ANALYTICAL ROLE OF TRUST IN MICROFINANCE SUCCESS IN EAST AFRICAN COUNTRIES
ANALYTICAL ROLE OF TRUST IN MICROFINANCE SUCCESS IN EAST AFRICAN COUNTRIES

Summary/Abstract: East Africa is an emerging market that has the potential to position the sub-Saharan Africa in the global context through the diverse and robust resources. One of the core drivers of economic feasibility and market metrics in the region is the effective development of microfinance across such countries as Uganda, Kenya, and Tanzania. The region’s economic environment is characterized with increased value-addition approaches to its agricultural sector and having the significant approaches to instill the relevant success connotations to diversify the industries including the informal sectors. The microfinance borrowers and users have the definite and expanded market in east Africa that conform to the needs of the people and align to the policies in the context of sustainable outcomes. Trust is a crucial virtue in understanding the effectiveness of microfinance in east African countries, including the critical assessment of the challenges and solutions. A publication on the subject requires that the roles of trust among the microfinance institutions and the stakeholders such as consumers and the government agencies are crucial part of the sustainable management practices (Odera, 2013). The focus of the discussion is on the roles of trust in ascertaining the success of microfinance in east African countries.

• Details
• Contents