- ItemProduct planning and development on the output of small scale and medium enterprises in Uganda case study northern division Kabale municipality(International Journal of Academic Pedagogical Research (IJAPR), 2022-09) Akankwasa, Alex; Akakikunda, Teddy; Habaasa, Ivan Akatwijuka; Matsiko, Caroline Murezi; Mugisha, John SteveThe purpose of the study was to establish Product Planning and Development on the output of small-scale and medium enterprises in the Northern division of Kabale Municipality. The research study was guided by the following research objectives; to identify the problems experienced by small and medium enterprises in planning and development of new products in a competitive and depressed economy like ours, to establish the possible solutions for effective planning and development of new products in a competitive environment and to examine the relationship between product planning and development and output of small-scale Enterprise. The study deployed both qualitative and quantitative designs. The methods used in the collection of data included Questionnaires, focused group discussions, and interviews. The findings revealed that there is a high level of relationship between product planning and development and the output levels of small and medium enterprises in the Northern Division of Kabale Municipality. Product planning and development are very important for the increase in the level of output since it helps in enhancing increased sales volume and thereby leading to more revenue. Therefore, all the owners and operators of small and medium-scale enterprises should conduct research and innovation so as to be able to come up with new products that are in line with the needs of their consumers so as to be able to retain and maintain them. This can be realized by conducting marketing research and intelligence by moving in the field to establish the needs and the changes in the preferences of the consumers.
- ItemFinancial Inclusion and Economic Growth in Uganda A case study of Selected Districts in Western Uganda(International Journal of Advances in Scientific Research and Engineering (ijasre), 2019-10-10) Marus, Eton; Uwonda, Gilbert; Barigye, Godfrey; Ogwel, Patrick BernardThe 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.
- ItemFinancial Inclusion: Is it a Precursor to Agricultural Commercialization amongst Smallholder Farmers in Uganda? A comparative Analysis between Lango and Buganda Sub-regions(Journal of Economics and International Finance, 2020-11-17) Marus, Eton; Mwosi, Fabian; Ejang, Mary; Poro, Sammy GodfreyThis study examines the contributions of financial inclusion in supporting agricultural commercialization amongst smallholder farmers in Uganda in Lango and Buganda sub-regions. The researcher adopted a comparative study and cross-sectional survey design where descriptive, bivariate and multivariate data analysis was used. Chi square procedure was run to test the hypothesis that financial inclusion does not affect agricultural commercialization amongst smallholder farmers in Lango and Buganda sub-regions. Regression analysis was specifically used to predict the level of change in agricultural commercialization due to changes in financial inclusion. The study identified financial inclusion as one variable that can predict the success of agricultural commercialization, though it varies from one region to another. In Lango, efforts by government to increase financial access is a positive factor to agricultural commercialization while in Buganda, it is a negative factor. In Lango, land is communal and not individually owned. Therefore, smallholder farmers need to access finances to purchase land for commercial farming. In Buganda, however, land is freehold, which makes smallholder farmers to own chunks of land from their parents. The study has established some common factors that limit agricultural commercialization in both Lango and Buganda, that is, expensive equipment and fluctuating prices while poor infrastructure is no longer a big worry. This paper recommends that, financial service providers should revise their lending terms downwards to reach smallholder farmers, some of whom lack collateral security to pledge for credit. While the government takes credit for improving infrastructure, government, through her policy organs like ministry of agriculture, should provide buffer prices against price fluctuations.
- ItemFinancial 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, GilbertThe 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.
- ItemFinancial Accountability Mechanisms in Local Governments in Uganda: a case of Kabale District Local Government(Journal of Accounting and Taxation, 2021-04-20) Arinaitwe, Perpetua; Eton, Marus; Agaba, Moses; Turyehebwa, Abanis; Ogwel, Bernard Patrick; Mwosi, FabianThe purpose of the study is to present financial accountability mechanisms in local governments, with reference to Kabale district local government. A cross-sectional research design, which used both quantitative and qualitative approaches to collect and analyze data, was adopted. Both simple random and purposive sampling techniques were used to select 117 respondents from 174 subjects. Questionnaires and personal interviews were used to collect data from respondents. Frequencies and percentages were used to analyze quantitative data, while direct quotes from interviews conducted among key informants formed the basis for qualitative analysis. Quantitative analysis was aided by software for document analysis (SPSS V 20.0). The study found out that service delivery was the most commonly used financial accountability mechanism, followed by financial reporting, expenditure control and budget. The paper therefore, concluded that service delivery is the most used mechanism of financial accountability, though the district’s local budget seemed unclear on reflecting the priorities of the local people. This paper suggests that the local government should ensure that the district’s budget demonstrates community preference; salaries and wages should be paid in accordance with the district’s approved budget; expenditures on development should always be as per the approved budget, and the mode of financial reporting, particularly on liabilities should be standardized.