Financial Knowledge, Financial Behavior and Financial Wellbeing among Female Entrepreneurs in Kampala District.
| dc.contributor.author | Amiinah Balunywa | |
| dc.date.accessioned | 2026-05-15T13:27:21Z | |
| dc.date.available | 2026-05-15T13:27:21Z | |
| dc.date.issued | 2025-11-17 | |
| dc.description | This is a master's thesis. | |
| dc.description.abstract | This study examined the relationship between financial knowledge, financial behavior, and financial well-being among female entrepreneurs in Kampala District, Uganda. The research aimed to assess how financial knowledge and behavior impact the financial well-being of women entrepreneurs and to explore their combined effects. A total of 206 responses were collected, yielding a high response rate of 77.7%. Demographic characteristics of respondents showed that the majority were between 30-40 years old and had attained higher education, with many operating retail businesses and small capital bases. The findings revealed that financial knowledge and financial behavior both significantly influenced the financial well-being of female entrepreneurs. The study found a positive relationship between financial knowledge and financial well-being (r = .653), as well as between financial behavior and financial well-being (r = .690). Furthermore, regression analysis showed that financial behavior had a stronger predictive power (Beta = .471, p < .000) than financial knowledge (Beta = .388, p < .000) in determining financial well-being, accounting for 57.3% of the variance. The study concludes that financial knowledge and behavior are crucial for improving the financial stability and success of women entrepreneurs in Kampala. It highlights the need for targeted financial literacy programs that address key areas such as saving, investment, inflation, and credit management. Additionally, promoting positive financial behaviors such as effective budgeting, regular saving, and responsible credit use is essential for improving the financial well-being of female entrepreneurs. The study recommends the development of accessible financial literacy programs, integration of informal and formal financial systems, and the creation of women-friendly financial products. It also acknowledges the limitations of using a quantitative design, such as the inability to capture deeper insights from open-ended questions and the rigid nature of the research methodology. Future studies could benefit from incorporating mixed methods or longitudinal designs to further explore the evolving financial practices of female entrepreneurs. | |
| dc.description.sponsorship | Prof. Agnes Nassuna Kasirye (PhD) (Makerere University Business School) & Mr. Elvis Khisa (Makerere University Business School) | |
| dc.identifier.citation | Amiinah, B. (2025) Financial Knowledge, Financial Behavior and Financial Wellbeing among Female Entrepreneurs in Kampala District. Makerere University Business School. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.12282/5508 | |
| dc.language.iso | en | |
| dc.publisher | Makerere University Business School | |
| dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | en |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | |
| dc.title | Financial Knowledge, Financial Behavior and Financial Wellbeing among Female Entrepreneurs in Kampala District. | |
| dc.type | Thesis |