The study was designed to define that microfinance affects the acquisition of household assets. The
respondent households were asked questions about the loan to invest in assets. About 3% of households invested the loan in buying land, and about 15% of them borrowed money from MFIs to buy farming equipment such as walking tractors, pumping machines etc. This reflects the mild effect of the micro-credit program on increasing household income. Furthermore, about 20% of households were found to buy TVs, mobile phones, pumping machines etc. by using the income from farming or business. Nevertheless, credit officers reported that a minority of households had sold property and land to repay the loans of MFIs.
The study was designed to define that microfinance affects the acquisition of household assets. Therespondent households were asked questions about the loan to invest in assets. About 3% of households invested the loan in buying land, and about 15% of them borrowed money from MFIs to buy farming equipment such as walking tractors, pumping machines etc. This reflects the mild effect of the micro-credit program on increasing household income. Furthermore, about 20% of households were found to buy TVs, mobile phones, pumping machines etc. by using the income from farming or business. Nevertheless, credit officers reported that a minority of households had sold property and land to repay the loans of MFIs.
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The study was designed to define that microfinance affects the acquisition of household assets. The
respondent Households were asked questions About the loan to Invest in Assets. About 3% of households invested the loan in buying land, and about 15% of them borrowed money from MFIs to buy farming equipment such as walking tractors, pumping machines etc. This reflects the mild effect of the micro-credit program on increasing household income. . Furthermore, about 20% of households were found to buy TVs, mobile phones, pumping machines etc. by using the income from farming or business. Nevertheless, credit officers reported that a minority of households had sold property and land to repay the loans of MFIs.
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