Challenges Facing Officials of Microfinance: The Case of Amhara Credit and Saving Institution (ACSI), Ethiopia

Abstract

Microfinance institutions are the main agent of developmental program and in Ethiopia it is now characterized by dominant role towards alleviating of poverty. The aim of this study is to identify and highlighting the key challenges facing officials of microfinance institutions, a case of Amhara Credit and Saving institution, Ethiopia. A survey research design was adopted and relevant data for the study were collected from 100 officials of Amhara credit and saving institution through questionnaire. Descriptive statistics were employed for analyzing the data. The findings of the study showed that officials of the institutions facing several challenge emanated from system of the organization and from the side of clients. So, policy makers and the institution itself should give emphasis to avoid the challenges facing officials.

Keywords: Microfinance, challenges , officials