| dc.description.abstract | The study was the contribution of Commercial Banks towards the growth of SMEs in
Mbale Central Market. The study took three specific objectives and these were examine
to examine the different forms of services commercial banks offer to SMEs, the
challenges faced by SMEs while acquiring services from commercial banks and to
examine the contributions of commercial banks towards the growth of SMEs in Uganda.
The study employed a descriptive research design where both qualitative and quantitative
approaches were used. The study took a sample size of 24 respondents out of a
population of 25 respondents. Key informants were SMEs managers. The study applied
two research instruments; these were questionnaires and interview guide. Study findings
indicated that the major forms of services commercial banks offer are extension of loans,
financial advise, deposit services, extend corporate cards and offering of Bank
statements. As far as the challenges faced by SMEs while acquiring services from
commercial banks are concerned, it was found that there is lack of collaterals security,
limited information, limited financial skills, competition and scarcity of long term
financing and it was discovered that the contributions of commercial banks towards the
growth of SMEs in Uganda are as follows; offering loans, there are available from
commercial banks, access to capital and accurate loans and the availability of finances.
It is therefore recommended that commercial banks should endeavor to avail financial
information to the public always on time and increment in awareness on the financial
services is another strategy that enhance the reduction information asymmetries among
SMEs, SMEs owners should make up groups inform of SACCOs so that they have
collateral security in securing credit from commercial banks and Training of SME owners
on risk management for example financial risk management will enhance on the
performance of small and medium enterprises in Uganda | en_US |
