The Impact of Micro Finance Institutions on the Socio-Economic Lives of People in Zimbabwe

Margaret Mutengezanwa (), Fungai B. Gombarume (), Kosmas Njanike () and Anxious Charikinya ()
Additional contact information
Margaret Mutengezanwa: Bindura University, Zimbabwe
Fungai B. Gombarume: Bindura University, Zimbabwe
Kosmas Njanike: Bindura University, Zimbabwe
Anxious Charikinya: Bindura University, Zimbabwe

Annals of the University of Petrosani, Economics, 2011, vol. 11, issue 1, 161-170

Abstract: 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.

Keywords: micro finance; empowerment; socio economic; sustainable development (search for similar items in EconPapers)
JEL-codes: A14 G21 O16 O43 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://upet.ro/annals/economics/pdf/2011/Mutengezanwa-Gombarume-Njanike.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:11:y:2011:i:1:p:161-170

Access Statistics for this article

More articles in Annals of the University of Petrosani, Economics from University of Petrosani, Romania
Bibliographic data for series maintained by Imola Driga ().