Gender and Utilization of Investment Services in Bugembe Town Council, Jinja District

R. Watsemwa¹ , R. Kabumbuli² , S. Mirembe³

Section:Research Paper, Product Type: Journal-Paper
Vol.8 , Issue.9 , pp.18-24, Sep-2022

Online published on Sep 30, 2022

Copyright © R. Watsemwa, R. Kabumbuli, S. Mirembe . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

View this paper at   Google Scholar | DPI Digital Library

XML View     PDF Download

How to Cite this Paper

Abstract :
This is a cross sectional study that used quantitative approaches to collect data from both men and women aged 18 years and above who were available in the different households, markets, and trading centers at the time of the interviews in Bugembe town council. Data analysis was done at univariate and bivariate levels. The study aimed to assess how gender influences access and utilization of investment services in Bugembe town council. Results showed that financial literacy, gender, household headship, and occupation were significantly associated with investment (p<0.05). Results also showed that an equal number of both men and women in Bugembe town council utilized investment services of Micro Finance services. Conclusively gender being a significant variable with investments, there is need for institutions to come up with gender sensitive interventions like reduction of the interest rate, giving out group loans and exemption of women from presenting collateral security to financial institutions.

Key-Words / Index Term :
Uganda; Investments; Gender; Gender Relations; Micro finance services; Men, Women

References :
[1] S. Plaza, M. Navarrete, and D. Ratha, “Migration and remittances household surveys in sub-Saharan Africa: methodological aspects and main findings,” World Bank Wash. DC, 2011.
[2] K. Hoff, A. Braverman, and J. E. Stiglitz, The economics of rural organization. Oxford: Oxford University Press, 1993.
[3] World Bank. Information, Communication Technologies, and infoDev (Program), Information and communications for development 2012: Maximizing mobile. World Bank Publications, 2012.
[4] G. Amidžic, M. A. Massara, and A. Mialou, Assessing countries’ financial inclusion standing-A new composite index. International Monetary Fund, 2014.
[5] B. Armendariz and M. Labie, The handbook of microfinance. World scientific, 2011.
[6] M. A. Huis, N. Hansen, R. Lensink, and S. Otten, “A relational perspective on women’s empowerment: Intimate partner violence and empowerment among women entrepreneurs in Vietnam,” Br. J. Soc. Psychol., vol. 59, no. 2, pp. 365–386, 2020.
[7] A. Modi, K. Patel, and K. M. Patel, “Impact of microfinance services on rural women empowerment: An empirical study,” IOSR J. Bus. Manag., vol. 16, no. 11, pp. 1–8, 2014.
[8] I. A. Ifelunini and E. C. Wosowei, “„Constraints to Women Entrepreneurs? Access to Microfinance in South-South Nigeria?,” Res. J. Finance Account., vol. 4, no. 6, 2013.
[9] S. Garikipati, S. Johnson, I. Guérin, and A. Szafarz, “Microfinance and gender: Issues, challenges and the road ahead,” J. Dev. Stud., vol. 53, no. 5, pp. 641–648, 2017.
[10] S. Lodhi, “Factors influencing individual investor behaviour: An empirical study of city Karachi,” J. Bus. Manag., vol. 16, no. 2, pp. 68–76, 2014.
[11] P. Das, “The role of corporate governance in foreign investments,” Appl. Financ. Econ., vol. 24, no. 3, pp. 187–201, 2014.
[12] J. P. Sahu and S. Panda, “Is private investment being crowded out in India? Some fresh evidence,” Econ. Bull., vol. 32, no. 2, pp. 1125–1132, 2012.
[13] S. S. Bhola, V. Shah, and P. Zanvar, “A Study of Relationship between Occupation and Individual Investment,” Sinhgad Int. Bus. Rev., vol. 5, 2013.
[14] M. K. Dash, “Factors influencing investment decision of generations in India: An econometric study,” Int J Buss Mgt Eco Res, vol. 1, no. 1, pp. 15–26, 2010.
[15] C. Christiansen, J. S. Joensen, and J. Rangvid, “The effects of marriage and divorce on financial investments,” Retrieved July, vol. 15, p. 2011, 2011.
[16] O. D. Otieno, “Role of educational investment on economic growth and development in Kenya,” 2016.
[17] N. Jamaludin, “Religion and individual investment choice decision: The case of Malaysia,” Int. J. Bus. Soc. Sci., vol. 4, no. 1, 2013.
[18] R. L. Blumberg, “A general theory of gender stratification,” Sociol. Theory, pp. 23–101, 1984.