Browsing by Author "Faith, Jepkogei Telo"

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    The Effect of Budgeting On the Performance of Micro-Finance Institutions: A Case Study of Uganda Micro-Finance Limited (UML) Kampala Uganda
    (Kampala International University, bachelors degree in business administration, 2011-05) Faith, Jepkogei Telo
    This study was carried out to investigate on the effect of budgeting on the performance of micro finance institutions. It aimed at achieving the following objectives, to establish the impact of budgeting on micro finance institutions performance to identify indicators of performance in micro finance institutions and to establish the relationship between budgeting and performance of micro finance institutions. The study was carried out to establish the reasons why many micro finance institutions have continued to perform poorly despite management efforts to improve performance through training, recruitment, motivation, monitoring and evaluation. This was evidenced by low revenue collection and overspending compared to planned ones, over dependence of grants from the government, low morale and commitment of employees, claims and rumors from customers in respect to poor services offered to them like corruption and bribes. To collect the relevant data the researcher used questionnaires, interview and library research on relevant material. Data was analyzed by the use of descriptive methods such as percentage distribution and frequency distribution. The researcher found out that, budgeting has both positive and negative impacts on the performance of micro finance institutions, under positive includes high profits, and avoids delays in work reduction, in repair, maintenance costs and increase in relationship with external stake holders. Negative side it leads to misappropriation of resources, inefficiency utilization of resources, low profits and low productivity. According to the researcher's findings, the role played by budgeting in micro finance institutions included, better planning, increase in profit, high production and attain effective utilization of resources. The following area were suggested for further study, establishing the magnitude of the relationship between budgeting and performance of micro finance institutions, examining the influence of culture on performance of micro finance institutions.