Browsing by Author "Hope Kakivuna"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Financial accessibility and growth of SMEs in Kawempe Division Kampala
    (Uganda Christian University, 2026-04-22) Hope Kakivuna
    This study examined the relationship between financial accessibility and the growth of Small and Medium Enterprises (SMEs) in Kawempe Division, Kampala. The study was guided by three specific objectives: to establish the relationship between financial awareness and SME growth, to determine the effect of credit policy on SME growth, and to assess the influence of interest rates on SME growth. A quantitative research approach using a cross-sectional survey design was adopted. Data were collected from a sample of 52 respondents, including SME owners, government officials, and community leaders, using structured questionnaires.The findings revealed that financial awareness significantly contributes to SME growth by improving decision-making, budgeting, and overall financial management. Credit policies were found to positively influence SME growth, particularly through accessible application procedures and flexible lending terms. However, high interest rates were identified as a major constraint, limiting borrowing and reducing profitability among SMEs. Overall, the study concludes that while access to financial services is crucial, the conditions under which these services are provided greatly determine SME growth and sustainability.The study recommends enhancing financial literacy programs, designing SME-friendly credit policies, and regulating interest rates to create a more supportive financial environment. These measures would promote SME growth, employment creation, and economic development in Kawempe Division and Uganda at large