Understanding the Complexity of Writing a Literature Review on Microfinance

Institutions in Uganda
Embarking on a literature review concerning microfinance institutions in Uganda presents a unique
set of challenges. This task is not only about summarizing existing research but also involves a deep
dive into the complexities of financial systems, socioeconomic impacts, and the diverse landscapes of
Uganda's microfinance sector. The intricate process requires a critical analysis of a wide range of
sources, including academic papers, reports from international organizations, and studies conducted
by local institutions.

The Multifaceted Nature of Microfinance in Uganda

Microfinance institutions (MFIs) in Uganda play a crucial role in providing financial services to the
unbanked and underbanked populations, contributing significantly to economic empowerment and
poverty alleviation. However, understanding the impact, effectiveness, and challenges faced by these
institutions involves navigating through various dimensions such as regulatory environments, market
dynamics, cultural factors, and technological advancements. Each of these aspects offers a rich yet
complex array of information that needs to be meticulously analyzed and synthesized.

The Challenge of Accessing and Synthesizing Information

One of the primary challenges in crafting a literature review on this topic is accessing current and
relevant information. Many studies and reports may not be readily available, or they may be
published in languages other than English, which can limit accessibility for researchers. Furthermore,
synthesizing this vast amount of data into a coherent narrative that accurately reflects the current
state of microfinance in Uganda demands a high level of expertise and understanding of both the
local context and broader financial inclusion strategies.

The Need for Expert Assistance

Given the complexities involved, producing a comprehensive and insightful literature review on
microfinance institutions in Uganda can be a daunting task, especially for those who may not have
extensive experience in the field of microfinance or the regional specifics of Uganda. This is where
the value of professional assistance becomes evident.

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However, there has been no attempt to systematically map the risks that the sector faces and
understand the extent to which they pose a threat to a vibrant and healthy microfinance sector. Parts
of a essay assignment jobs in kenyaResearch paper about homelessness romeo and juliet assessment
how to type an essay in mla format dissertation layout template. Feb 16 2008. Mapping Exercise.
Mapping of the existing microfinance sector in Nepal, along with geographical and outreach
overview. The Case of Non-profit Organizations, Working paper, Yale School of Management.
Waterfield and Ramsing (1998) define management information system as a series of processes and
actions in capturing raw data, processing the data into usable information and disseminating the
information to users in the form needed. The study used mixed research method to study 450
customers from 13 microfinance institutions (MFI) registered by the Central Bank of Kenya. Within
Hofokam, respondents were stratified into two; members of staff and directors on the board. The
biggest challenge for everyone involved in the industry has always been to see a perfect
microfinance industry thus igniting a lot of debate on various aspects of the industry. Out the sample
size of 52 members of staff, 47 were actually seen and for the identified 3 board members, the
researcher could only access only one as a respondent. The project included the provision of
microfinance and training of clients on human and legal rights ibid. To achieve the main objective of
the study, the researcher used descriptive statistics. Questionnaires and interview guide were used to
collect data from the respondents. It is not unusual for several major stakeholders to be represented
on the board. Microfinance literature reviews Welcome to Lewisburg Baptist Church. Growth of
Microfinance Industry in Ethiopia (December 2001-September 2008). The multiple regression
analysis indicated the variables explained 63.7% of the independent variable which indicate that they
significantly explain the variation in the dependent variable. This was attributed to increased volume
of business coupled with expenditure control during the period under review. The target population
will comprise of 59 MFIs who are listed as members of AMFI Kenya. A sample of the staff members
and the board was selected to represent each of those categories in the study. The available evidence
suggests that both micro-credit and micro-savings have a generally positive impact on the health of
poor people, and on their food security and nutrition, although the effect on the latter is not observed
across the board. It is a better measure in this context because ROA is self reported and does not
necessarily include the value of donations, in-kind subsidies and inflation that MFIs should be
incorporating in this ratio. Unlike the typical rating agencies that rate the riskiness in issued debt,
microfinance rating agencies rate the overall performance of the MFI in terms of outreach and
sustainability. She adds that not all microfinance institutions have a management information system
that covers all the mentioned areas. Internal audit helps to identify problem areas and to avoid major
collapse by promoting independent, objective assessment of the appropriateness of the organization’s
internal governance structure and operating effectiveness. The capital from whole sale money lenders
despite not being enough was very expensive. That explains the relatively low correlation between
the MIS and the performance of the Hofokam Limited. Both primary and secondary data sources
were accessed through questionnaires, interviews, and review of available documents about
microfinance performance and factors affecting it. Compared to the total client estimation of about
100,000 in 1996 for instance the industry by 2008 was serving over three million people (Uganda
Microfinance Industry Assessment, 2008). Since MFIs don’t intermediate voluntary savings as a
way of raising capital for on lending, availability of cash resources is so paramount if any business in
form of lending is to have a smooth happening. The findings can help management to intensify
initiatives to encourage greater understanding and acceptance of the concept of intellectual capital
that boosts performance in the industry.
The repayment of the credit facilities is usually through monthly instalments. Questionnaires were
used to collect primary data and data collected analyzed using correlation and presented through
tables. It is critical to address the issues limiting the performance of MFIs otherwise the MDGs of
poverty eradication may never be achieved. Barbie - Brand Strategy Presentation Barbie - Brand
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37 Quotes on Developing and Maintaining a Creative Company (fr. It was found out that the system
cannot handle the growing business demands with 68.8% of the respondents supporting that position
while 20.8% of the respondents were not sure. The above response from the manager explains why
16.7% of the interviewees realized that the financing expenses are ever growing. Download Free
PDF View PDF See Full PDF Download PDF Loading Preview Sorry, preview is currently
unavailable. To do this, top managers need information more than ever before. Bruce, 1999 stresses
that response rate is one of the most critical factors used to determine study quality and adds that a
response rate of 75% is appropriate. The research sought to explore two specific objectives which
included; to determine how accessibility of microfinance banking services influences financial
inclusion in Kenya and to establish how affordability of microfinance banking services influences
financial inclusion in Kenya. Additionally, the potential of system fraud is a possibility as long as the
MIS can easily be manipulated by the users leading to loss of funds and also the data integrity. To
browse Academia.edu and the wider internet faster and more securely, please take a few seconds to
upgrade your browser. Apart from the long lead times, 100% of the respondents noted that the cost
of capital of the MFI was relatively higher compared to the other players in the industry and in the
process a majority of the respondents (50%) were not sure of whether to term the relationship
between the MFI and its creditors cordial or not. This implies that Hofokam Ltd employees are
mostly youthful and presents an opportunity for a long term talent development and management
which is so crucial in an industry where talent is hard to develop and even more importantly
maintain. It was recommended that microfinance service be extended to unreached areas and
increase emphasis on training and savings. It begins with the response rate and background
information of the respondents. The regulatory and institutional framework has improved
significantly over the years yet still the Micro-finance institutions are faced with lots of challenges
including extensive poor performance, alleged corruption and malpractices. To the policy makers, the
findings of the study would be of help as they regulate microfinance activities. With the availability
of internet and VPN, inter linking branches with Head Office is possible. A survey was conducted on
Remu Microfinance in Embakasi Constituency. The loans are backed by moral collateral; the promise
that the group stands behind each loan Global Development Research Centre, 2005. Though a
positive relationship was found to exist between MIS and the MFI performance, it was not
statistically significant to influence the performance of the MFI as some respondents observed that
the MFI had managed to grow with the current MIS software which had no major negative effect on
the current state of performance of the institution. The theories anchoring the study comprised of
Risk Management Theory, Extreme Value Theory, Credit Risk Theory, and Capital Market Theory.
Out of the 48 respondents, 2 had a certificate of education all of whom were office attendants, 10
had ordinary diplomas, 30 possessed Bachelor’s degrees with 5 having post graduate qualifications.
To obtain data on the factors affecting the performance of MFIs, Hofokam Limited was used as a
case study. Out the sample size of 52 members of staff, 47 were actually seen and for the identified 3
board members, the researcher could only access only one as a respondent. Funding has no direct
impact on the performance of the MFI. Nyarko Download Free PDF View PDF Towards enhancing
Business Survival and growth rates In LDCs: An exploratory study of the drivers of business failure
among SMEs in Kampala-Uganda Edith Basalirwa Download Free PDF View PDF GEORGE
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Publishing The Effect of Employee Competence on Performance of Microfinance Institutions in
Nakuru Town. Parts of a essay assignment jobs in kenyaResearch paper about homelessness romeo
and juliet assessment how to type an essay in mla format dissertation layout template. The study used
an unbalanced panel data of 29 banks over the period 2000-2014 and the panel corrected standard
error (PCSE) regression model is used so as to account for heteroscedasticity.
Hartarska (2004) defines microfinance as the provision of loans and other financial services to the
poor. My supervisor Mrs Pross Oluka Nagitta for being available for me and helping me shape my
thinking in the field of research. Firstly, all those that are non-deposit taking such as credit only
institutions, NGO’s or other non-deposit taking initiatives. This implies that funding has a negative
relationship with performance of MFIs, though not significant in regards to Hofokam. To obtain data
on the factors affecting the performance of MFIs, Hofokam Limited was used as a case study. The
researcher intends to provide an insight into the factors affecting the performance of microfinance
institutions. In addition, the success factors are provision of services which were appropriate and
consistent with customers ’ situation and needs, character-based lending, frequent v. They add that
Management Information System is one of the most critical but least understood elements of a
successful MFI and that more MFIs are starting to embrace the technology so as to improve their
work. This is intimately tied to their primary businesses of managing credit and accepting deposits.
To browse Academia.edu and the wider internet faster and more securely, please take a few seconds
to upgrade your browser. Below mentioned are few great sources from which you can guide you
through your microfinance literature review 1- World Bank — International Finance Corporation
Their main purpose is to find opportunities that will help enable a more economically stable
environment. The aim of this research is to examinehow IC dimensions, specifically, customers,
structure, human, and socialcapital, influence MFIs performance. The more numbers of the target
population that an MFI serves, the higher the rate of success it is deemed to have achieved.
Qualitative data from interviews was reviewed thoroughly, sorted and classified into themes and
categories which were presented with selected direct quotations from the participants. Majority can
afford at least three ordinary meals per day and special meals thrice per week. The study took the
form of a survey, getting information about the factors affecting the performance of microfinance
institutions with Hofokam Limited being the case study. To browse Academia.edu and the wider
internet faster and more securely, please take a few seconds to upgrade your browser. Management
Information Systems maintain large amounts of crucial business data, from basic client information
to detailed analysis of portfolio statistics. Breadth of outreach was measured by the logarithm of the
number of active borrowers; that is, borrowers with active loans. However, it was found out that
when CRS pulled out of granting free capital to the MFI, a lot of financing gaps were realized by the
MFI as it meant the need to look for other options was the only way forward. Since then the
microfinance industry has experienced a continuous growth. Mcgraw connect homework
answersMcgraw connect homework answers. Consequently, the trend of profitability was not healthy
and encouraging, a statement supported by 52.0% of the respondents. This involved reading journals,
articles, books to compare and summarize findings in this area. Auditing mitigates or detects the risks
that the MFI is exposed to thus in a way sustainability is safe guarded because of minimal loss of
capital through fraud and other risks. This is evidenced from the value of the Pearson correlation (-
0.045) - which is way below 1, and the significance value (0.762), which is far greater than 0.05, the
level at which the relationship was tested. Low income customers are more likely to borrow from
institutions they see as financially viable (Zeller et al., 2003). Further, the study employed regression
analysis to infer their relationships. The effect of this change in the capital structure greatly had an
impact on costs as the financing expenses went up but also due to the stringent market funds, the
MFI could not get all the funds it needed from the whole sale lenders and commercial banks to meet
the available demand on time. You can download the paper by clicking the button above.
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investment increased to 6 per cent and cost effi. This meant that some challenges with the system
remained due to the inability to access the vendor physically. It enabled the measurement of how
well MFI performance was considering the factors affecting it. Thus, the broader definition of
microfinance includes not only microcredits but also other financial services, which can be offered to
the poor. Most financial service providers eventually outgrow the facilities they start with. The study
adopted a case study design, where both qualitative and quantitative approaches were used. A case
study at Alutkot SACCO, Oyam District Amwonya Aggrey 2019, Academia Financial inclusion
today is about financial markets that serve more people with more products at a low cost. A survey
was conducted on Remu Microfinance in Embakasi Constituency. As MFIs expand and reach a
critical stage of growth, they find they cannot sustain their growth with only donor support (Bogan,
2008).There are various ways that an MFI can access funds for capital, including; debts accessed
through loans, equity, equity investment funds, securitization of the loan portfolio and deposit
mobilization (Ledgerwood, 1999). It is the extent to which the organization achieves its intended
outcome (Pettigrew, 1992). The repayment of the credit facilities is usually through monthly
instalments. A good management information system in the MFI facilitates easier cash-flow
management and forecasting, timely information regarding portfolio risk, real time performance
updates, more efficient accounting procedures, and simplified external reporting. The research
objectives were to determine the impact of access to microcredit on household wellbeing and the
effects of business development services towards household wellbeing. The chapter also includes the
summary of the literature about the study. What she actually receives in return for fulfilling those
obligations are; fixed amounts of loans for productive activities usually determined by the longevity
of her relationship with the MFI rather than her financial needs, emergency loans for consumption
subject to approval from her group (Srinivasan and Sriram, 2003). With full commercialization of
microfinance, the services are now largely offered as a business. Growth of Microfinance Industry in
Ethiopia (December 2001-September 2008). Further readings could be done on other demographics
such as sex, marital status and location of the clients. The impulse of this research is to assess the
development of microfinance in the Madina area. Specifically, the study was to shed light on their
poverty status and their demographic characteristics. As Maes and Foore, 2008 noted, MIFs are
facing challenges of limited products and high operational costs. To answer the research questions
correlation and regression analysis were used. The respondents also stated that the clientele of the
MFI was not huge enough given the potential available. 68.8% of the respondents found the clientele
base of the MFI lacking given the potential in its areas of operation. CEE has a positive impact on
financial performance but a negative impact on financial stability. This is mainly attributed to
improved risk management systems and compliance with on site examination recommendations. You
can download the paper by clicking the button above. These good business practices should be in
place before any MFI even thinks about MIS software. This was attributed to increased volume of
business coupled with expenditure control during the period under review. Fifty respondents were
interviewed and ten of these were Board and employees of Microfinance Institutions. Data was
collected using self-administered questionnaires and analyzed using the Statistical Package for
Social Sciences (SPSS V.16) and Excel software to generate descriptive statistics.
The effect of this change in the capital structure greatly had an impact on costs as the financing
expenses went up but also due to the stringent market funds, the MFI could not get all the funds it
needed from the whole sale lenders and commercial banks to meet the available demand on time.
They added that Hofokam had managed to grow over the years with the current system that is why
22.9% of the respondents found the MIS reports useful to the day today running of the MFI.
However, just like most MFIs in Uganda, Hofokam is yet to adequately reach and serve the desired
market. Download Free PDF View PDF International Journal of Finance Financial Risk Management
Practices on Financial Performance of Microfinance Institutions in Kiambu County, Kenya Alice
Jerono Purpose: MFIs are subject to financial risks, just like all other financial institutions. The MFI
should focus on improving the efficiency of doing business in terms of areas of operations, getting a
reasonable staffing level that the resources can accommodate and even more importantly ensure that
all members of staff in the credit department are well utilized for the purpose of having a quality
loan portfolio which is productive. The study examined that women who accessed the loans from
MFIs were able to improve their socio-economic status through starting up and or expanding
investments and enterprises, paying school fees for their children, purchase of household items like
furniture, land and solar installation, building of houses, confidence building, participation in
leadership roles etc. A case study at Alutkot SACCO, Oyam District Amwonya Aggrey 2019,
Academia Financial inclusion today is about financial markets that serve more people with more
products at a low cost. Despite the fact that the MIS software was found to be user friendly, cost
effective, it was also found wanting in a way that there was no technical support from the supplier of
the MIS to address the challenges faced, the MIS lacked robust controls to mitigate loss of funds
through fraud and required a lot of manual manipulations to sufficiently cover all areas of reporting.
It is the extent to which the organization achieves its intended outcome (Pettigrew, 1992). The
strategic leadership and guidance of management is carried out by the board meaning that the way
the board is composed in terms of membership affects the direction the MFI will take. Unlocking the
Power of ChatGPT and AI in Testing - A Real-World Look, present. The bank believes that adequate
regulation and supervision of these institutions can play a key role in economic development. This
study confirms that the three intellectual capital elements are strong predictors of financial
performance and they account for 47% of variance in performance. You can download the paper by
clicking the button above. The degree of alignment of the board and shareholder objectives is
measured in the empirical corporate governance literature by the proportion of outside or
independent directors on the board. It was found out that the MFI was gradually growing in size and
also expanding its operational areas and to effectively realize the full purpose of the auditing
function, its staffing had to match the size of institution. Within Hofokam, respondents were
stratified into two; members of staff and directors on the board. Even though a microfinance
institution exits to primarily do money lending business to clients thus igniting the need for financial
resources to be available, it is not a critical success factor for Hofokam Limited. This is because
delayed decision making in MFIs are so fatal that sometimes become meaningless due to being
overtaken by events. Among the other components, SCE has a negative impact on financial
performance and financial stability. A sample of the staff members and the board was selected to
represent each of those categories in the study. To browse Academia.edu and the wider internet faster
and more securely, please take a few seconds to upgrade your browser. As a result liquidity short
falls were realized which affected the MFIs ability to serve their intended market due to lack of
funds to serve the new clients and also the existing clients with growing loan sizes. The findings of
the study reveal that Microfinance Institutions operating in Loro Sub-county, Oyam District provide
services like training and skills development, credit facilities and savings mobilization, banking
facilities, supervision and monitoring of the clients, provision of agriculture finance. However, there
are two other major issues that will be examined in this section of the study, reaching the poor and
financial sustainability. Working with heights course poetry writing prompts creative love usc
doctorate in creative writing. You can download the paper by clicking the button above. The
successful implementation of electronic submission of returns was accomplished by MDIs in
February 2007. Corporate performance is affected by board diversity as corporations with high
proportion of women and ethnic minorities perform better, according to a study of the largest fortune
1000 companies (Carter, Simmons and Simpsons, 2003).