How have Uganda’s micro and small enterprises recovered, adapted, and grown after COVID-19?

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How have Uganda’s micro and small enterprises recovered, adapted, and grown after COVID-19?

by Financial Sector Deepening Uganda
May 20, 2026
1 min

MSE Recovery Fund: Recovery and Survivability Report 2025 builds on the 2023 baseline study to examine the impact of the Mastercard Foundation MSE Recovery Fund on financial access, business continuity, profitability, employment, and enterprise resilience among Uganda’s MSEs, with a particular focus on businesses led by women, youth, refugees, and persons with disabilities (PWDs).

The Resilience and Survivability Survey II explores this question through a longitudinal study that tracks the same businesses over time to better understand what drives their resilience, recovery, and long-term growth.

The survey builds on the 2023 baseline study to examine the impact of the Mastercard Foundation MSE Recovery Fund on financial access, business continuity, profitability, employment, and enterprise resilience among Uganda’s MSEs. It particularly emphasizes businesses led by women, youth, refugees, and PWDs.

The findings offer vital insights into the realities that businesses continue to face, from access to finance and informality to digital adoption, flexible financing, and business development support. It also highlights the strategies that have been helping enterprises survive and grow.

The study was developed under the Mastercard Foundation MSE Recovery Fund. The fund is implemented by Financial Sector Deepening (FSD) Uganda in collaboration with MSC (MicroSave Consulting), Asigma, and gnuGrid.

Read the full report here.