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Metropolitan Journal of Business and Economics

The Influence Of Financial Advice On The Growth Of SMEs. A Case Of Finca Uganda Limited, Mukono Branch

Authors: Nakalembe Rashidah1 , Babriye Shamirah2

Journal: Metropolitan Journal of Business and Economics (MJBE)

Volume/Issue: Volume 5 - Issue 2

Published: 01 Jan 1970


Abstract

The study investigated the influence of financial advice on the growth of Small and Medium Enterprises (SMEs) accessing services from FINCA Uganda Limited, Mukono Branch. The research examined how financial literacy training, business planning guidance, investment advice, and financial management counseling influenced SME growth indicators including revenue growth, asset accumulation, market expansion, and employment creation. A descriptive cross-sectional survey design was employed, involving 196 SME owners and managers who had accessed financial services from FINCA Mukono Branch. Data were collected through structured questionnaires and analyzed using Pearson correlation and multiple regression analysis. Results revealed a significant positive relationship between financial advice and SME growth (r=0.781, p
Keywords

Financial Advice, SME Growth, FINCA Uganda, Financial Literacy, Business Planning, Microfinance

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