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Towards an Appropriate Financial System for Rural Transformation in Uganda

Author

Listed:
  • Banugire, Firimooni R.

Abstract

Rural transformatmn that embraces an agrarian revolution requires self-sustained capital accumulation plus people's participation in the development process. A system of people's rural development banks constitutes an appropriate fmancial system for rural transformation since it involves the above two conditions. A pilot project in one district of Uganda shows that a nationwide system of people's banks would almost double deposits, multiply the volume of credit several-fold, and dehver the necessary technical assistance to rural producers. Its considerable quantitative and qualitative impacts on the rural economy justify immediate attention to this vital rural development programme.

Suggested Citation

  • Banugire, Firimooni R., 1987. "Towards an Appropriate Financial System for Rural Transformation in Uganda," 1987 Occasional Paper Series No. 4 197425, International Association of Agricultural Economists.
  • Handle: RePEc:ags:iaaeo4:197425
    DOI: 10.22004/ag.econ.197425
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