The Impact Of Microfinance Services On Clients In Addis Ababa In The Case Of Addis Credit And Saving Institution

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In Ethiopia, several micro finance institutiol1s have established and have been operatingrntowards resolving the credit access problem of the poor particularly to those participantsrnin the petty business, However, whether micro finance programs are bringing about desiredrnchanges is debatable and some argue that microfinance has been pushing the low-incomernpeople further into poverty,rnIn light of this, this paper attempts to look at the impact of Addis credit and savingrninstitutions services on its clients', In order to achieve this end the study assesses therninterventions impact on ADCSI clients and the financial performance of the institutionsrnwhile serving the poor.rnQuantitative and qualitative data were collected from the institution and its clients to testrnthe following variables: creation of Employment, income generation, asset formation,rnfulfillment of basic needs and financial sustainability, Furthermore, in order to examinernthe financial performance of the institution while serving the poorest 5-year financialrnstatement of ADCS1 is analyzed.rnThe study finds that the services of ADCS1 are benefiting its clients; there is a significantrndifference between new and veteran clients in terms of fulfillment of basic needs, increasedrnincome, and asset formation and the difference is attributed to MF participation. Inrnaddition, the study reveals that ADCS1 is financially and operationally self-sufficientrnKey Words: Microfinance intervention, poverty alleviation, financial self-sufficiency

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The Impact Of Microfinance Services On Clients In Addis Ababa In The Case Of Addis Credit And Saving Institution

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