Financial digitalization, financial resilience and financial well-Being of slum households
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Date
2024
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Makerere University Business School
Abstract
The study emphasizes the significance of financial well-being on a worldwide scale and illustrates the difficulties that Kampala’s slum households confront, such as economic inequality, a limited financial knowledge, constrained access to digital financial services. With an emphasis on Kampala's Bwaise slum, the analysis sought to look into the connections amongst financial digitization, resilience, and well-being among slum households.
The study targeted homes in the Bwaise slum using a cross-sectional survey technique that made use of quantitative tools. The 379 representative houses from Bwaise I, II, and III that were proportionately chosen and interviewers were chosen using a stratified simple random selection procedure. Interviews and self-administered questionnaires were used in the data-gathering method to account for illiterate respondents. The tools were evaluated for validity and reliability using the Content Validity Index and Cronbach's Alpha, respectively. SPSS was employed to examine the descriptive and inferential analysis of the data, including Pearson correlation and linear regressions with ethical considerations taken into account.
The observed variables' descriptive statistics of the 343 respondents were showed as means of the financial and social components varied. Significant connections between resilience, well- being, and financial digitization were revealed through correlation analysis. According to the regression study, financial resilience had a greater impact on financial well-being. Overall, the results demonstrated how important financial digitalization and financial resilience are to improving financial well-being.
Description
It is an unpublished master's dissertation.
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Citation
Achieng, M. (2024). Financial digitalization, financial resilience and financial well-Being of slum households:A case of Bwaise slum, Kawempe Division, Kampala District