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 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.
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