SOCIO-ECONOMIC DETERMINANTS OF ERITREA’S SAVINGS AND MICRO CREDIT PROGRAM LOAN REPAYMENT PERFORMANCE: A CASE OF THE DEKEMHARE SUZ-ZONE (Published)
The Savings and Micro Credit Program of Eritrea was established to provide financial services to the poor and lower income individuals to enhance their business activities and alleviate poverty level. The study analyzed the socio-economic factors that affect the institution’s loan repayment performance and a sample of 140 beneficiaries was fixed from the Dekemhare Sub-Zone using the Stratified Sampling technique. A structured questionnaire was used to collect the primary data and descriptive statistics and the probit model were employed to analyze the data. Results of the regression analysis revealed that the level of education, loan amount and loan category have insignificant effect on the probability of the SMCP loan repayment. On the other hand age, gender, type of business and credit experience are significant determinants where age and type of business have negative relationship and gender and credit experience have positive relationship with the loan repayment probability
Keywords: Eritrea, Loan Repayment Performance, Microcredit, Microfinance, Probit, Savings and Micro Credit Program
Microcredit And Poverty Alleviation: Strategy For Women’s’ Economic Empowerment In Hududullah Microcredit Company Limited, Birnin Kebbi (Review Completed - Accepted)
Considerable concern has emerged on micro credit and poverty alleviation programmes; little has been explored with respect to microcredit and women empowerment. This paper examines the strategy for women’s empowerment by Hududullah Microcredit Company in Birnin Kebbi, with the view to ascertain the level of poverty reduction on women that are participating in the programme. A sample of 100 women were randomly were selected from a population of 500 women. Primary data was collected using interview method in other to avoid dialect and illiteracy problems. Collected data was analysed using frequencies and percentages on a tabular form. The findings reveal among others that loan was accessible to the women productively utilized by them and raised their level of economic self employment and reliance. Also repayments were successful
Keywords: Microcredit, Poverty Alleviation, Repayments And Credit Facility, Women Empowerment