The Role Of The Informal Sector On People’s Savings In Uganda Case Study Of Makindye Division, Kampala District

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ABSTRACT

This study focused on the role of the informal sector on people’s savings in Makindye

division. The study geared in three objectives that include: To determine the role

played by the informal sector in Uganda, to determine the level of savings in Uganda

and to establish the impact of the informal sector on people’s savings in Uganda.

The study will help the region and the country at large on the way of increasing

people’s savings. The study was based on a cross sectional design and respondents

included entrepreneurs in the informal sector and financial institutions. The study

sample was made up of 80 respondents, purposively selected. The findings are

presented in form of numbers, percentages as indicated in tables, graphs and

charts. The study findings show that the mode and level of savings in the informal

sector are majorly determined by flexibility of the saving mechanisms, gender of the

individual, level of education, profitability of the business and the level of

government initiative to support the entrepreneurs. According to the findings and

conclusions, the study found it necessary that there should be increased government

initiative in promoting the savings through establishing and improving on more flexible and community based saving schemes. Sensitization is very vital as well.

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The Role Of The Informal Sector On People’s Savings In Uganda Case Study Of Makindye Division, Kampala District

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