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Contribution of microfinance on women empowerment case study of Vision Finance company ltd Nyaruguru

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par Albert RUTAYISIRE
Protestant institute of arts and social sciences - Bachelor's degree in Business studies with education 2016
  

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1.5. SIGNIFICANCE OF THE STUDY

Rwanda was encouraging the practice of microfinance institutions to enhance women empowerment especially in rural areas for the purpose of poverty reduction.

1.5.1. To the researcher

This study was important to the researcher as it equipped him with the knowledge on the contribution of microfinance institutions to the available data for women empowerment. It further helped in designating proper solution for identified problems

1.5.2. To the government and government agency

This study was an important element that helped the government policy maker, women council, and Nyaruguru district to assess if their planned goals for poverty reduction and empowering women are in process to be achieved. As to empower women is the key for poverty reduction, and will help to assess if the microfinance institutions contribute in women empowerment.

1.5.3. To the VFC ltd's management

The microfinance institutions are formed with the mission of providing financial and non financial services to the vulnerable Rwandese especially women through their small business. There are several Rwandan women who fall under the bracket of low income earners. Microfinance institutions aim at ensuring that all these citizens who are low income earners including women are catered for in terms of provision of financial services. It is therefore necessary for the institutions to understand the perceptions of the women on the contribution of the microfinance services they are offering and the level of awareness of the public on the existence of microfinance institutions and their services.

This information may be used by the management of the microfinance institutions in determining areas for improvement and to who empowered and determining the product that feat with the level of the clients, so as to ensure their success.

1.5.4. To the Academicians/ researchers

Little research has been done in Rwanda to directly identify the contribution of microfinance in economic change. Considering the benefits credited to microfinance institutions in economic development and the rapid development of these institutions, impact of microfinance has received attention of researchers and academicians. Therefore a study on the contribution of microfinance on women empowerment in Rwanda, with major focus on Nyarugurudistrict, may therefore attract researchers and academicians who are in need of educating more and providing solutions to lack of access to financial services in Rwanda.

The information from the study will also form basis for literature for other researchers and academicians who are willing to carry out studies in the same field in Rwanda.

1.6. SCOPE OF THE STUDY

1.6.1. Geographical scope

The research information wascaptured within VFC Ltd in Nyaruguru district,but as it was introduce their product in all sectors of Nyaruguru, the information gathered especially in the sampled sectors Kibeho, Cyahinda, Rusenge, Muganza, Nyagisozi, Ngera sector.Because, it is one of the sectors where VFC Ltd introduces their products.

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