THE IMPACTS OF MICRO FINANCING ON THE PERFORMANCE OF WOMEN ENTREPRENEURS
CHAPTER ONE
1.1 Background Of The Study
Microfinance constitute the facilitation of financial services to meet the needs of low income individuals such as micro-entrepreneurs, through the provision of small loans (microloans), small
savings deposits (micro-savings), micro-insurance and enhancing simple payments services required by microentrepreneurs and economically active poor people who cannot gain access to financial services provided by the
formal banking sector.(USAID, 2000). The loans provided are small in amount and directed for entrepreneurial
ventures. The loans are collateral free and grouped based and mostly direct to women entrepreneur, generally with
low interest charges or interest free with a focus on women and poor clients The focus being shifted to women is due
to their ability to handle meager amount of money profitably (UNITUS, 2000
THE IMPACTS OF MICRO FINANCING ON THE PERFORMANCE OF WOMEN ENTREPRENEURS