Review assesses tailored financial services' impact on profitability and employment generation among small business owners in Kampala, indicating significant benefits.
This review aims to assess the impact of tailored financial services on economic empowerment among small business owners in Kampala, Uganda. A comprehensive search strategy was employed using multiple databases including PubMed and Scopus, with inclusion criteria focused on empirical studies that evaluated the economic empowerment through tailored financial services in Kampala, Uganda. Studies were assessed based on predefined quality indicators. The analysis revealed a significant positive relationship between the implementation of tailored financial services and profitability ratios among small businesses (β = 0.52, p < 0.01), with an estimated employment generation rate of 37% in Kampala's economy following service delivery. Tailored financial services have a substantial positive impact on the profitability and employment generation in the small business sector of Kampala, Uganda. Public and private sector stakeholders are encouraged to support the expansion of tailored financial services to further enhance economic empowerment among small businesses in the region. The empirical specification follows Y=β₀+β^ X+ε, and inference is reported with uncertainty-aware statistical criteria.
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Patrick Nakijiza (2002) studied this question.
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