Journal
Metropolitan Journal of Academic and Applied Research
MJAAR
Financial Literacy And Poverty Management In Rural Areas: A Case Of Kyamuhunga Peoples Sacco, Bushenyi District
Kato Justus, Irumba Alex
| Journal | Metropolitan Journal of Academic and Applied Research (MJAAR) |
| Volume / Issue | Vol. 5, No. 6 |
| Published | 30 June 2026 |
| ISSN | 3006-6417 |
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
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 →
36
The role of higher education institutions in modeling knowledge-competency partnerships for national development
higher education institutions
knowledge-competency partnerships
national development
structural equation modeling
37
The Role Of Micro Finance Interventions On Poverty Reduction In Mukono District: A Case Study Of Goma Lc1 Zone, Mukono Town
Microfinance
Microcredit
Microsavings
Microinsurance
38
The Role Of Mobile Money Banking In Promoting Financial Inclusion In Rural Areas: A Case Of Mobile Money Users In Mityana District
Mobile money banking
financial inclusion
rural finance
MTN Mobile Money
39
The Use of Donor-Funded Programs to Address Structural Gaps in Ugandan Public Service Delivery
donor-funded programs
structural gaps
public service delivery
Uganda
40
Working Capital Management And Financial Performance Of Saccos In Ngoma Town Council, Nakaseke District
Working Capital Management
Financial Performance
SACCO
Ngoma Town Council