A critical analysis of the impact of mortgage transaction on Uganda’s economy

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Kampala International University,School of Law
This study was conducted in Central Uganda with the research entitled 'A critical analysis of the impact of mortgage transaction on Uganda's development. Uganda economy is smallholder agro-based employing over 80% of the population which is mostly rural. Women contribute the bulk (over 70%) of the agricultural labour force. Traditionally proceeds from these activities mostly accrue to men as they perceive themselves as owners of the land which women cultivate and as heads of households. On the other hand, a substantial proportion of men engage in either the informal self - employment or as wage earners in urban centres. This situation notwithstanding, the changing trends such as rapid urbanization, poverty and increasing number of female headed households has also contributed to an increasing number of women joining the commercial sector both formal and informal. Currently the proportion of women in the informal sector particularly in urban centres is almost the same as that of men. An increasing number of women are involved in trade, real estate and service sector; yet, the chances of accessing credit both in the formal banking and the informal sectors is premised on possessing tangible collateral in form of immovable and/or movable property. Mortgaging enables the individual property owner to raise other forms of capital mainly credit to undertake or continue with other economic activities because of its impact on capital accumulation (Mugume: 2004). Access to formal credit is premised on the existence of negotiable security and availability of a reliable stream of income to service the loan. In Uganda's context, the most suitable negotiable security is a title deed arising out of registered land
A research report submitted to the School of law in partial fulfillment for the award of a Bachelors Degree in Laws of Uganda in Kampala International University
mortgage, Economy, Uganda