Banking services and growth of informal sector in Uganda: a case study of Makindye division Kampala:
Loading...
Files
Date
2018-05
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management.
Abstract
The topic of the study was banking services and performance of the informal sector
in Makindye division, Kampala. The study was guided by three specific objectives,
that included i) determining the extent of banking services; ii) level of performance
of informal sector; iii) the effects of banking services on performance of informal
sector in Makindye division, Kampala. This research employed descriptive
correlational design to describe the relationship between credit financing and
performance of micro-enterprises in Makindye division, Kampala.
The findings of the study indicated that, the overall mean on banking services in
Makindye division is 2.52 which fall under high, implying that the banking services
provided are satisfactory to the business individuals in Makindye division, Kampala.
The overall mean of 2.46 fall under high which gives a general implication that the
performance of informal sector in Makindye division, Kampala is generally high.
There is a positive weak effect of banking services on performance of informal sector
in Makindye division, Kampala since the sig. value (0.233) was less than 0.05 and
which is the maximum level of significance required to declare a significant effects in
social sciences. This implies that good and better banking services will improve the
level of performance of informal sector in Makindye division, Kampala, and
unsatisfying banking services reduces it.
It can be concluded that, the overall mean 2.52 implies that the banking services
provided are satisfactory to the business individuals in Makindye division, Kampala;
also that, the overall mean of 2.46 fall under high and implies that the performance
of informal sector in Makindye division, Kampala is generally high and that there is a
positive weak effects of banking services on performance of informal sector in
Makindye division, Kampala since the sig. value (0.233) was less than 0.05 and
which is the maximum level of significance required to declare a significant effects in
social sciences.
The researcher suggested that the banks should always provide services in form of
loans to informal sector for better informal sector performance; the banks should
always make sure that they provide business advice to the informal sector for better
performance; they should always provide bank services in form of saving people’s
money which will reduce the incidences of theft cases; the informal sector should
always make sure that the type of loans they get are properly invested to have
better returns and that the informal sectors should always make sure that the type
of loans they get have interest rates which do not threaten the growth of their
businesses.
Description
a research report submitted to the college of economics and management in partial fulfillment for the award of a bachelors degree of arts in economics of Kampala international university
Keywords
Banking services, informal sector, Makindye division Kampala