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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