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Saving and borrowing in rural Uganda

Record type: Monograph (Discussion Paper)

Sub-Saharan Africa has languished in recent decades - a period in which countries elsewhere in the world (especially in East and Southeast Asia) have made substantial progress in terms of economic and human development. It is widely recognised that high levels of savings, together with investment in physical and human capital, have been among a number of key factors that have led to such success. Uganda is an economy in sub-Saharan Africa that has shown some promise of success in the 1990s. It has enjoyed macroeconomic stability and a rapid rate of economic growth. However, in some other respects, the country retains features that give cause for concern for future development. Poverty in the rural areas remains widespread, and the domestic savings rate is amongst the lowest in the world.

Drawing on the results of a survey carried out in 1997, this paper explores the reasons underlying the persistence of poverty in rural Uganda, and investigates aspects of saving and borrowing behaviour in households. The potential role of microcredit arrangements in alleviating poverty (and in generating a flow of savings) is examined, and the conditions that may favour success in the operation of microcredit schemes are evaluated.

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Citation

Musinguzi, Polycarp and Smith, Peter (2000) Saving and borrowing in rural Uganda , Southampton, UK University of Southampton 20pp. (Discussion Papers in Economics and Econometrics, 16).

More information

Published date: 2000
Additional Information: JEL classification: O16
Keywords: Uganda, sub-Saharan Africa, poverty, structural adjustment, savings, financial markets

Identifiers

Local EPrints ID: 33117
URI: http://eprints.soton.ac.uk/id/eprint/33117
PURE UUID: 4da4e29d-f5d1-4ccf-982c-9d0604678e0d

Catalogue record

Date deposited: 19 Jul 2006
Last modified: 17 Jul 2017 15:53

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Contributors

Author: Polycarp Musinguzi
Author: Peter Smith

University divisions


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