Firm Growth and SME Performance
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 08
Abstract
The study aimed to determine Firm growth, and SME Performance in Buloba town, Wakiso district, Uganda. The research sample size was 80 SMEs based in Buloba town. The study adopted a survey research design; it included the use of self-administered questionnaires which were structured in nature. The study objective was to determine the effect of Firm growth and the performance of SMEs in Buloba town. The results revealed that firm growth enabled SMEs' performance. The findings proved that a (total mean = 3.498, Std = 1.275) was satisfactory, according to the Likert scale and this showed that Firm growth enabled efficient accessibility of funds (credit) by SMEs thus boosting performance. SMEs in Buloba need to merge and pool resources so that they can have enough capital to enable them to operate better. This will enable them to request credit facilities with one voice. This is so because large firms can easily access funds since they are not seen as risky ventures. Money lenders are also assured of SMEs repaying the loaned money.
Authors and Affiliations
Alinitwe Joshua , Naiga Sylvia , Tindimwebwa Joseline , Namirembe Isabella , Henry Muguluma,
Keywords
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- EP ID EP743121
- DOI 10.47191/jefms/v7-i8-41
- Views 18
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