| dc.description.abstract | The study assessed factors influencing financial inclusion among people in Bubare Subcounty, Kabale District specifically the influence of demographic and socio-economic factors. The study used quantitative research design where a sample of 100 people participated in the study. Data analysis was done using STATA version 15. Chi-square tests and binary logistic regressions were used to examine the factors influencing financial inclusion. The main explanatory variables were sex, age, marital status, education level, occupation and monthly income of the respondents.
Majority of the respondents were females (56%), aged 30 to 49 years (52%), married (78%) and had attained at least secondary education (52%). Most of the respondents were peasant farmers (69%) and earned 200,000 to 1,000,000 Uganda shillings (61%). With regard to access and use of financial services, only 40% owned bank accounts mostly saving account (62%) and in SACCOs (52%). Only 30% of the respondents had saved money on their bank account, 29% of the respondents had borrowed money from financial institutions and bout 47% of the respondents had visited the bank in the last 12 months in the last 12 months. With regard to factors influencing financial inclusion among Bubare sub county, chi-square results revealed that sex of the respondent, education level, occupation and monthly income significantly associated with respondents` financial inclusion. On further analysis, binary logistic regression results revealed that education level and monthly income were significantly associated with financial inclusion among respondents where respondents that had attained tertiary education and those that were earning between 500,000 and one million Uganda shilling monthly were more likely to be financially included by owning bank account as compared to those that didn`t attain any formal education and those earning less than 200,000 Uganda shilling monthly respectively
The study recommends the government and other stakeholders especially financial institutions to sensitize and extend financial services especially among the people rural areas, less educated and low-income earners in order to encourage them access and use financial services that would in turn improve on their financial inclusion | en_US |
