Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
The Role of Commercial Banks in Small Scale Entrepreneurial Development in Adjumani District, a Case Study of Centenary Bank
Mawadri David, Dr Arinaitwe Julius, Dr Ariyo Gracious Kazaara
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 2, No. 4 |
| Published | 30 April 2023 |
| ISSN | 3006-4384 |
Abstract
It is impossible to overstate the contribution of commercial banks to the fight against impoverishment. Commercial banks provide financial services to the active harmonica who were previously disregarded by traditional banks, in an effort to help them escape poverty. The goals were to determine the degree to which small businesses in the Adjumani District were able to obtain loans from commercial lenders as a significant source of financing for the economy, to ascertain the impact of financial literacy classes on the growth of small businesses, and examine the impact of commercial banks' participation of savings on tiny business expansion. The study was conducted using a harmonica-sectional study design. According to the study's conclusions, providing loans has a 94.7%, or high, influence on small-scale business growth, improving skills has a 95.5%, or high, effect, on small-scale business expansion, and mobilizing savings has a 12.7%, or low, effect. The investigator suggested that in order to maximize the value for loans, company activities should first secure security as collateral. Additionally, small businesses should receive more training from commercial banks, and savings should be improved by offering competitive financing rates and other appropriate measures.
Keywords
commercial banks
small scale businesses and entrepreneurial development
Cite This Article
Mawadri David, Dr Arinaitwe Julius & Dr Ariyo Gracious Kazaara (2023). The Role of Commercial Banks in Small Scale Entrepreneurial Development in Adjumani District, a Case Study of Centenary Bank. Metropolitan Journal of Academic Multidisciplinary Research, 2(4). https://journals.miu.ac.ug/pages/article.php?article_id=829
More in This Issue
View full issue →
6
Credit Financing and the Growth of Small and Medium Enterprises in Namungoona Trading Center
credit financing
small and medium enterprises
7
Design and Implementation of Graphic Illustration for the Management of Traffic by the Road Users (A Case Study Kampala Capital City)
graphic illustration
management and traffic
8
Determinants of Economic Growth in Uganda.
population growth rate
gross fixed capital information and government final
9
Determinants of Tax Compliance Among Savings and Credit Cooperative Organizations (SACCOS) in Mbarara City: A Case of Mbarara City, Western Uganda
Tax compliance
Tax system
Tax compliance costs
Tax deterrence sanctions
10
Effects of Urbanisation on Environmental Management in Uganda. A Case Study of Mpologoma Swamp, Kibuku District
urbanization and environmental management