Thesis & Dissertations(Doctoral & Master)

Permanent URI for this collection

http://localhost:4000/handle/20.500.12282/3093

Browse

Browsing Thesis & Dissertations(Doctoral & Master) by Author "Abigaba, Pellan"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Financial Literacy, Saving Culture and Sustainability of Community Based Saving and Credit Groups.
    (2023) Abigaba, Pellan
    The study was set to examine the relationship between financial literacy, saving culture and sustainability of community-based saving and credit groups in Kampala. The study was guided by three objectives namely To examine the relationship between financial literacy and sustainability of community based saving and credit groups in Kampala, To establish the relationship between Financial literacy and saving culture and To determine the relationship between saving culture and sustainability community based saving and credit groups in Kampala The study adopted a cross sectional design because the researcher collected data at one point in time. The study followed a quantitative approach since it is meant to test rather than generate theory and focused on describing and drawing inferences from the relationships of the variables. Quantitative research was used because it is conclusive in its purpose, as it tries to quantify a problem and understand how prevalent it is by looking for projectable results to a larger population. The unit of analysis for this study focused on community-based savings and credit groups in Kampala Nakawa Division, specifically targeting 463 groups (ReachOut, 2020). A sample size of 210 groups were selected from to participate in the study s as determined by Krejcie and Morgan (1970) and from each group one members of the management committee was selected. Purpose sampling was used to select the respondents. The researcher selected participants who share common characteristics to gain an in-depth understanding of a specific group or population preferably the chairperson and treasurer of the group. The study findings established that there was a positive and significant relation between financial literacy and sustainability of community savings and credit groups. The findings indicated a strong positive relationship between financial literacy and saving culture. This implies that that as financial literacy levels increase, individuals are more likely to have a positive saving culture. Findings revealed a significant positive relationship between saving culture and sustainability community-based saving and credit groups in Kampala. Findings also revealed that "Financial Literacy" and "Savings Culture" are significant predictors of the sustainability of community-based savings and credit groups. In conclusion, this study delved into the intricate dynamics that underlie the sustainability of Community Based Savings and Credit Groups in Kampala. Findings highlight the pivotal role played by Financial Literacy and Savings Culture in shaping the destiny of these groups. Financial Literacy emerged as a potent force, significantly associated with increased sustainability. Its influence extended beyond mere knowledge and encompassed the practical application of financial principles, emphasizing its importance as an empowering tool. In light of the findings it is proposed the development and implementation of comprehensive financial literacy programs tailored to the specific needs and challenges of these communities. These programs should not only impart knowledge but also instill the skills and attitudes necessary for sound financial decision-making.