Explain the uses for savings among the micro finance clients.

      

Explain the uses for savings among the micro finance clients.

  

Answers


Kavungya
i) Business uses
- Working capital
- Finance new business
- Buy business premises
- Asset financing - buy vehicles and equipment

ii) Non-business uses - consumption
- School fees
- Medical expenses
- Household consumption
- Purchase jewelry
- Wedding/funeral/etc
- Religious holidays

iii) Finance and assets
- Purchase family land
- Purchase housing
- Pay personal loan
- Other domestic uses
Kavungya answered the question on March 26, 2019 at 10:12


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