Analyze the Research Proposal Essay
Proposal for Research Study Factors affecting the success rate of microfinance in Economic students association funding project By GROUP SEVEN the November 2010 DECLARATION We declare that this research proposal has not been submitted to any other institution for any academic qualification. By Group 7 members Date 4th November 2010 DEDICATION This proposal is dedicated to the ESA for its full support in ensuring the project’s success. TABLE OF CONTENTS Cover page Declaration Dedications Table of content Abstract Chapter one 1. 0 Introduction 1. 1background of study 1. 2statement of the problem 1. 3 purposes of study 1. 4Research questions 1. 5Significance of study 1. 6 scopes of study 1. Limitations of the study Chapter two 2. 0Literature review Research methodology 3. 0Research design 3. 1Study area 3. 2Data collection 3. 3Instruments of data collection 3. 4Data analysis and presentation 3. 5Methodology 3. 6Research tools Chapter four 4. 0Conclusions 4. 1Recommendations Appendix ABSTRACT The main problem that this proposal tends to address is the factors that affect the success rate of the ESA microfinance project. CHAPTER ONE 1. 0Introduction ESA was formed in 1987 to support students’ efforts in economic development and promoting financial excellence.
It further had to come up with a program for aiding needy students by providing microfinance. The objective of the program is to make finances accessible to students with financial constraints. 1. 1Background of the Study Since the formation of ESA, it has gone through different stages. Based on the learning by doing method, this program incrementally improved in management, process, implementation, and replication aspects to develop as a microfinance model by successful implementation and then replication to other areas.
A proposal is needed to document this process to identify and analyze the effects that will affect the success rate of coming up with the project. 1. 2Statement of the problem The research will investigate the effects of the project’s success rate to be funded by ESA so that the needy students will achieve aid for their continuity in their academics. 1. 3Purpose of Study The purpose of the study will be to document the microfinance model building and identify the effects that affect the success rates of the program and processes in this learning by doing method of improvement.
This Study will explain the circumstances through which this program faced different issues and problems related to the management process, loan appraisal, recovery system, write-off policies. In this context, this Study will strengthen and broaden the financial sector to address constraint practices and strategies among members. 1. 4Research question Upon the conclusion of the research, the following are the questions the researcher will have provided answers for; 1. What are the benefits of the project? 2.
Why should the funding be given to the needy? 3. What are the factors affecting the project? 4. What are the effects of the project? 1. 5Significance of this Study * To provide initiatives and capacities for needy students to survive and improve their academics and the kind of support they need in the university. * This Study will provide a way to strengthen and broaden the financial sector to address poverty reduction practices and strategies among the members. * It will enlighten other associations to offer microfinance assistance to their members. 1. 6The scope of the Study
The Study will be carried out within ESA Moi University-Main Campus to determine the factors that will lead to the success of the proposed funding project. 1. 7Limitations of the Study Some of the limitations include; 1. Lack of adequate time to cover all the members of ESA. 2. The members do not like to discuss personal issues. 3. Lack of cooperation from the members. 4. Lack of adequate funds to carry out the research. CHAPTER TWO LITERATURE REVIEW In this chapter, we shall discuss the factors that affect the success rate of the microfinance project. They include; a) Trustworthy
This is the ability of members to be trusted by the Association during the allocation of finance. For a person to be charged, they should be a responsible, honest, sincere person of high integrity and accountable for the liability. b) Misappropriation of funds and corruption This is how the top management of the Association misuses the funds available to fund the needy students. This arises through the use of money for personal gains. For instance, the Association can outsource funds from charitable organizations and donors, which would have been used to finance the needy students, the management misuses the funds. ) Recovery time of the funds This is the time whereby the borrowed finance can be refunded back. This time depends on the financial ability of the borrower. Therefore, a more financially stable member is given a limited time to repay, and members who delay refunding the amount back may bring inconveniences to the Association; hence, the financing progress may be affected.
d) Adequacy of funds An association with adequate funds will always find it easy to provide loans to the needy members of the Association. These funds can be raised from; * Membership subscriptions * Renewal of membership * Well-wishers Grants and donations from big organizations * The university itself. e) Commitment of the members: A member is considered better than others when they are an active attendant to the Association. This can be approved by regular payment of subscription and participation in all ESA activities. This will result in the success of the project. f) Biasness and Favoritism This is a situation where the top management of the Association tends to treat other members more important than others. This is clearly shown when top management has a vested interest in their friends and relatives instead of others.
This would bring a variation when it comes to issuing the funds. CHAPTER THREE This chapter will describe the research design, study area, data collection methods, data analysis, and presentation. 3. 0Research design It will be a descriptive cross-sectional design whose aim is to solicit information on factors affecting the success of the microfinance project. 3. 1The study area The Study is supposed to be carried out in Moi University-Main Campus within the members of ESA. 3. 2Data collection This is a process by which information is obtained from the subject of the Study under research. . 3Instruments of data collection The research instrument used in collecting data for its Study is as follows: 1. Interviews 2. Questionnaires 1. Interviews An interview is a set of questions that the researcher asks the respondent to gather reliable and relevant information. It can be structured or unstructured; in structured interviews, the researcher asks predetermined questions, while there are no predetermined questions to be answered in unstructured interviews. 2. Questionnaire These are designed set of questions written in a systematic order.
The questionnaire can be either open-ended or closed-ended, and they need to be simple. Questionnaires will be convenient since it is a large number of samples at a short time and its information is accurate and reliable. 3. 4Data analysis and presentation Data collected was edited to block any possible errors before analysis. The researcher will analyze the data to show how many members are needy, and this data will be analyzed manually. 3. 5Methodology The Study’s methodology will explain the process of changes through analysis of secondary data, interviews, and focus group discussions. . 6Research Tools 1. Secondary data includes the ESA Constitution 2. Interviews from different sections of ESA management 3. Focus group discussions from the group seven members CHAPTER FOUR 4. 0 CONCLUSION It is correct to conclude that ESA microfinance should be a supportive source of funds for the needy students in the economics students association. 4. 1RECOMMENDATION i. Measures should be put in place to curb students who practice dishonesty. ii. The microfinance committee should not be corrupt while giving out the loans. iii.
Microfinance should be sent to institutions faster to avoid inconvenience for the student. APPENDIX I RESEARCH TIME FRAME Below is the schedule that will be used to conduct the research. Time Activity 28th September to 29th September Proposal writing 30th September to 2nd Oct. Preparation of instruments 3rd October to 5th Oct. Pre-testing instruments 7th October to 10th October. Data collection from 12th October to 16th October. Data analysis 18th October to 24th October Report writing 4th Nov. Submission of final report APPENDIX II