Affects Of Credit And Saving Microfinance On User‟S Economic Improvement: The Case Of Busa Gonofa Micro Finance, Ambo District, West Shoa Zone, Oromia Regional State

Abstract

The main objective of the study was to investigate affects of credit and saving microfinance on user’s economic improvement focusing on Busa Gonofa microfinance in Ambo district. The design of the research was descriptive and explanatory research. Stratified sampling technique was implemented. The data was analyzing by using descriptive statistics (frequency, mean, standard deviation) and finally the study also used linear regression and Correlation (the Pearson Product Moment Correlation Coefficient. The finding indicated that there is less loan conditions and the economic improvement is lacked financial managements skill. From the findings of the study the following points were recommended as Busa Gonofa microfinance in Ambo district and affect of credit and saving microfinance on user’s economic improvement advised to fund the money in the right time without delay for users the affect of credit and saving microfinance on user’s economic improvement is advised to improve interest rate on borrow and Busa Gonofa microfinance in Ambo district and users economic improvement is advised to create better loan conditions for the CASMFI user.