| dc.description.abstract | This study was conducted in Mukono District. The purpose of the study was to investigate factors associated with success rates of business activities, a case study of SACCO groups in Mukono district. The main objective of the study was to find out the effectiveness of loans and savings in the growth of businesses in Uganda, specific objectives were to find out the relationship between social-demographic factors like age, sex, marital status and level of education, and effectiveness of loans and savings on business activities, to establish the relationship between the amount of money given as loans and effectiveness of loans on business activities, to investigate the relationship between the amount of savings collected and effectiveness of loans and savings on business activities, to examine how loans provided by SACCOs contribute to improved business activities. The researcher used Cochran’s formula to determine the sample size which was 73. Questionnaires were used to collect data and data was analyzed using STATA at Univariate, Bivariate, and Multivariate level. The study revealed that there was no significant relationship between demographic factors like age, gender, marital status, education level, and success rates of business activities. The study also revealed that there was a significant relationship between economic factors like a regular saving deposit to SACCOs and the provision of loans by the SACCO. The study findings concluded that demographic factors such as age, gender, marital status, education level were found not to influence success rates of businesses, and economic factors like a regular saving deposit to SACCOs and provision of loans by the SACCO were found to influence the success rates of businesses. The study recommended that the government and associated stakeholders should put more emphasis on individuals above 30 years of age since they are more committed to venturing into SACCO’s and investing in businesses as compared to the youth. The study finally recommended that the government and associated stakeholders should subsidize interest rates of SACCOs so that individuals can get more loans since the study findings revealed that receiving a loan from the SACCO and success rates of the businesses are significantly related | en_US |
