MJAAR

Financial Literacy And Poverty Management In Rural Areas: A Case Of Kyamuhunga Peoples Sacco, Bushenyi District

Kato Justus, Irumba Alex


Abstract

This study examined the relationship between financial literacy and poverty management among rural communities served by Kyamuhunga Peoples SACCO, Bushenyi District, Uganda. The study was guided by three specific objectives: assessing the effect of budgeting knowledge on poverty management; examining the effect of savings and investment knowledge on poverty management; and evaluating the effect of credit and debt management knowledge on poverty management. A cross-sectional survey design was applied to a sample of 130 SACCO members selected through systematic random sampling. Data were collected using structured questionnaires and analysed using descriptive, correlation, and multiple linear regression techniques in SPSS version 27. Findings showed that budgeting knowledge (β = 0.358, p < 0.001), savings and investment knowledge (β = 0.319, p < 0.001), and credit and debt management knowledge (β = 0.241, p = 0.002) were all significant positive predictors of poverty management, with the regression model explaining 66.2% of variance in poverty management outcomes (R² = 0.662). The study concluded that financial literacy is a critical enabler of poverty management in rural Uganda and recommended integrating structured financial literacy programmes into SACCO operations, school curricula, and community outreach initiatives in Bushenyi District.

Keywords

Financial Literacy Poverty Management Budgeting Savings Investment Credit Management
Metropolitan Journal of Academic and Applied Research

Cite This Article

Kato Justus & Irumba Alex (2026). Financial Literacy And Poverty Management In Rural Areas: A Case Of Kyamuhunga Peoples Sacco, Bushenyi District. Metropolitan Journal of Academic and Applied Research, 5(6). https://journals.miu.ac.ug/pages/article.php?article_id=647

More in This Issue

View full issue →
16
Executive dominance and its effect on parliamentary committee effectiveness in Uganda
Dr. Arinaitwe Julius1 , Akampulira Sarah2 , Nabaasa Desire3
executive dominance parliamentary committee effectiveness Uganda oversight
17
Financial Management Practices And Growth Of Small And Medium Enterprises: A Case Study Of SMEs In Mbarara City
Dr Ariyo Gracious Kazaara
Financial management Working capital SME growth Budgeting
18
Financial Performance And Internal Controls Of Saccos In Wakiso District
Jjingo Timothy1 , Irumba Alex2
Internal Controls Financial Performance SACCOs COSO Framework
19
Financial Risk Management And Financial Performance Of Commercial Banks In Uganda: A Case Study Of Centenary Bank Mukono Branch
Mugyenyi Mathew, Kabanda Richard
Financial Risk Management Credit Risk Liquidity Risk Operational Risk
20
Household Poverty And Ancillary School Costs As Drivers Of Primary School Dropout In Uganda
Dr. Mategeko Betty1 , Ahumuza Audrey2 , Dr. Twinomujuni Rosebell3
Household Poverty And Ancillary School Costs