Financial Inclusion, Budgeting and Women Empowerment Among Saving Groups in Kampala Markets.
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Date
2025-12-13
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Makerere University Business School
Abstract
This study examined the relationship between financial inclusion, budgeting practices and women empowerment in saving groups in Kampala. The respondents were market women operating in Kalerwe, Kawempe, Busega and Kabuye markets. The study adopted a cross sectional research design where data was collected at a specific point in time without repeat. A quantitative approach employing questionnaires to collect data was adopted. 331 questionnaires were dispatched and a response of 90.6% was realized. Given the nature of the research objectives, correlation analysis was performed to test associations between the different variables while the regression analysis to predict the outcomes and identify importance variables. Data was analyzed using STATA software. Findings reveal that employed women are less likely to have attended formal financial training with 100% of employed respondents indicating a lack of budget training compared to the 12% of the self-employed respondents. Self-employed women demonstrated higher confidence in using financial services (57%) compared to their employed counterparts (100%) who reported limited access and challenges with financial service usage. Additionally, cultural norms and gender roles significantly impact financial independence with 75% of employed women reporting constraints due to societal expectations. The study further highlights that despite challenges, a significant portion of both employed (50%) and self-employed women (61%) believe financial education can empower them. Moreover, both groups recognize the positive impact of women owned businesses on the local economy, with 75% of employed and 95% of self-employed women agreeing or strongly agreeing. This study underscores the need for targeted financial literacy programs and supportive networks to enhance women’s financial decision making, business growth and independence contributing to broader economic empowerment and development.
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This is a master's thesis.
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Citation
Catherine, K. (2025) Financial Inclusion, Budgeting and Women Empowerment Among Saving Groups in Kampala Markets. (Unpublished master’s dissertation). Makerere University Business School, Kampala, Uganda.