Microfinance Institution Services and Performance of Small and Medium Enterprises in Kabale District Uganda
This study evaluated the performance of small and medium businesses in Kabale District in relation to microfinance institution services. The precise goals were to determine how financial literacy education, managerial skill development, and marketing assistance provided through SME clubs and mar...
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| Format: | Article |
| Language: | English |
| Published: |
International Journal of Entrepreneurship and Business Management
2023
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| Online Access: | http://hdl.handle.net/20.500.12493/1200 |
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| Summary: | This study evaluated the performance of small and medium businesses
in Kabale District in relation to microfinance institution services. The
precise goals were to determine how financial literacy education,
managerial skill development, and marketing assistance provided
through SME clubs and marketing associations affected the
performance of small and medium-sized businesses. The study was
descriptive in nature, and the data collecting and analysis methods used
were quantitative. A questionnaire was used to collect data from a
sample of 71 different SME owners and other relevant informants.
Microsoft EXCEL and SPSS Version 22.0 were used to analyze the
data and produce both descriptive and inferential statistics. The study
concluded. Savings literacy, debt literacy, and investment literacy
programs helped business owners safely manage their income,
expenses, and savings, make clear financial decisions, repay loans on
time, and diversify their investments, all of which boosted the
performance of SMEs. By enhancing SME governance, boosting
business vision through achieved goals and plans, and inspiring
employees to work hard for better, the development of managerial
skills positively impacted the performance of small and medium-sized
enterprises. This ensured SMEs' capacity to compete, survive, and
thrive in a dynamic environment. The study further supported the idea
that SMEs performed better when marketing was facilitated through
SME clubs and marketing groups. |
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