THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE
This paper reports on the findings of an exploratory research whose main purpose was to investigate the impact of micro finance institutions on the socio economic lives of Zimbabweans. The study sought to establish whether micro finance empowers the poor and reduces poverty. The study was conducted...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2011-01-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | http://www.upet.ro/annals/economics/pdf/2011/Mutengezanwa-Gombarume-Njanike.pdf |
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| author | MARGARET MUTENGEZANWA FUNGAI B. GOMBARUME KOSMAS NJANIKE ANXIOUS CHARIKINYA |
| author_facet | MARGARET MUTENGEZANWA FUNGAI B. GOMBARUME KOSMAS NJANIKE ANXIOUS CHARIKINYA |
| author_sort | MARGARET MUTENGEZANWA |
| collection | DOAJ |
| description | This paper reports on the findings of an exploratory research whose main purpose was to investigate the impact of micro finance institutions on the socio economic lives of Zimbabweans. The study sought to establish whether micro finance empowers the poor and reduces poverty. The study was conducted through the use of eighty questionnaires randomly distributed to clients of five micro finance institutions. The study revealed that there is a positive relationship between microcredit and the socio economic lives of people. It was found out that the activities of microfinance institutions resulted in increased social interaction and socio economic sustainability. |
| format | Article |
| id | doaj-art-5b6855d79b784989889cca4e30dd9ddb |
| institution | DOAJ |
| issn | 1582-5949 2247-8620 |
| language | English |
| publishDate | 2011-01-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj-art-5b6855d79b784989889cca4e30dd9ddb2025-08-20T02:43:36ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202011-01-01XI1161170THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWEMARGARET MUTENGEZANWAFUNGAI B. GOMBARUMEKOSMAS NJANIKEANXIOUS CHARIKINYAThis paper reports on the findings of an exploratory research whose main purpose was to investigate the impact of micro finance institutions on the socio economic lives of Zimbabweans. The study sought to establish whether micro finance empowers the poor and reduces poverty. The study was conducted through the use of eighty questionnaires randomly distributed to clients of five micro finance institutions. The study revealed that there is a positive relationship between microcredit and the socio economic lives of people. It was found out that the activities of microfinance institutions resulted in increased social interaction and socio economic sustainability.http://www.upet.ro/annals/economics/pdf/2011/Mutengezanwa-Gombarume-Njanike.pdfmicro financeempowermentsocio economicsustainable development |
| spellingShingle | MARGARET MUTENGEZANWA FUNGAI B. GOMBARUME KOSMAS NJANIKE ANXIOUS CHARIKINYA THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE Annals of the University of Petrosani: Economics micro finance empowerment socio economic sustainable development |
| title | THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE |
| title_full | THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE |
| title_fullStr | THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE |
| title_full_unstemmed | THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE |
| title_short | THE IMPACT OF MICRO FINANCE INSTITUTIONS ON THE SOCIO- ECONOMIC LIVES OF PEOPLE IN ZIMBABWE |
| title_sort | impact of micro finance institutions on the socio economic lives of people in zimbabwe |
| topic | micro finance empowerment socio economic sustainable development |
| url | http://www.upet.ro/annals/economics/pdf/2011/Mutengezanwa-Gombarume-Njanike.pdf |
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