Effect of Addis Saving and Credit Institution Funding on Poverty Reduction: Case Study In Targeted Woman Headed Households In Kirkose Sub City, Addis Ababa.

Abstract

The main purpose of the study is to assess the effect of Addis saving and Credit Institution Funding on Poverty Reduction particularly for Woman Headed Households in Kirkose Sub city. The study applied explanatory research design. Both quantitative and qualitative research approaches were used to collect data through the utilization of a questionnaire and interviews respectively. A total of 231women headed ACSI clients were participant in the study. Primary and secondary data were used to find out the research output. To generate the output of the study results the statistical software version 20.0 was used and analyzed and interpreted accordingly. The finding of the study reveal that microfinance helped the poor in many respects such as serving as a buffer against shocks, as an instrument of consumption smoothing. It also helped households to increase their income and assets and help them increase consumption expenditure and develop savings habits. Moreover, the findings of the study suggest that Addis credit and saving institution has been playing important role towards expanding the outreach performance of its service. Furthermore due to ACSI intervention 40% of households confirmed that the overall household income increased. In addition to this, business management skills, self-esteem and the self-confidence of participants have shown progress due to the involvement of Addis credit and saving institution. To sum up though microfinances has a paramount role in helping and improving the life statues of women headed households in kerkos sub city there are also things related to administrative issues awareness creation and investment opportunity should be improved from the concerned body.