Microfinance institutions and development of small scale businesses in Uganda: case study of street vendors in Central Division Kampala District

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Date
2012-06
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Journal ISSN
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Publisher
Kampala International University; College of Economics and management
Abstract
The purpose of this study is aimed at finding out how microfinance institutions lead to the economic development of street vendors in Kampala district. The study analyzed the level of street vendors' business participation in micro finance activities and it critically shows the role of micro finance institutions in economic development of businesses. The researcher used a cross sectional design in finding out the level of street vendors participation in micro finance activities and its role in economic development. It also assessed the challenges that face the street vendors in accessing micro finance services. It was discovered and concluded whether street vendors barely access microfinance loans and services because they do not possess bank accounts; they lack collateral security which makes it difficult to acquire loans. However it was recommended that once well utilized, microfinance institutions have a big potential in economically empowering street vendors.
Description
A report submitted to the College of Applied Economics and Management Sciences in partial fulfillment of the requirements for the Award of the Bachelors' Degree in Business Administration From Kampala International University
Keywords
Microfinance institutions, Small scale businesses, Street Vendors, Uganda
Citation