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The Influence of Finance Credit Markets in the Development of Manufacturing Industry in Rwanda, a Case Study of Sulfo Industries Nyarugenge District

Dusingizimana Honoree, Dr Patrick Mulyungi

Abstract: The purpose of this research was to assess the contribution of finance credit markets in the development of manufacturing companies and was carried out in Sulfo industries as the case study with the following objectives; to examine the effect of money markets on development of Sulfo industries and to assess the influence of stock markets on the development of Sulfo industries. The researcher reviewed both theoretical and empirical literature concerning the contribution of finance credit markets in the development of manufacturing companies. The conceptual framework showing the relationship they exist between the two variables was also done. The critical review showing the knowledge gap that this research sought to close was also expressed. For the research methodology the researcher used the descriptive design. The populations was22 employees of Sulfo industries located in Nyarugenge sector, Nyarugenge district-Kigali city while the sample size was 22 respondents. Sampling techniques wascensus because of the small size. Data collection tools were questionnaires for primary data while for secondary data documentary review was done. The researcher ensured reliability and validity of the research instruments through pretesting while data presentation was done using tables and analyzed using SPSS program. The researcher found out that money markets create trade opportunities through facilitating trade opportunities, money markets create trade opportunities through facilitating meeting short term capital needs and that money markets facilitate company development through facilitating large investments. Stock markets facilitate company development through facilitating buying and selling of shares, that stock markets f facilitate company development through leading to proper environment for obtaining more financial resources and that stock markets facilitate company development through promoting advertising company shares. The researcher concluded that the effect of money markets on development of Sulfo industries are thatit creates trade opportunities, meeting short term capital needs, raising cash, buying and selling shares and facilitating large investments. The influence of stock markets on the development of Sulfo industries are thatAllows investors to sell and buy shares, proper environment for obtaining more financial resources, promoting sustainable growth of the economy and advertising company shares for development. The researcher recommended that Sulfo industries should continue participating in finance and credit markets because it is important in development and that employees of Sulfo industries should ensure that the company development is enhanced through finance and credit market participation

Keywords: Finance credit markets, manufacturing industry

Country: Rwanda, Subject Area: Management

Pages: 1927 - 1930

Edition: Volume 8 Issue 5, May 2019

How to Cite this Article?

Dusingizimana Honoree, Dr Patrick Mulyungi, "The Influence of Finance Credit Markets in the Development of Manufacturing Industry in Rwanda, a Case Study of Sulfo Industries Nyarugenge District", International Journal of Science and Research (IJSR), https://www.ijsr.net/archive/v8i5/show_abstract.php?id=ART20198095, Volume 8 Issue 5, May 2019, 1927 - 1930

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