TAILIEUCHUNG - Evaluation of determinants of financial inclusion in Uganda

This study examines how financial literacy and financial innovation can improve financial inclusion among households in Uganda. Large sections of the population in rural and urban areas in Uganda still remain out of the coverage of formal financial systems. The study uses a cross sectional survey research design. The study population comprised of the adult population in both rural and urban settings in Uganda. Empirical data was analyzed using correlation and regression analyses. Findings indicate that financial literacy and financial innovation are better determinants of financial inclusion among households. Therefore, financially literate households have a higher potential to make informed decisions on new innovations of financial products and services. This paper is the first of its kind to examine the importance of the determinants of financial inclusion as advocated for by the Central Bank of Uganda. | Journal of Applied Finance Banking vol. 8 no. 4 2018 47-66 ISSN 1792-6580 print version 1792-6599 online Scienpress Ltd 2018 Evaluation of determinants of financial inclusion in Uganda Godfrey Akileng1 Gillian Mercy Lawino1 and Eric Nzibonera1 Abstract This study examines how financial literacy and financial innovation can improve financial inclusion among households in Uganda. Large sections of the population in rural and urban areas in Uganda still remain out of the coverage of formal financial systems. The study uses a cross sectional survey research design. The study population comprised of the adult population in both rural and urban settings in Uganda. Empirical data was analyzed using correlation and regression analyses. Findings indicate that financial literacy and financial innovation are better determinants of financial inclusion among households. Therefore financially literate households have a higher potential to make informed decisions on new innovations of financial products and services. This paper is the first of its kind to examine the importance of the determinants of financial inclusion as advocated for by the Central Bank of Uganda. JEL classification numbers D14 G20 Keywords Financial Literacy Financial Innovation Financial Inclusion 1 Introduction Financial inclusion has been broadly recognized as critical in reducing poverty and achieving economic growth. When people participate in the financial system they are better able to start and expand businesses invest in education manage risk and absorb financial shocks The Global Findex 2014 . Well-functioning financial systems serve a vital purpose by offering savings which helps households manage cash flows finance micro businesses and this enables owners invest in assets and grow their businesses making day to day transactions including money transfer mitigating shocks and 1 Makerere University College Of Business and Management Sciences Uganda Article Info Received October 13 2017. Revised .

• Tài chính doanh nghiệp
• Financial literacy
• Financial innovation
• Financial inclusion
• Financial inclusion in Uganda
• Evaluation of determinants
• Teachers’ financial literacy
• Does it impact on financial behaviour
• Long term planning
• The Greater Jakarta
• Partial Least Square Structural Equation Modelling
• Financial literacy on financial behaviour among teachers
• Personal financial literacy
• How your choices affect income
• Your purchasing power
• Financial decisions
• Banking system
• Personal risk management
• Investing options
• Buying decisions
• Set of research questions
• Impact of financial literacy
• Overall customer satisfaction
• Country level financial literacy
• S&P Global Fin Lit Survey
• Summary of PhD thesis
• Doctoral thesis in Finance Banking
• Financial literacy in the poor
• The poor in rural Vietnam
• Finance and banking
• Financial literacy of the poor
• Rural Vietnam
• Financial knowledge
• Financial attitude
• Financial behaviour
• Consumer protection
• Consumer vulnerability
• Financial fraud
• Personal privacy
• Financial education
• Kinh tế kinh doanh
• Tạp chí khoa học
• Financial behavior
• Vietnamese adults
• Retirement planning
• Pension funds
• Financial situation
• Primary importance
• Public health
• Health behavior
• Health investment
• Preventive health check up
• Tài chính doanh nghiệp
• Behavioral biases
• Retirement savings
• College students
• Finance research
• Financial customer protection
• Equitable dealing
• Disclosure and transparency
• Social EffEconomic ects
• financial Liberalization
• development banking
• financial fragility
• financial crisis
• deflation
• Funds Analysis
• Financial Sector
• Financial Infrastructure
• Financial Markets
• Economy with Private Placement
• Funds Matrix
• Importance of financial literacy
• Healthy financial decision
• Lowest number of companies per capita
• Romanian educational curriculum
• Proposal of public policy
• Loan shark
• Personal finance
• Developing financial services
• Advances in applied economic research
• International Conference on Applied Economics
• Financial leverage hits
• Credit risk measurement
• Binary logit models
• Epidemiological Analysis
• Thyroid Cancer
• Spanish Population
• Presentation
• Incidence and Survival
• Functionality
• period leading
• Resistance and Targeting
• Progesterone Receptors
• Therapeutic Approach
• Approach to Endometriosis
• Endometriosis
• necessarily exclude
• altruism and systems
• financial losses
• hazardous effects
• nanomaterials derived
• protein aggregation
• Modelling
• Virtual Crack Closure
• Technique and Finite
• Predicting the Delamination
• Growth Initiation
• Composite Structures
• complicated analysis
• multiple levels
• dominate the domain
• building businesses
• supporting
• existing enterprises