|
|
| |
| Credit Information On Smes Performance In Buloba Town, Wakiso District, Uganda
Download PDF
|
Alinitwe Joshua, Tindimwebwa Joseline, Namirembe Isabella, Naiga Sylvia
|
Abstract:
The study aimed to determine the Credit information and SME Performance in Buloba town, Wakiso district, Uganda. The research sample size was 80 SMEs based in Buloba town. The study adopted a survey research design; it included the use of self-administered questionnaires which were structured in nature. The study objective was to determine the effect of Credit information and the performance of SMEs in Buloba town. The results revealed that Credit information boosts SMEs performance. The findings proved that a (total mean = 3.41, Std = 1.33) was satisfactory, according to the Likert scale and this showed that credit information enabled efficient accessibility of funds by SMEs(credit) thus boosting performance. SMEs should adopt the use of advanced technology to be able to have proper record keeping and as a result, this enhances their chances of accessing credit. SME customers should start to ask for receipts whenever they buy goods, suppliers should ask for invoices, private contracts should always be documented and requirements for audited accounts should be enforced to make it easy to keep and produce information to creditors whenever required. Therefore, the SMEs should provide good financial information to the creditors for them to be sure of their ability to pay back the money loaned to the SMEs.
|
|
|
| | |