Rural bank services and poverty alleviation in selected rural banks within Wakiso District, Central Uganda

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Kampala International University, College of Economics and Management
This study set out to assess the effect of Rural Bank services on poverty Alleviation in Wakiso District. It was guided by four objectives, including determining the; i) profile of the respondents; ii) level of Rural Bank services; iii) level of poverty alleviation; and iv) relationship between level of rural banking services and poverty alleviation in selected Rural Banks within Wakiso District. A descriptive correlation design was used involving 250 respondents and the researcher made use of questionnaires to gather data from 154 purposively sampled customers and staffs. Data analysis using SPSS’s means revealed a very high poverty level (mean=3.55) and a high level of bank services (mean=3.31). A significant correlation between level of poverty and loan services (r=0.935, sig. =0.000) and advisory services (r=O.964, sig. =0.000). The researcher concluded that the success of a microfinance program in terms of outreach, financial sustainability and/or socio economic impact depends on an interaction between the characteristics of the program itself and the context in which the program is implemented. The researcher recommended for formulation of an accommodative regulatory and legal framework that will stimulate provision of a wide range of demand driven products and services needed by the poor, a deliberate improvement of rural financial infrastructure by the government and linkage of rural banks with the formal financial institutions.
A thesis presented to the school of postgraduate studies and research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the degree of Master of Business Administration (Banking and Finance option)
Rural banking, Poverty alleviation, Wakiso District, Uganda