Browsing by Author "Musema, Tofic"

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    The Impact of Microfinance Services on Clients in Addis Ababa: In the Case of Addis Credit and Saving Institution
    (A.A.U, 2011-06) Musema, Tofic; Duressa, Degefe (Dr)
    In Ethiopia, several micro finance institutiol1s have established and have been operating towards resolving the credit access problem of the poor particularly to those participants in the petty business, However, whether micro finance programs are bringing about desired changes is debatable and some argue that microfinance has been pushing the low-income people further into poverty, In light of this, this paper attempts to look at the impact of Addis credit and saving institutions services on its clients', In order to achieve this end the study assesses the interventions impact on ADCSI clients and the financial performance of the institutions while serving the poor. Quantitative and qualitative data were collected from the institution and its clients to test the following variables: creation of Employment, income generation, asset formation, fulfillment of basic needs and financial sustainability, Furthermore, in order to examine the financial performance of the institution while serving the poorest 5-year financial statement of ADCS1 is analyzed. The study finds that the services of ADCS1 are benefiting its clients; there is a significant difference between new and veteran clients in terms of fulfillment of basic needs, increased income, and asset formation and the difference is attributed to MF participation. In addition, the study reveals that ADCS1 is financially and operationally self-sufficient Key Words: Microfinance intervention, poverty alleviation, financial self-sufficiency