Skip to main content

Table 3 Factor analysis on the challenges of SMEs

From: Financial inclusion and the growth of small medium enterprises in Uganda: empirical evidence from selected districts in Lango sub-region

Variable list Component
1 2 3 4 5 6
1. Unrealistic demand for collateral securities 0.716      
2. Competition from foreign firms 0.683      
3. Stiff competition from domestic firms 0.669      
4. Small market size 0.698      
5. Unfair treatment from local authorities 0.676      
6. Unrealistic demand for loan guarantees   0.612     
7. Inadequate access to cheaper credit   0.502     
8. High inflation rates    0.723    
9. Inadequate training in ICT     0.459   
10. Expensive loans     0.587   
11. High taxes      0.557  
12. Unreliable electricity      0.563  
13. Ever-changing technology       0.446
Total 6.49 2.05 1.39 1.32 1.22 1.01
% of variance 32.43 10.26 6.97 6.61 6.09 5.04
Cumulative % 32.43 42.68 49.66 56.27 62.36 67.40
  1. Source: field data, 2020