3.7. LIMITATIONS OF STUDY
Although the exercise of data collection was successful, the
researcher faced some problems in the process of conducting this research;
· The researcher encountered constraint of time to carry
out time series data like those of financial self-sustainability that
ascertained earnings of each beneficiary. Collecting, compiling and submission
were not enough.
· Money was another constraint given that cost of
transport was high,interviewing beneficiaries was difficult and the researcher
faced difficulty in transforming responses to required information.
· There was a problem of little understanding of what the
questionnairesrequired from some of the respondents to low levels of education
of some beneficiaries of microfinance. Most of the time, it required the
researcher to be close to respondents to explain what was required in those
questionnaires.
· The researcher faced the problem of lack of commitment
of some respondents who reluctantly provided information on some ventures. It
was after some face to face explanation that the respondents were finally
convinced and free to talk their ventures during interview.
Observation these constraints required serious concentration
and decisions making evaluation on programs of the poor in rural areas. The
population was not covered because time allotted was not sufficient for the
study. Therefore the study was done on sample other than population.
CHAPTER FOUR: DATA ANALYSIS AND
INTERPRETATION
4.0: INTRODUCTION
This chapter deals with the data collected during the research
to enable the researcher fulfill the objectives of the study. It shows the
analysis, findings, interpretation and subsequent inferences from the data
researched. It summarizes into three parts:
Part I the profile of COPEDU Ltd,
Part II deals with COPEDU Ltd's managers and employees'
responses.
Part III deals with the views of beneficiaries ofCOPEDU Ltd
microfinance.
4.1: PARTI: PROFILE OF COPEDU Ltd MICROFINANCE
4.1.1: Historical background of COPEDU Ltd
COPEDU Ltd is a microfinance institution that offers savings
and credits services for its shareholders and customers. It is registered as a
company in Rwanda development Board (RDB) and licensed by the central bank
(National Bank of Rwanda).
It was initially called COOPEDU-KIGALI because its activities
were only limited in Kigali city and the former Kigali rural.
COOPEDU-Kigali was initialed by a non-profit organization
known as DUTERIMBERE a.s.b.l on 15th, June, 1997. Initially,
DUTERIMBERE a.s.b.l had a small savings and credit program and after its
rating. It was the creation of COOPEDU were the assessment of this program
showed that savings and credit services which were initially offered by
DUTERIMBERE a.s.b.l would have been more effective and efficient if they had
been offered within an independent cooperative institution. As a result, a
non-profit organization DUTERIMBERE a.s.b.l decided to be the primary promoter
of the recommended cooperative, by creating COOPEDU.
In 2005 COOPEDU-Kigali was licensed by BNR.
In 2008 COOPEDU-Kigali renewed its activities by computerizing
its system.
In 2009 COOPEDU-Kigali changed its name to COOPEDU by the
decision of its general assembly which was held in October 2009.
In 2012, general assembly of December 22 decided to transform
cooperative COOPEDU as a saving and credit cooperative into a commercial
company. However a public limited Liability Company known as COOPEDU Ltd is
registered by RDB.
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