Microfinance Services In The Development Of Small Scale Enterprises Case Study: Busia Municipal Council, Eastern Division

ABSTRACT

The study was conducted to determine the micro finance services in the development of small scale enterprises in Busia Uganda. The specific objectives of the study were to determine the extent of development of small scale traders In Busia Municipal Council Eastern Division in Busia Municipality Uganda, to examine the impact of Micro Finance services on development of small scale business and to find out if there is a relationship between microfinance and development of small scale enterprises. The research revealed that the development of small scale enterprise as a result of accessing micro finance services was high and there was also an increase in profitability in their businesses. Based on the research findings, the study recommended that microfinance services should increase to finance small scale businesses especially when they show good performance and expansion. There is also need to reduce on the interest rates in all Micro Finance Institutions that offer financial services to small businesses such that it can benefit the Business community in terms of low burden in paying back the loans and this futther leads to development of more business.


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APA

, O (2021). Microfinance Services In The Development Of Small Scale Enterprises Case Study: Busia Municipal Council, Eastern Division. Afribary. Retrieved from https://afribary.com/works/microfinance-services-in-the-development-of-small-scale-enterprises-case-study-busia-municipal-council-eastern-division

MLA 8th

, ODOKIPATRICK "Microfinance Services In The Development Of Small Scale Enterprises Case Study: Busia Municipal Council, Eastern Division" Afribary. Afribary, 03 Jun. 2021, https://afribary.com/works/microfinance-services-in-the-development-of-small-scale-enterprises-case-study-busia-municipal-council-eastern-division. Accessed 21 May. 2024.

MLA7

, ODOKIPATRICK . "Microfinance Services In The Development Of Small Scale Enterprises Case Study: Busia Municipal Council, Eastern Division". Afribary, Afribary, 03 Jun. 2021. Web. 21 May. 2024. < https://afribary.com/works/microfinance-services-in-the-development-of-small-scale-enterprises-case-study-busia-municipal-council-eastern-division >.

Chicago

, ODOKIPATRICK . "Microfinance Services In The Development Of Small Scale Enterprises Case Study: Busia Municipal Council, Eastern Division" Afribary (2021). Accessed May 21, 2024. https://afribary.com/works/microfinance-services-in-the-development-of-small-scale-enterprises-case-study-busia-municipal-council-eastern-division