Gender Analysis Of Access To Credit And Repayment Performance By Rural Small Scale Farmers In Arua, Uganda

The access to finance by the poor is a prerequisite for poverty reduction and sustainable economic development of a country. As of 2009, only 15 per cent of the population in rural areas of Uganda used banking services and just 7 per cent were served by other formal institutions and nearly half of the population was relying on informal financial arrangements (mostly friends and relatives), while 31 per cent lacked access to finance of any kind (IFAD, 2013).