In this section it can be found the main results of the basic research on the “Developing of a training model in the strengthening of microfinance in Uganda” by having access to a set of publication.
ECONOMIC AND SOCIAL IMPACT OF THE MICROFINANCE IN THE SUB-SAHARIAN AFRICA
Microfinance services are rapidly expanding not only in Developing
countries but also in the Advanced ones as measures to promote
economic growth as well as social redemption in poor and backward areas.
The reason of the world-wide success is strictly linked to the character of "bottom-up"
development promoting human capital – the only available resource
in disadvantages regions – as well the individual’s responsibility in a
context where people have no access to the formal finance.
QUANTITATIVE MODELS OF ECONOMIC AND SOCIAL IMPACTS FOLLOWING THE INTRODUCTION OF THE MICROFINANCE IN THE SUB-SAHARIAN COUNTRIES
The purpose of the quantitative models is to estimate the possible effects that can follow from the
diffusion of the microfinance, and its services, in the Sub-Saharian African countries as policy-
measures to create development opportunities by improving poor and disadvantaged individuals.
The impact analysis is explaining through two models:
Economic Model - The effects on economic development, deriving from the granting of
microcredits to non-bankable individuals, interested in organizing micro-projects are
measured on the GDP per capita.
Social Model - The social effects are measured in terms of impact on human capital as they
are linked to the expected redemption of the individual-beneficiary who discovers greater
self-confidence as well an affirmation of his own dignity. It is assumed that the granting of
small loans based on forms of solidarity guarantee benefits from the value of the given
word and the sense of belonging to a community having social norms that are not wanted
or cannot be violated. The social effects that could be generated by microcredit should
contribute, therefore, to redeeming the individual from extreme poverty and improving
the quality of human capital, which is notoriously low in quality or non-existent in
The Sub-Saharian Africa (SSA) consists in the areas of the continent which are fully or partially located south of the Sahara desert. These countries are similar in traditions and cultures and contrast with the North Africa. These countries are: Angola, Benin, Botswana, Burkina Faso, Burundi, Capo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo Democratic Republic, Republic of Congo, Cote D’Avoire, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Uganda, Zambia, Zimbabwe