Provision of Managerial Skills by Micro Credit Institutions and Sustainability of MSMEs During COVID-19 Pandemic in Kigezi Region South Western Uganda
The study looked at how the services provided by microcredit institutions affected the viability of micro, small, and medium-sized businesses in the Kigezi region of South-Western Uganda during the COVID-19 pandemic. The specific objectives were to: Examine the impact of microcredit institutions&#...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en_US |
| Published: |
Science Publishing Group
2022
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.12493/732 |
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| Summary: | The study looked at how the services provided by microcredit institutions affected the viability of micro, small,
and medium-sized businesses in the Kigezi region of South-Western Uganda during the COVID-19 pandemic. The specific
objectives were to: Examine the impact of microcredit institutions' provision of managerial skills on MSMEs' ability to survive
the COVID-19 pandemic in Uganda's Kigezi Sub-Region. The study was carried out in Uganda's Kigezi region. Six districts
make up the region: Kabale, Kisoro, Kanungu, Rukungiri, Rubanda, and Rukiga. Southwest Uganda is home to the Kigezi
region. Yamane's sampling formulas were used to calculate the sample size, which was based on a 5% level of precision.
Descriptive and cross-sectional surveys, as well as an additional interview, were used in the study to collect data from various
MSMEs records and panel procedures. A cluster sampling technique was used to choose the respondents from the businesses.
Enterprises' owners and managers were the units of inquiry due to their importance as custodians of information on all the
activities taking place in their respective MSMEs. The research population was separated into clusters (areas or districts) and
the appropriate sample was recruited using simple random sampling. The study used an interviewer-administered structured
questionnaire to collect the data. Results show that training in managerial skills has a significant impact on MSMEs'
sustainability The findings demonstrate a statistically moderately significant and favorable association between microcredit
institutions' provision of managerial skills and the viability of MSMEs (r=0.479**, p0.01). The null hypothesis was thus
disproved. This suggests that microcredit institutions' provision of managerial skills has a beneficial impact on the viability of
MSMEs during the COVID-19 epidemic in Uganda's Kigezi Sub-Region. The researchers advise emphasizing training
(managerial skills), especially in financial management to support their clients in regularly improving their business
performance, and most cases should be tailored toward the training needs of the clients. The study finds that increasing Saving
Accounts and Training in Managerial Skills will increase Micro-Credit Institutions Services. The researchers advise using
various marketing tactics as well as client sensitization |
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