Financial Literacy and Women Economic Empowerment in Mutara Sub-County Mitooma District.
Loading...
Date
2024
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kabale University
Abstract
This study aimed to investigate the influence of financial literacy on Women's Economic Empowerment in the Mutara sub-county, Mitooma District with the objective of determining the influence of financial attitude on women's economic empowerment, assessing the influence of financial skills on women's economic empowerment as well as establishing the influence of financial Knowledge on women economic empowerment. Financial literacy was conceptualized as financial attitudes, financial Skills, and financial knowledge. This study was guided by the three-dimensional theoretical model. The study employed a cross-section research design supported by qualitative and quantitative approaches. The target population was 94 and the sample size was 80 while responses were 80. The data was collected using the questionnaire survey and interview method. The analysis was performed using SPSS version 26 and the study hypotheses were tested using the Pearson correlation coefficient. Key findings showed that financial attitudes had a positive, strong association with women's economic empowerment. It was concluded that; Financial literacy has changed women's attitudes toward saving in this community; The training, learning, and experience have enabled women to improve their record-keeping skills and their ability to manage their loans in their personally owned businesses. Therefore, the study recommended conducting workshops and seminars to address common issues or issues that rural women might face on a regular basis. It advocated that there should be social protection systems to train women to earn, spend, save invest, borrow, and protect their finances. In conclusion, the study highlighted that Mitooma Local Government and other development partners should continue sensitization on entrepreneurship (both micro and macro), borrowing, and debt management to enable and review easy access to credit can be managed to increase women's earning capacity, provide them with economic opportunities for self-aggrandized.
Description
Keywords
Financial Literacy, Women Economic Empowerment, Mutara Sub-County, Mitooma District
Citation
Ainembabazi, Julian (2024). Financial Literacy and Women Economic Empowerment in Mutara Sub-County Mitooma District. Kabale: Kabale University.