Entrepreneurial Literacy as a Pathway to Economic Empowerment of RuralWomen in Uganda

Abstract

Micro and small enterprises, mainly operated by women are the engine of economic growth in developing countries. However, most women who start enterprises lack the requisite entrepreneurial skills. This paper analyses the impact of entrepreneurial literacy of selected businesswomen in Uganda. The study followed an action research methodology of conducting a baseline, implementing interventions, and undertaking an endline study. The need for entrepreneurial literacy prominently featured in the baseline which was undertaken through training and mentoring businesswomen. The trained women were able to adopt appropriate business practices such as record-keeping, development of work plans, and involvement in value-addition processes. The study showed that training and mentorship are important strategies for enhancing women’s business potential.