Contributions of Pride Microfinance Institution in the development of the fishing sector around Butiaba landing site on Lake Albert in Buliisa district

Abstract

This study was organized under the topic: Contributions of pride microfinance institution in the development of the fishing sector around Butiaba landing site on L Albert in Buliisa district. The study was guided by the following research questions: What is the contribution of Pride-microfinance institution in the development of the fishing sector around Butiaba landing site? What is the contribution of training services in the development of the fishing sector around Butiaba landing site? And what is the relationship between savings and the development of the fishing sector around Butiaba landing site? The literature review was organised based on the roles of Short term loans, savings and training services towards the development of the fishing sector around Butiaba landing site. Gaps identified include: poor fishing and preservation methods, poor transport net work, inadequate capital among fishermen to boost the fishing sector and others. A descriptive research design was used since some knowledge existed about the topic of study. From a population (N) of 55 people, a sample (n) of 48 elements/people was selected since less time and resources were required. Interviews and questionnaires were some of the methods and tools that were used in the study espectively to collect data. Data analysis, presentation and discussion of findings were done using SPSS program. It was established that most fishermen fall in age brackets of (31-40) and (40-50) years, some are educated and others are not. Fishermen purchase fishing equipments like nets, mobilize transportation of fish, improving on hygiene and others using the short term loans provided by PMI. Summary, conclusions and recommendations of the study included: Fishermen, other people around Butiaba landing site and PMI staff were covered in the study. Problems like poor infrastructure, limited capital and poor hygiene are faced by fishermen and PMI. It was concluded that PMI contributes to the development of the fishing sector around Butiaba landing site and the researcher recommends improvements on road transport and security around the landing site so as to improve on the fishing sector