Abstract:
For rapid economic growth, there is the need for small businesses and individuals to have
access to loan facilities to expand their businesses. Commercial banks therefore come in
handy by way of granting of credits to facilitate the growth of businesses. However,
despite the significant impact of credit on small businesses, quite a large number of
customers default in repayment of loans granted to them thereby threatening the stability
of financial institutions in the country. In this study the researcher have assessed the
impact of financial education on loan repayment among customers of all the branches of
Unique Trust Bank- Ghana in the Kumasi Metropolis (UTB – K). The main research
question that guided the study was what is the impact of financial education on loan
repayment? In this report, the researcher used descriptive approach. The population of
the study was 200 customers of UTB – K. Data collection instrument was questionnaire
and multi- stage sampling was employed. Data was analyzed using Statistical Package for
the Social Sciences (SPSS) version 16. The study indicated that financial literacy has an
effect on loan repayment. The managerial implications for UTB, limitations of the study,
recommendations and suggestions for further studies have been discussed.
Description:
A Dissertation in the Department of Accounting Studies, Faculty of Business
Education, submitted to the School of Graduate Studies, University of Education,
Winneba, in partial fulfillment of the requirements for the award of the Master of
Business Administration (Accounting) degree.
AUGUST, 2017
