The impact of financial services on the performance of small and medium size enterprises :
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Date
2016-09
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
The purpose of this research was to determine the impact of financial services on the performances of small and medium enterprises in Wobulenzi trading centre Uganda. A cross sectional, descriptive and analytical research design was used. A correlation analysis between the business performances against loans usage and financial services was carried out to test the direction and strength of relationships between the study variables A regression analysis focusing on financial services was used to establish the extent to which the business performs. The study objectives were; to establish the impact of loan usage on performance in Wobulenzi trading
centre; to determine the impact of bank accounts usage on the performance of small and medium enterprises Wobulenzi trading center: to determine the impact of financial advice on the performance of small and medium size enterprises in \Vobulcnzi tradinc center. The findings indicate a positive relationship between financial services and business performances. This implies that if the business people have positive perception towards saving account, they are bound to trust the services offered to them in this Fashion and therefore enhancing business operation should be given more emphasis by Wobulenzi trading center. Findings further reveal that there was a negative relationship between business performances and financial advice collected to the traders that was when the level of customer’s high. customers may not demand more and therefore a clear strategy to reduce the business activities to be put in place. The study concluded that financial services significantly affect the performances of’ small and medium enterprises and therefore recommended that financial services increment should be emphasized in Wohulenzi trading center to improve business performance. There are little Fallow up on the by the banks on the bank loans given the traders hence causing a huge gap in the carrying out of the study.
Description
A dissertation submitted to the economics and management science as a partial fulfillment of tile requirements for the award of a Bachelors Degree of Economics and Applied Statistics of Kampala International University Uganda
Keywords
financial services, Small and medium size enterprises, Wobulenzi trading centre