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DETERMINANTS OF FINANCIAL CRISIS AMONG HOUSEHOLDS IN KAMPALA DISTRICT: A CASE STUDY OF KAWEMPE SUB-COUNTY (Issue 6)

This study looks into what causes financial crises in Ugandan homes, concentrating on
the effects of education level, kind of job, and sex of family head. The study's goals
are to investigate the connection between these independent variables and the
development of financial crises and to shed light on the precise functions played by
each component in ensuring the monetary health of households.
The study uses a mixed-methods methodology that combines quantitative analysis with
a sample of 100 participants, a review of the pertinent literature, and a sample of one
hundred participants. To analyze the relationships between parameters, the data
analysis uses logistic regression, correlation analysis, descriptive statistics, and
bivariate analysis.
The study's conclusions show a strong correlation between financial crises and
household characteristics in Uganda, including education level, kind of profession, sex
of the household's head, and profession. Financial crises are found to be less likely to
occur in countries with higher education levels. Economic security is aided by stable
jobs, but households led by women are more susceptible to financial crises than are
families headed by men.
These findings are in line with the body of research that emphasizes the value of
financial knowledge, job stability, and empowerment of women in fostering household
resilience to financial stress. The study's findings highlight the need for focused
initiatives to lessen the frequency and severity of financial emergencies in Uganda,
including improved financial education programs, higher job stability, and gender-
research.miu.ac.ug/publications 1816
METROPOLITAN JOURNAL OF BUSINESS & ECONOMICS (MJBE)
ISSN 1813-4238
Vol. 2 Issue 3, June - 2023, Pages: 1815-1836
inclusive regulations. The study contributed to the Development and implementation
of financial literacy programs to enhance financial knowledge and skills among
households. These programs targeted individuals at all education levels and focus on
building awareness of financial management, budgeting, and saving practices. More so
the study contributed to the Implementation policies and programs that empowered
women economically. This includes provided access to credit, financial resources, and
entrepreneurship opportunities, as well as addressing.

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