Research method methodology Proposal Example | Topics and Well Written Essays - 3000 words

Method methodology - Research Proposal Example By structures we mean primarily banks and other financial institutions, insurance companies, trust funds, investment houses, stock exchange and savings and credit cooperative societies (Sacco’s). Microcredit is offered through Sacco’s to boost the government’s endeavor in availing financial services and create a vibrant and globally competitive financial sector that will create jobs and also promote high level of savings. Microcredit is ways of empowering citizens with assistance to stabilize their investments to enable them prosper and improve their standards of living. It also contributes to entrepreneurs’ spirit by provision of advice and close monitoring of their businesses or investments. Statement of the problem Before the introduction of micro credit institutions, banks were the only financial institutions offering financial services. Due to the collusive oligopoly situation created by banks their services became only accessible to a certain group o f people who had a high level of income. Their interest rates and the limited amount to be borrowed were high and one required collateral to qualify. The accessibility of their bank loans and close monitoring of their investment was a problem for many investors. ... res why citizens have not yet fully taken advantage of this incentive yet the introduction of this SACCOs was aimed at raising their financial capabilities through investment. General objective The main objective of the project is to evaluate how microcredit institutions have facilitated in eradication of poverty in many countries. Specific objectives To establish whether the micro credit loans are easily accessible to as many citizens’ world wide, to establish whether citizens once granted the loans, utilize the same in investment and if so, do they save the returns from investment? To determine whether the investments improve their wellbeing status in the society, that is, to reduce the absolute poverty levels in the community. To establish whether the interest rates on the loans offered by the microcredit hinders them from expanding their business ventures and to find out the relationship between micro-finance institution services and business growth. Limitations of the stu dy Limited time to collect enough data may result to inadequate information thus affect overall outcome. Data collection and documentation will require adequate financing which if not amply provided may adversely affect the efficiency of data colllection. Some respondents may not be willing to give accurate information due to little knowledge in areas of research. Significance of the Study The study will be of great import to the citizenry to appreciate the presence of micro-credit departments in Sacco’s. The study will help micro-credit institution clearly understand where they are failing as far as small business operations are concerned and improve on their current practices. The study will help the government appreciate the role played by micro-credit on development of small businesses and