Financial Credit and Business Enterprises Performance of Small and Medium Enterprises (SME'S) in selected Business Entities of kisenyi-Kampala.
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Date
2015-06
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management Sciences .
Abstract
The study was to establish the relationship between financial credit and business
performance in selected business entities in Kisenyi -Kampala district- Uganda. It was
guided by four specific objectives, which included; i) to determine the level of financial
credit; iii) to determine the level business performance and iv) to determine the
relationship between financial credit and business performance. The study used a
descriptive correlation design that use both qualitative and quantitative methods of data
collection. The research tools that were used in the study included the following: (!)face
sheet to gather data on the demographic information (gender, age, marital status and
educational level) (2) researcher devised questionnaires to determine the levels of
financial credit and business performance. The response modes and scoring were as
follows 1); strongly disagree (2); disagree (3); agree (4); strongly agree, interviews were
the other data collection technique that was used by the Researcher. The findings
indicated that most respondents (60%) were female, aged 31-49 years, majoriti·es were
degree holders (50.4%), (66%) were married. As far as the level of financial eredit is
concerned, it was generally high meaning that respondents do get credits so as to finance
their businesses and this was indicated on average mean of 2.55 and the level of business
performance showed on average a mean of2.28 this was because of the interest rates that
they are supposed to pay after a given period of time. The findings also indicated a
positive significant relationship between political wars and rape (1=0.300, sig. =0.000)
indicating that the financial credit contribute signif1cantly to the business perfo.·mance.
From the findings and the conclusions of the study, the researcher recommends i) there is
need to uplift the competencies of the respondents as far as business is concerned ,ii)
There is need to reduce on the interest rates so that they can favor even low income
earners since it was found out that performance is low, iii) members should be trained
with skills in entrepreneurship & small business management hence to reduction of
poverty , iv) there is a need to reduce on the collateral securities that they ask people for
especially when they are going to borrow money so that someone can get enough
working capital and v) there is a need to improve on the managerial skills so that the
business boasts.
Description
A research report submitted to the College of Economics
and Management in Partial Fulfillment of the
Requirements for a Ward of a Bachelor's Degree in Procurement and Supplies
Management of Kampala
International
University.
Keywords
Small and Medium Enterprises, Financial Credit, Business Enterprises, Performance, Kisenyi-Kampala