Efects of Covid-19 on Micro Finance Loan Recovery: A Case Study of Lethego “U” Ltd Kabale Branch.
The potential of microfinance in promoting economic growth in both developed and developing countries is widely accepted and documented by both scholars and policymakers. The effect of COVID-19 19 especially in developing countries, has been identified as a major stumbling block for their survival as it has pushed them back hence the impending realization of this potential. The study was about the Effects of Covid 19 On Microfinance Loan Recovery: A Case Study of Letshego Microfinance Kabale Branch. The study examined the effect of Covid 19 lockdown on loan recovery schedules of customers, collateral security for loans advanced, and the size of installments paid by borrowers in Letshego Microfinance. The study adopted a descriptive survey design that was appropriate for researchers seeking to describe the relationship between Covid 19 On Microfinance Loan Recovery performance estimates and make predictions. The researcher surveyed a population of 60 that consisted of 35 employees and 25 accessible clients from the Letshego microfinance Kabale branch. The researcher obtained the company data extracted from annual reports and accounts for the periods selected, to obtain the information that enabled him to achieve the objectives of the study. The study findings indicate that 4 7(90%) of respondents argued that COVID-19 has greatly affected Kabale Letshego microfinances' loan recovery schedules though there were some respondents 5(10%) who were opposed to the augment. 41 (79%) of respondents showed that Covid 19 had greatly affected collateral security pledged by clients in the Letshego microfinance Kabale branch, though there was 11(21%) opposed the view and the biggest percentage of respondents argued that there is a great effect of Covid-19 lockdown on the size of installments paid by borrowers in Letshego.
Tumwesigye, Isaac Kahire (2022). Efects of Covid-19 on Micro Finance Loan Recovery: A Case Study of Lethego “U” Ltd Kabale Branch. Kabale: Kabale University.