Loan Recovery Management And The Level Of Poverty Among Beneficiaries (a Case Study Of Centenary Development Bank Lira Branch).

We need a loan every time we face a situation where we can not meet the ends and we need some kind of financial injection that will cure the problem especially in emergencies, getting a loan can really help and once the emergency is over, repaying that loan never feels like a burden. The origin of credit dates back to the early 1950s in India and early 1960s in East Africa when cooperatives societies used to give loans to their members (Dewees 1993, Pulley 1989). The management and repayments of these loans were tied to the sales of the borrowers' produce, which used to be done through the soc…