MICROFINANCE SAVINGS SERVICES AND FINANCIAL SUSTAINABILITY OF SMALL AND MEDIUM ENTERPRISES IN KAMPALA CENTRAL DIVISION, UGANDA
Authors:
Bukirwa, Immaculate (Mba) & Henry Buwule Musoke (Ph.d.)
Abstract:
The study was set out to investigate the influence of MFI Savings services on the financial sustainability of small and Medium Enterprises (SMEs) in Kampala Central Division. The study was designed as a case study using a mixed methods approach in collecting and analyzing cross-sectional data. A semi-structured questionnaire and interview guide were used to collect data, from a sample of microfinance employees and SMEs entrepreneurs and employees. Data were analyzed using the narrative, descriptive, Pearson correlation, and linear regression. Findings revealed that MFI Savings services are influential factors of financial sustainability of SMEs in Kampala Central Division. Small and Medium Enterprises should develop a culture of savings; provide the assets for the economy’s investment in future production. Savings also act as collateral for acquiring loans