Microfinance Loans and Performance of Small and Medium Size Enterprises in Lira City, Northern Uganda
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Asian Journal of Sustainable Business Research
Abstract
The study examined microfinanc
e loans and the performance of small and
medium size enterprises (SMEs) in Lira City. Data was collected using
questionnaires and interviews and the design used was causal research
designs using qualitative and quantitative approaches. The results showed
t hat there was low Level of loan accessibility and performance by the
SMEs. The study concludes that Microfinance loans contribute to
performance of SMEs. Microfinance Institutions should increase
provisions of non financial services, revise policies on loa n period and
increase amount of loan given to SMEs to enhance entrepreneurial
capability, savings and insurance so as to improve on their performance.
Description
Keywords
Microcredit, Finances, SMES, Business growth, Productivity
Citation
Akite, M., Abal, J. A., & Opio, B. C. (2022). MICROFINANCE LOANS AND PERFORMANCE OF SMALL AND MEDIUM SIZE ENTERPRISES IN LIRA CITY, NORTHERN UGANDA. 2(2), 20.