Browsing by Author "CHEROTICH VICTOR"

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    THE EFFECT OF MICROFINANCE SERVICES ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN BUKWO TOWN COUNCIL, BUKWO DISTRICT
    (Uganda Christian University, 2025-09-04) CHEROTICH VICTOR
    This study investigated the effect of Micro finance services on the performance of small and medium enterprises in Bukwo Town council, Bukwo District . Employing a cross-sectional design with a mixed methods approach, the research collected both quantitative and qualitative data. Quantitative data were analyzed using stratified random sampling and purposive sampling, while qualitative data were used to complement and explain the quantitative findings under descriptive statistics. The study specifically focused on three issues Types of microfinance services accessed by SMES, Relationship between microfinance services and financial performance and challenges faced by SMES in accessing and utilizing micro finance services. A total of 200 respondents participated in Small and medium institution. The response rate of 57% ensured reliable and representative data for analysis. Descriptive statistics revealed moderate to high agreement among respondents that micro finance services align with Town council priorities, timely disbursement of funds occurs, and monitoring activities are regularly conducted. Correlation analysis revealed significant positive relationships between Micro finance services on the performance of small and medium enterprises (r = 0.54, p < 0.01), Types of microfinance services accessed by SMES (r = 0.61, p < 0.01), Relationship between microfinance services and financial performance (r = 0.72, p < 0.01). These findings indicate that effective planning, proper implementation, and consistent monitoring of Microfinance services contribute substantially to enhancing performance of small and medium enterprises within the Town council setting. The qualitative data further supported these results by highlighting the role of stakeholder engagement during planning, adherence to procurement guidelines during implementation, and the importance of audit feedback during monitoring in promoting SMES. The study was grounded in Agency Theory, which emphasizes the need for monitoring mechanisms. The study recommends strengthening stakeholder participation, improving expenditure controls, and institutionalizing regular monitoring and feedback mechanisms to further improve Performance of small and medium enterprises in Bukwo Town council ,Bukwo District