Authors: John Ssengonzi (Uganda Christian University) and Anthony Olyanga Moni, PhD (Makerere University, Uganda)
Abstract: This study sought to establish the effect of social capital on the economic power of small -scale farmers in Mityana District, Uganda. The study used the cross-sectional survey design, which involved collecting data from the sample of 384 small scale farmers in the district. Data was collected through a questionnaire. The analysis of data involved the use of the Pearson Product Moment Correlational Coefficient. The study concluded that social economic capital influenced the microcredit accessibility to small scale farmers. Furthermore, social economic capital influenced the economic welfare of small scale farmers to a smaller extent. The study recommended that cooperation should be encouraged among small scale farmers in terms of social norms, social networking and social trust to increase their accessibility to microcredit opportunities. Government fiscal policies such as transfer payments intended to improve the economic welfare of small scale farmers should be tailored around social norms, social networking and social trust of small scale farmers.