International Journal For Multidisciplinary Research
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 5 Issue 6
The Impact of Microfinance on Women Borrowers’ Livelihoods: A Case Study of BRAC Kabarole District, Western Uganda
|Author(s)||Nestor Basemera, David Mugambe Mpiima|
|Abstract||This study examined the experiences of poor women borrowers involved in BRAC microfinance initiatives in Kabarole District. Drawing upon empowerment theory, a cross-sectional study design was employed, with data collection conducted through interviews, observation and key informant interviews. Information was obtained from women borrowers who were selected through convenient sampling whereas interview guides were used to obtain key information from four group leaders and BRAC officials who were purposively selected. The study discovered that although, BRAC loans largely benefited women borrowers with multiple income sources, the expansion of accessibility to loans for women in far flung districts like Kabarole is economically empowering to women borrowers and increases women’s economic agency and productivity by providing highly needed capita for expansion. Access to BRAC credit facility has also improved women’s array of choices, improved their participation in decision-making, expanded their businesses and increased their appetite for individual loans which were previously seen as a masculine attribute. However, several challenges impeded the successful utilization of BRAC microfinance services by women. These included negative group dynamics, short repayment periods, and increased workloads for women, which reduced productivity. Additionally, some women misallocated their loans to address household needs, such as children's school fees and house renovations. In light of these findings, it is recommended that BRAC bank evaluates these challenges and develops mitigation strategies to fully empower women.|
|Keywords||women borrowers, empowerment, microfinance, decision-making, loan repayment, financial services, women entrepreneurs|
|Published In||Volume 5, Issue 6, November-December 2023|
|Cite This||The Impact of Microfinance on Women Borrowers’ Livelihoods: A Case Study of BRAC Kabarole District, Western Uganda - Nestor Basemera, David Mugambe Mpiima - IJFMR Volume 5, Issue 6, November-December 2023. DOI 10.36948/ijfmr.2023.v05i06.8839|
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