Determinants For The Performance Of Small And Medium Enterprises In Uganda.A Casestudy In Budadiri Town Council
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Date
2024
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Busitema University
Abstract
The study sought to establish the relationship between the determinants of performance of small
and medium enterprises in Uganda: a case of Budadiri Town Council, Sironko district. The study
was guided by the following research objectives; to examine the relationship between level of
financial institutions and performance of small and medium enterprises at Budadiri Trading
Center; to establish the relationship between the nature of collateral security and performance of
small and medium enterprises at Budadiri Town Council Sironko district; to determine the
relationship between the level of entrepreneurship skills and performance of small and medium
enterprises at Budadiri Town Council Sironko district.
A cross-sectional quantitative research design was used and a sample of 242 traders was used.
The research instrument was self-administered questionnaire which sought responses on
financial institutions, collateral security, entrepreneurship skills and performance of small and
medium enterprises.
The findings revealed that financial institution, collateral security and entrepreneurship skills as
factors of business had a positive and a significant influence on the performance of SMEs in
Uganda particularly in Sironko district. The researcher recommends that there is need for
financial institutions to reduce on interest rate in order to increase on the rate of borrowing of
SMEs to promote their growth and hence generating more employment to the masses. In
addition, there is need for SMEs traders to undergo vigorous training on the methods and
procedures of applying for the loans from financial intermediaries to increase on their finances
and hence growth SMEs.
Finally, it’s necessary for the government to increase on the level of education sponsorships to
enable more people to acquire business managerial skills hence boosting the performance of
small and medium enterprises, also SMEs operators should consider expanding business
activities beyond their national markets.
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Determinants For The Performance Of Small And Medium Enterprises In Uganda.A Casestudy In Budadiri Town Council [Research Report]. Busitema University.