Volume: 19 Issue-01 (January-June) 2024

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THE IMPACT OF MICRO FINANCE PERFORMANCE IN UGANDA: A SYSTEMATIC REVIEW

ABSTRACT

This systematic review aims to investigate the impact of microfinance performance on socio-economic development in Uganda. Microfinance institutions (MFIs) have grown in popularity as tools for poverty reduction and economic development as a provision of financial services to low-income individuals and businesses. It has been used to alleviate poverty in many developing countries, including Uganda. However, the impact of microfinance on the performance of microfinance institutions (MFIs) in Uganda is poorly understood. This study conducts a comprehensive evaluation of current literature review aims to synthesize the evidence on the impact of microfinance performance in Uganda with a view to deliver valuable insights into the impact of (MFIs) as it helps improve the live of the low-income individuals and communities with the country. The article further analyzes the success of microfinance efforts in Uganda, with an emphasis on their contribution to important development indicators such as poverty reduction, job creation, financial inclusion and improve access to essential services such as education and healthcare. This review synthesizes findings from a comprehensive analysis of peer-reviewed publications, reports, and empirical research to offer insights into the extent to which microfinance programs have accomplished their desired outcomes in the Ugandan environment. The review also investigates the problems and constraints that MFIs confront in delivering meaningful impact. The findings present a detailed assessment of Uganda's current level of microfinance performance with recommendation for the most successful MFIs and policy makers that are well-managed, have a strong focus on financial education, and offer a variety of products and services.

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