Browsing by Author "Uwonda, Gilbert"

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    Cash Management and Financial Performance of Business Firms in Northern Uganda a Case of Lira District
    (The International Journal of Business Management and Technology, 2019-07-04) Eton, Marus; Uwonda, Gilbert; Mwosi, Fabian; Ogwel, Bernard Patrick; Obote, Dennis
    The study sought to establish the effect of cash management on the financial performance of business entities in Lira district. A cross-sectional study design was adopted and data was collected by use of structured and closed-ended questionnaires. Business owners who took part in the study confirmed high abilities in managing cash receivable, holding inventories, and properly generating sufficient cash for meeting immediate obligations. However, the study found that the aforementioned practices were not sustainable with time due to incompetence in forecasting receipts and payments. This led to the conclusion that cash management has an insignificant effect on financial performance. The study recommended that Business associations like the Uganda Chamber of Commerce, and Uganda Manufacturers Association, in addition to the Ministry of Trade and Commerce should consider providing training on cash management to existing and upcoming entrepreneurs to support them in developing cash management and other necessary business skills. There is also a need for business owners to consider hiring business experts who can use different statistical models to forecast business performance.
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    Financial Inclusion and the Growth of Small Medium Enterprises in Uganda: Empirical Evidence from Selected Districts in Lango sub-region
    (Journal of Innovation and Entrepreneurship, 2021-10-23) Marus, Eton; Mwosi, Fabian; Okello-Obura, Constant; Turyehebwa, Abanis; Uwonda, Gilbert
    The growth and failure of small and medium enterprises has been a topic of discussions world over among policymakers and researchers. This study was guided by the following objectives: to examine the contributions of small medium enterprises (SMEs), to determine the challenges affecting small medium enterprises, to examine how financial inclusiveness supports the growth of small medium enterprises, and to establish the relationship between financial inclusion and growth of small medium enterprises. The study used a cross-sectional research design. Descriptive design was used and supplemented by inferential statistics. Correlation and regression analysis were adopted. The study revealed that financial inclusion is significant in supporting SME growth. The study further also revealed that the cost of acquiring and servicing financial services is high; there is also difficulty in using some of the financial services, and the way financial providers treat financial users, some lacked some degree of respect and dignity. The study recommends that financial providers should continue sensitizing the public on the available financial services beyond credit services, which are common and known. Digital financial service providers should encourage their clientele to use digitalized financial services which are cheap, secure, and risk averse. The cost of capital should also be reduced to encourage borrowing while SMEs should innovatively produce goods that can be competitive at both domestic and international markets.