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Article
Author(s)
Paluku Kazimoto
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DOI:10.17265/1537-1506/2016.04.001
Affiliation(s)
Paluku Kazimoto, Ph.D., Faculty of Business Administration, Asia-Pacific International University, Saraburi, Thailand.
ABSTRACT
Microfinance institutions play a great role for small businesses activities, deposits, and loans to improve households and constrained people who are not reached by formal financial institutions. This study aimed to investigate on the microfinance services and economic growth of households in Lubumbashi. The study applied descriptive and correlation design. Questionnaire was administered to 125 respondents and simple random sampling technique was used to select them. With the use of statistical techniques applied for data analysis, it was concluded that there is a significant relationship between microfinance services and economic growth of households. From the results, it was recommended that microfinance services should not only be considered as credit and lending activities, but also include insurance, savings, and transactional services for money transfer.
KEYWORDS
microfinance services, economic growth, households
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