Assessment of Microfinance Programs in Dodoma Region

Abstract

Microfinance has become an increasingly common method for alleviating poverty among low income groups in the community. In fact, most policymakers, donors, scientists and practitioners around the world emphasize the role of microfinance as a powerful tool for poverty alleviation. Over the past decade, a considerable amount of multilateral and bilateral aid has been channelled into microfinance programs in the developing countries with vary degrees of success. Like all development interventions, donors, governments and other interested parties demand an impact assessment to establish the achievements and failures of these programs. The study examined the impact of Leornard Cheshire International/People with Disabilities (LCI/PWDs) microfinance project serving the low income earners in Dodoma Municipality. An individual, household and institutional analysis (the unit impact analysis) was applied to ascertain the impact of microfinance in Dodoma Municipality. The results indicated that the project has positive impact to the clients and their families.