The microfinance credit services on the Performance of SMES in Makindye East Division: a case Study of United Bank of Africa UBA-Kananga branch
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Date
2018-09
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
SMEs are the drivers of the Ugandan economy for they make up close to 90% of the businesses in Uganda. Despite their major role in the Ugandan economy, an SME is yet to list on the Uganda Securities Exchange (USE). All the companies currently listed on USE are large companies. There are many obstacles to SME participation on Uganda's capital markets major among which is a lack of informational disclosure. Information disclosure is a critical requirement of capital markets. This arises from not only the fear of disclosing sensitive information on the part of the business owners but also a lack of both human and institutional capacity to meet the disclosure requirements of the capital markets. However empirical evidence shows that private equity and debt capital which ranges from business angel to venture capital financing can provide a platform upon which SMEs can tap into the potential of Uganda's capital markets. Private Equity and debt markets offer specialized mechanisms that address the difficulties associated with SMEs. The financial intermediaries that operate in these markets actively screen, contract with, and monitor the small businesses they invest in over the course of their relationships.
Description
A Dissertation Submitted to the College of Economics and Management in Partial Fulfillment of the Requirements for the Award of a Bachelor's Degree of Business Administration Accounting and Finance of Kampala International University
Keywords
Microfinance, Credit services, SMES, United Bank of Africa