Factors influencing accessibility of micro-finance products by low income entrepreneurs in Rongo constituency Migori county

Abstract

This study sought to investigate factors influencing accessibility of microfinance products by low income enterepreneures in Rongo constituency Migori County. The objectives of the study was to examine the extent to which pricing influence access of microfinance products in Rongo Constituency, To determine how the ability to pay credit by the clients influence accessibility of microfinance products in Rongo Constituency, To investigate how information accessibility influence access of microfinance products in Rongo, To explore the extent to which accessibility of service providers influence access of microfinance products in Rongo constituency. The study took both a qualitative and quantitative with a descriptive approach as a research design. The sample size 152 was derived from solvens’ formular. data was presented and analyzed using SPSS and frequency tables. It was discovered that there was relationship between pricing of microfinance products and their accessibility of these product The study recommended that there is need to train more clients on microfinance and better ways of business. Areas of further studies could be on the accessibility of microfinance among female verses the male, there is need to investigate the repayment rates of the clients wand why there are low repayment rates among microfinance institutions. The study concluded that there is significant relationship between Availability of service providers and accessibility of microfinance product. The researcher suggested for further study.