Micro finance institutions provide financial services to their clients. With reference to the above, explain the importance and significance of microfinance institutions in the operation of small businesses in Uganda.
2006-11-13 05:10:50 · 3 answers · asked by Anonymous in Business & Finance ➔ Small Business
Reduce volunarability to economic risk
Increases social relations among groups in clusters
Provides food security
2006-11-16 01:28:36 · answer #1 · answered by Florence O 1 · 0⤊ 0⤋
These are institutions who lend very small amounts of money (£20-50) to allow people to start up very small businesses that are mandatory for the infrastructre of the country... an example might be someone opening a shop selling food in an area where there is none .. or someone opening a bycycle re-cycling centre to help others to start their own business. This money is lent on a very low rate of interest to enable these small businesses to get off the ground.
2006-11-13 13:16:44 · answer #2 · answered by Robert W 5 · 0⤊ 0⤋
explain the importance of this blindingly dull question?
2006-11-13 13:13:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋