The Role Played By Banking Institutions In Improving Household Incomes In Kampala District: . A Case Study Of Centenary Bank Kabalagala Branch

ABSTRACT

The study was to examine the role played by banking institutions in improving household

incomes in Kampala district: A case study of centenary bank Kabalagala branch. The study

considered three objectives namely; to determine the employment opportunities created by

. centenary bank, to establish the accessibility of credit facilities and soft loans offered by

centenary bank and to establish the rate of saving with centenary bank.

A descriptive cross sectional design with the use of qualitative and quantitative techniques

was empl9yed where a sample size of77 respondents was selecte~ .

. The findings indicated that 44.6% of the people who filled the questionnaires revealed that

centenary bank clients' savings capacity has increased. These were as a result of many clients

keeping money in banks and in return get interest on their savings and when withdrawals are

made on savings, they can be invested in small scale and medium enterprise businesses for

income generation. However, not all clients have succeeded in getting their savings rate high

as indicated by the findings to enable them achieve their ambitions.

The study recommends that banking institutions should be legitimately considered as one of

the suitable means in the development effort as the transfer of an alien business to peasant

farmers who evokes in the latter a sense of enthusiasm, which if properly directed could lead

to more efficient utilization of resources, banking institutions should mobilize enough capital

either from the Central bank or money markets if they are to survive the wind of change and

banking institutions should consider themselves as organizations meeting economic needs,

partial democracy, human resource development; social responsibility and International cooperation.