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Pioneering Islamic microfinance in Uganda: a sustainable poverty alleviation approach

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dc.contributor.authorSsemambo Hussein Kakembo
dc.contributor.authorAbu Umar Faruq Ahmad
dc.contributor.authorAishath Muneeza
dc.date.accessioned2023-02-27T08:05:56Z
dc.date.available2023-02-27T08:05:56Z
dc.date.issued2022
dc.description.abstractMicrofinance has continued to receive positive consideration as a powerful and prospective tool needed in combating poverty and promoting financial inclusion among the poor and lower-income groups. It refers to the provision of financial services to poor and low-income people whose low economic standing excludes them from formal financial systems (IRTI, 2007). Microfinance institutions (MFIs) do enable the poor to gain access to financial services such as micro-credit, venture capital, micro-savings, micro-insurance, and money transfers on a micro level which enhances the involvement of those considered unbankable but with the acute need of financial assistance. Extending financial services to the poor not only enhances their household income and economic security, but also enables them to acquire assets and decrease their vulnerability thereby accelerating the demand for other goods and services in terms of health and education, thus leading to socio-economic development.en_US
dc.goalsGoal 1
dc.goalsGoal 8
dc.goalsGoal 10
dc.identifier.citationKakembo, S. H., Ahmad, A. U. F., & Muneeza, A. (2022). Pioneering Islamic microfinance in Uganda: A sustainable poverty alleviation approach. In M. K. Hassan, A. Muneeza, & K. N. M. Sonko (Eds.), Islamic finance in Africa: The prospects for sustainable development (pp. 249-272). Edward Elgar Publishing.en_US
dc.identifier.isbn9781802209907
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3746
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEdward Elgar Publishingen_US
dc.rights2022. The Editors and Contributing Authors Severally
dc.sourceSEDONA
dc.subjectInterest-free financeen_US
dc.subjectSustainable developmenten_US
dc.subjectPoverty alleviationen_US
dc.subjectIslamic microfinanceen_US
dc.subjectUgandaen_US
dc.titlePioneering Islamic microfinance in Uganda: a sustainable poverty alleviation approachen_US
dc.typeChapter in Booken_US
dlc.maintopicSustainabilityen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.goalGoal 1
ikr.goalGoal 8
ikr.goalGoal 10
ikr.licenseAvailable on the EBSCOHost eBooks platform.
ikr.topic.maintopicSustainabilityen_US
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relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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