Abstract:
The aim of the study was to assess the role of financial accessibility in improving urban
household livelihood improvement in the case of Dire Enchini Micro Financial Institutions for
last five years where the issue needs immediate stakeholders’ interventions as urban household
financial beneficiary’s livelihood improvement is not significant. The research used explanatory
design in nature and employed both qualitative and quantitative approaches. For attainment of
objectives of the research, both primary and secondary data were obtained using different data
collection instruments including survey questionnaires, KII and FGD. Moreover, random
sampling was used to sample clients of MFI in the town while purposive sampling was used to
identify informed, experts and authorized bodies of MFIs in the town to identify participants of
KII and FGD respondents. Out of total 340 target populations, 180 clients of MFIs in the town
were randomly selected and contacted through survey questionnaire to realize the research. The
collected data was carefully processed and analyzed using SPSS v-20 to obtain relevant findings,
arrive on conclusions and to forward helpful recommendations. The survey result indicates MFIs
financial accessibility has a role in improving urban household livelihood in terms of better
education, health, sustainable job creation, generate own income, well-being improvement,
better housing and social networking to different dimensions and extents. Despite improvement
on these variables, urban household in the town did not improved in the natural resources like
land and water resource accessibity as a result of financial accessibility. Based on the above
findings it was recommended to MFI, urban households and other stakeholders to further
improve MFIs’ service, expand financial resource accessibility, proper management of financial
resources, making awareness on the issue, and provide training of urban households on
financial resource management to improve urban household livelihood in the town trough
financial accessibility.
