Commercial Banks and Economic Empowerment of Local Community: A Case Study of Local Communities in Bushura Parish, Kirima Sub-County, Kanungu District.
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Date
2023
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Kabale University
Abstract
The purpose of the study was to assess the effects of commercial banks on the economic empowerment of local communities in Bushura parish and Kirima sub-county, Kanungu District. e study was guided by specific objectives, which include finding out the effects of mmercial banks on business growth in local communities, determining the effects of mrnercial banks on household income, and identifying the challenges encountered by mmercial banks on the economic empowerment of local communities in Bushura parish, irima sub-county, and Kanungu District. Using simple random and purposive sampling techniques, a total of 133 respondents were selected to participate in the study. Questionnaires, zy informant interviews, and documentary methods of data collection were used in this study. majority 80% of participants on the effects of commercial banks on business growth in local communities in Bushura parish Kirima sub-county, Kanungu District agreed with (Mean = 3.54, D = 0.558) that commercial banks provide rewards or returns in the form of dividends. It was found that the majority of respondents 84% of participants on the effects of commercial banks on t0usehold's income in Bushura parish, Kirima sub-county Kanungu District agreed with (Mean - 3.33. SD= 0. 804) that commercial bank groups link individuals, households and enterprises mo a vi ta! web of business and personal relationships. The study findings also revealed that 81 % of participants agreed (Mean = 2.09, SD = 1.130) that commercial banks give back to the community in the form of corporate social responsibility. It was recommended that the government should provide more capital to commercial banks to help local communities get loans at cheaper rates thus, improving their stared reds of living.
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Demiano, Barisigara (2023). Commercial Banks and Economic Empowerment of Local Community: A Case Study of Local Communities in Bushura Parish, Kirima Sub-County, Kanungu District. Kabale: Kabale University.