Browsing by Author "Mwosi, Fabian"

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    Exploring the effect of digital finance on financial inclusion in Uganda, a reflection from Lira City
    (Emerald Publishing, 2025-03-18) Eton, Marus; Mwosi, Fabian; Amandu, Ishaq Yassin; Ocan, Johnson; Ogwel, Bernard Patrick
    Purpose—The study aims to discuss financial inclusion (FI) as a facilitator of digital financing, with the intention of solving challenges relating to financial exclusion. Design/methodology/approach—To understand the nexus between digital finance (DF) and FI, both descriptive and correlation research designs were used. The study collected data from 300 respondents, including vendors and dealers in agricultural produce, who were selected purposively and randomly. Findings—The study found a significant contribution of DF to FI and significant variations in FI due to mobile money (MM) and Internet banking. MM and smartphones are very often used in performing commercial transactions due to their easy accessibility compared to ATMs, the Internet, and agent banking, which are always restricted. Research limitations/implications—The study only focused on how the DF platform affects financial inclusiveness in Lira City and did not explore other financial services. Social implications—The quickest and widest adoption of MM by rural communities is mostly due to its user-friendliness, which seems to be lacking in other bank applications or products. Originality/value—The study offers significant insight into challenges related to financial inclusiveness, which is a global concern for many economies.
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    Financial accessibility and poverty reduction in Northern Uganda, Lango Sub-Region
    (Research Publish, 2019-04-01) Marus, Eton; Odubuker, Picho Epiphany; Ejang, Mary; Ogwel, Benard Patrick; Mwosi, Fabian
    Access to a well-functioning financial system can economically and socially empower individuals and in particular poor people, allowing them to better integrate into the economy of their countries and to actively contribute to their development and protect themselves against economic shocks. The paper examined the contributions of financial accessibility in supporting poverty reduction in northern Uganda. A cross sectional study design was adopted. The data was collected by use of structured and closed ended questionnaire. The findings revealed that financial institutions had not done much to reach the poor, which limits their productivity capacity and capacity to acquire productive assets. While there are isolated pockets of poverty reduction as expressed by participants’ ability to own personal assets and easily manage their dependency burdens, a few individuals have access to better health facilities. The strides to promote financial accessibility are highly commendable, though poverty remains problematic even among those who have access to financial resources. The paper therefore recommends that financial institutions should endeavor to offer financial management training to clients before extending credit to them, especially clients with some noticeable levels of illiteracy. There is also need for a comprehensive analysis on the current poverty reduction models and their impact on the very poor, in terms of production capacity, owning productive assets and living meaningful lives.