Financial Capability, Social Networks and Financial Inclusion among Women Owned Micro Business in Olok Parish Pallisa District.
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Date
2024
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Abstract
This paper examined the role of social networks and financial capability towards the achievement of financial inclusion among women owned micro businesses in Olok Parish Pallisa District. The study adopted a cross-sectional and correlation design using a sample of 196 women owned micro businesses. Data was analysed using SPSS and results were presented based on the study objectives. Findings revealed a significant positive relationship between social networks and financial inclusion although the regression results confirmed that social networks don‘t predict any changes in financial inclusion in the area, majorly because these networks are mostly used for bonding and not business development. Furthermore, a significant positive relationship between financial capability and financial inclusion was revealed. The study proposes interventions including giving the women specialized credit to enhance business growth, Banks, and other financial providers to consider opening branches in the area with credit products of longer grace periods, regular sensitization, and trainings to enhance knowledge and skills in money management, financial products and services using the already existing social groups to enable these women gain access to the scare and vital information.
Keywords: Financial Capability, Women, Social Networks, Financial Inclusion
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A Dissertation Submitted to Makerere University Business School (Faculty of Graduate Studies and Research) in Partial Fulfilment of the Requirements for the Award of Degree of Master of Business Administration of Makerere University. (PLAN A).
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Petra, I (2024) Financial Capability, Social Networks and Financial Inclusion among Women Owned Micro Business in Olok Parish Pallisa District. Unpublished Masters Dissertation Makerere University Business School. Kampala, Uganda.