Community based savings microfinance and household income poverty eradication in Uganda: a case study of Busimbi Sub County, Mubende District

Abstract

This study establish the contribution of Community Based Savings Micro Finance to eradication of house hold income poverty in Busimbi Sub County Mubende district by assessing the contribution of Community Based Savings Micro Finance to household income poverty eradication among the people in Busimbi Sub County – Mubende district. The research was descriptive as it sought to analyze the contribution of Community Based Savings Micro Finance to household poverty eradication. The researcher used both qualitative and quantitative research methods so as to enrich the content of the findings. The qualitative approach was used to collect data from Focus Group Discussions among the leaders of Community Based Savings groups/individuals, and from key informant interviews with community leaders and opinion leaders. Quantitative methods were used to collect information from beneficiaries, their spouses and children in different households. Secondary data from the CBSMFs’ documents and records supplemented the findings. The study found that there are a number of CBSMF in Busimbi Sub County ranging from faith based, gender biased, occupational based to village based CBSMFs. Some of the faith based CBSMFs include Tusuubira Businziggo Christian Women’s Development group and St. Apollo Kivebulaya savings & credit group, the gender biased CBSMFs include Wabigalo United Women’s development group, the Occupational CBSMFs include Mubende Teachers Cooperative Savings and credit Society Ltd for government aided primary school teachers in Mubende district and Mityana Meat Suppliers Cooperative Saving and credit Ltd for the butchers while the village based include Katakala Twegatte Development group. CBSMFs have exclusive membership to a certain category with the aim of uplifting the standards of living of members that category.