Abstract
This study examines how financial literacy and financial innovation can improve
financial inclusion among households in Uganda. Large sections of the population in
rural and urban areas in Uganda still remain out of the coverage of formal financial
systems. The study uses a cross sectional survey research design. The study population
comprised of the adult population in both rural and urban settings in Uganda. Empirical
data was analyzed using correlation and regression analyses. Findings indicate that
financial literacy and financial innovation are better determinants of financial inclusion
among households. Therefore, financially literate households have a higher potential to
make informed decisions on new innovations of financial products and services. This
paper is the first of its kind to examine the importance of the determinants of financial
inclusion as advocated for by the Central Bank of Uganda.
Home AGRICULTURAL EXTENSION PROJECT TOPICS AND MATERIALS
