study in collecting data involved use of questionnaires, interviewing and secondary data got from various books from the library and from the internet which made data collection and analysis easier .The study involved 35 respondents of which 22 were males and 13 were females. The study revealed that males are the majority of the clients served by MDI services. Majority of the clients had been in the MDI services for above five years. Research found out that most of the youths fight poverty through getting loans from these financial institutions due to the low rates, through saving in financial institutions rather than at their homes. It was also found that MDI services offer training to few clients over loan usage