Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda
The study was conducted to examine the role of financial inclusion in economic growth basing on selected districts from western Uganda. The researchers adopted a cross-sectional survey design and both quantitative and qualitative approaches were used in data collection and analysis. The study used...
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| Format: | Article |
| Language: | en_US |
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International Journal of Advances in Scientific Research and Engineering
2020
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| Online Access: | http://hdl.handle.net/20.500.12493/444 |
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| author | Eton, Marus Gilbert, Uwonda Fabian, Mwosi Godfrey, Barigye Benard, Patrick Ogwel |
| author_facet | Eton, Marus Gilbert, Uwonda Fabian, Mwosi Godfrey, Barigye Benard, Patrick Ogwel |
| author_sort | Eton, Marus |
| collection | KAB-DR |
| description | The study was conducted to examine the role of financial inclusion in economic growth basing on selected districts
from western Uganda. The researchers adopted a cross-sectional survey design and both quantitative and qualitative
approaches were used in data collection and analysis. The study used simple random and purposive sampling
techniques to select a total of 194 respondents. The findings revealed that financial inclusion is significant in
supporting economic growth; it upholds equitable distribution of growth benefits, transforms peoples’ way of living,
enhances capital creation and empowers people to go for financial services that are germane to their needs. The study
indicated that Uganda’s population living below the poverty line is falling, which sounds precise in the context of
national income but very unseemly in the context of household income. While there are indicators of reduced
constraints to accessing to working capital, reduced constraints to accessing financial services, effective use of
economic resources to produce goods and services, those in business do not see the efficacy by government agendas
geared to supporting international trade or investment. The study, therefore, recommends that there is a need for the
government to review and redesign her policies on international trade business and support for homegrown
investments. There is a need for quantitative metrics to ascertain the extent to which household income is proportional
to national income. Several papers have recommended government interventions in financial accessibility. |
| format | Article |
| id | oai:idr.kab.ac.ug:20.500.12493-444 |
| institution | KAB-DR |
| language | en_US |
| publishDate | 2020 |
| publisher | International Journal of Advances in Scientific Research and Engineering |
| record_format | dspace |
| spelling | oai:idr.kab.ac.ug:20.500.12493-4442024-01-17T04:48:03Z Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda Eton, Marus Gilbert, Uwonda Fabian, Mwosi Godfrey, Barigye Benard, Patrick Ogwel Financial Inclusion, Financial Services, Economic Growth, Gross Domestic Product. The study was conducted to examine the role of financial inclusion in economic growth basing on selected districts from western Uganda. The researchers adopted a cross-sectional survey design and both quantitative and qualitative approaches were used in data collection and analysis. The study used simple random and purposive sampling techniques to select a total of 194 respondents. The findings revealed that financial inclusion is significant in supporting economic growth; it upholds equitable distribution of growth benefits, transforms peoples’ way of living, enhances capital creation and empowers people to go for financial services that are germane to their needs. The study indicated that Uganda’s population living below the poverty line is falling, which sounds precise in the context of national income but very unseemly in the context of household income. While there are indicators of reduced constraints to accessing to working capital, reduced constraints to accessing financial services, effective use of economic resources to produce goods and services, those in business do not see the efficacy by government agendas geared to supporting international trade or investment. The study, therefore, recommends that there is a need for the government to review and redesign her policies on international trade business and support for homegrown investments. There is a need for quantitative metrics to ascertain the extent to which household income is proportional to national income. Several papers have recommended government interventions in financial accessibility. Kabale University 2020-07-09T08:55:31Z 2020-07-09T08:55:31Z 2019 Article 2454-8006 http://hdl.handle.net/20.500.12493/444 en_US application/pdf International Journal of Advances in Scientific Research and Engineering |
| spellingShingle | Financial Inclusion, Financial Services, Economic Growth, Gross Domestic Product. Eton, Marus Gilbert, Uwonda Fabian, Mwosi Godfrey, Barigye Benard, Patrick Ogwel Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda |
| title | Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda |
| title_full | Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda |
| title_fullStr | Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda |
| title_full_unstemmed | Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda |
| title_short | Financial Inclusion and Economic Growth in Uganda A case study of selected districts in Western Uganda |
| title_sort | financial inclusion and economic growth in uganda a case study of selected districts in western uganda |
| topic | Financial Inclusion, Financial Services, Economic Growth, Gross Domestic Product. |
| url | http://hdl.handle.net/20.500.12493/444 |
| work_keys_str_mv | AT etonmarus financialinclusionandeconomicgrowthinugandaacasestudyofselecteddistrictsinwesternuganda AT gilbertuwonda financialinclusionandeconomicgrowthinugandaacasestudyofselecteddistrictsinwesternuganda AT fabianmwosi financialinclusionandeconomicgrowthinugandaacasestudyofselecteddistrictsinwesternuganda AT godfreybarigye financialinclusionandeconomicgrowthinugandaacasestudyofselecteddistrictsinwesternuganda AT benardpatrickogwel financialinclusionandeconomicgrowthinugandaacasestudyofselecteddistrictsinwesternuganda |