The general objective of this study was to assess the microfinance institutions and the wealth creation in Rwanda. The study was carried out in Kagarama Umurenge SACCO as case study. The findings were intended to supplement the body of knowledge on microfinance organizations and how their operations impact members' ability to create wealth in Rwanda. The following goals guide this study: To assess the influence of micro saving services (Ease of access and cost-effective savings) on the wealth creation in Kagarama U-SACCO, to assess the impact of the lending process (credit access and collateral) on the wealth creation in Kagarama U-SACCO, and to assess the impact of business development (outreach and digital financial services) on the wealth creation in Kagarama U-SACCO. The study population, 623 SACCO members who had received two or more loans since the Kagarama U-SACCO's founding, was selected using a descriptive research approach. With the aid of stratified sampling, a sample size a sample size of 162 respondents was established through calculations carried out using Wayne (2014) formula. The researcher used primary and secondary data in this study. A closed end questionnaire will be utilized. Descriptive research design and correlation analysis were also utilized to assess the data and results generalized for the entire population, while multiple regression will be used to test hypotheses. To compute and analyze the data in this study, available statistical packages was used. Secondary data was obtained from available documentation in Kagarama U-SACCO and elsewhere on the project. The multiple regression analysis proved that other factors being constant, Lending Process increases the wealth creation of Kagarama U-SACCO per 28.7%, Micro-saving services by 41.4%, and Business Development by 32.1% meaning that microfinance institutions have an important effect on the wealth creation of Kagarama U-SACCO in Rwanda. The study recommended that Kagarama U-SACCO may involve members in the determination of service fees and a reasonable percentage of the loan that is supposed to be saved in advance. Also, the U-SACCO is recommended to adopt technological utilization in its services. Keywords: Microfinance Institution, Wealth Creation, Kagarama Umurenge Sacco, Kicukiro District, Rwanda
{"title":"Contribution of Microfinance Institutions Towards Wealth Creation in Rwanda: The Case Study of Kagarama Umurenge Sacco in Kicukiro District","authors":"","doi":"10.53819/81018102t2234","DOIUrl":"https://doi.org/10.53819/81018102t2234","url":null,"abstract":"The general objective of this study was to assess the microfinance institutions and the wealth creation in Rwanda. The study was carried out in Kagarama Umurenge SACCO as case study. The findings were intended to supplement the body of knowledge on microfinance organizations and how their operations impact members' ability to create wealth in Rwanda. The following goals guide this study: To assess the influence of micro saving services (Ease of access and cost-effective savings) on the wealth creation in Kagarama U-SACCO, to assess the impact of the lending process (credit access and collateral) on the wealth creation in Kagarama U-SACCO, and to assess the impact of business development (outreach and digital financial services) on the wealth creation in Kagarama U-SACCO. The study population, 623 SACCO members who had received two or more loans since the Kagarama U-SACCO's founding, was selected using a descriptive research approach. With the aid of stratified sampling, a sample size a sample size of 162 respondents was established through calculations carried out using Wayne (2014) formula. The researcher used primary and secondary data in this study. A closed end questionnaire will be utilized. Descriptive research design and correlation analysis were also utilized to assess the data and results generalized for the entire population, while multiple regression will be used to test hypotheses. To compute and analyze the data in this study, available statistical packages was used. Secondary data was obtained from available documentation in Kagarama U-SACCO and elsewhere on the project. The multiple regression analysis proved that other factors being constant, Lending Process increases the wealth creation of Kagarama U-SACCO per 28.7%, Micro-saving services by 41.4%, and Business Development by 32.1% meaning that microfinance institutions have an important effect on the wealth creation of Kagarama U-SACCO in Rwanda. The study recommended that Kagarama U-SACCO may involve members in the determination of service fees and a reasonable percentage of the loan that is supposed to be saved in advance. Also, the U-SACCO is recommended to adopt technological utilization in its services. Keywords: Microfinance Institution, Wealth Creation, Kagarama Umurenge Sacco, Kicukiro District, Rwanda","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135272618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of Housing Investments on the Relationship between Mortgage Financing and Economic Growth in EAC Member Countries","authors":"","doi":"10.53819/81018102t2235","DOIUrl":"https://doi.org/10.53819/81018102t2235","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135272595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study sought to evaluate the significance of government regulations on the relationship between financial technology and financial inclusion of Small and Medium Enterprises in Kenya. This study emanates from the Doctoral dissertation of the first author where the co-authors served as supervisors. Technology, Organization and Environment Theory and Financial Intermediation Theory were utilized. The study adopted explanatory research design. The top 100 Small Medium Enterprises in Kenya constitute the target population and the sample size was 200 based on purposive sampling technique and simple random sampling where two respondents were picked from each Small Medium Enterprises of interest. A response rate of 81.5 percent was achieved. The study used multiple regression analysis and it was established that government regulations had significant moderation effect on the relationship between financial technology and financial inclusion of small and medium enterprises in Kenya. The study recommends that the existing transaction limits should be reviewed in line with economic conditions of the country. Government should ensure that favorable lending rates are put in place so as to further enhance the level of financial inclusion of small and medium enterprises in Kenya. Government guidelines on screening of customers should be favorable to business owners and stringent requirements should be discouraged. Keywords: Government Regulations, Financial Technology, Financial Inclusion, Small and Medium Enterprises
{"title":"Financial Technology and Financial Inclusion of Small and Medium Enterprises in Kenya: Do Government Regulations Really Matter?","authors":"Oliver Mukweyi Pyoko","doi":"10.53819/81018102t4210","DOIUrl":"https://doi.org/10.53819/81018102t4210","url":null,"abstract":"The study sought to evaluate the significance of government regulations on the relationship between financial technology and financial inclusion of Small and Medium Enterprises in Kenya. This study emanates from the Doctoral dissertation of the first author where the co-authors served as supervisors. Technology, Organization and Environment Theory and Financial Intermediation Theory were utilized. The study adopted explanatory research design. The top 100 Small Medium Enterprises in Kenya constitute the target population and the sample size was 200 based on purposive sampling technique and simple random sampling where two respondents were picked from each Small Medium Enterprises of interest. A response rate of 81.5 percent was achieved. The study used multiple regression analysis and it was established that government regulations had significant moderation effect on the relationship between financial technology and financial inclusion of small and medium enterprises in Kenya. The study recommends that the existing transaction limits should be reviewed in line with economic conditions of the country. Government should ensure that favorable lending rates are put in place so as to further enhance the level of financial inclusion of small and medium enterprises in Kenya. Government guidelines on screening of customers should be favorable to business owners and stringent requirements should be discouraged. Keywords: Government Regulations, Financial Technology, Financial Inclusion, Small and Medium Enterprises","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135871578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-31DOI: 10.55057/ajafin.2023.5.3.5
The objective of this research was to examine the production costs, gross margin, and profitability of shallot farming in the Uluere District of Bantaeng Regency, Indonesia. The sample for the study respondents consisted 150 individuals engaged in shallot farming, selected randomly from a population of 1,500 individuals. The primary data utilized in this research were acquired through a structured interview procedure employing a pre-designed questionnaire. The data analysis method employed encompassed the examination of farm revenue, rate of return, capital turnover, and profitability index. Due to the findings, during the initial planting season of 2023, the production cost amounted to Rp26,613,747.00 per hectare, while the productivity reached 7,411.00 kg/ha. Subsequently, considering the prevailing average market value of Rp15,200.00/kg, the shallot farmers managed to attain a sales margin and net revenue of Rp86,334,561.00/ha and Rp59,720,815.00/ha, respectively. The rate of return for shallot farming was 3.28%. Additionally, the capital turnover was 374.11, indicating that a higher ratio of investment in shallot production can contribute to an advantageous financial situation and expedite the growing process of shallots. The profitability index was determined to be 0.77, indicating that farmers obtained an income of 0.77 shallots for each unit of production cost incurred. The research results clearly demonstrated that the shallots farming on the research site was a financially viable endeavour for the farmers. Nevertheless, it is important to acknowledge that our research has several limitations. Specifically, we were unable to offer any policy implications aimed at enhancing the productivity of shallot farming or reducing production costs, which could potentially result in increased agricultural income for farmers. It is recommended to conduct further study in the future to overcome the identified limitations
{"title":"Gross Margin and Profitability Analyzes of Shallot Farming","authors":"","doi":"10.55057/ajafin.2023.5.3.5","DOIUrl":"https://doi.org/10.55057/ajafin.2023.5.3.5","url":null,"abstract":"The objective of this research was to examine the production costs, gross margin, and profitability of shallot farming in the Uluere District of Bantaeng Regency, Indonesia. The sample for the study respondents consisted 150 individuals engaged in shallot farming, selected randomly from a population of 1,500 individuals. The primary data utilized in this research were acquired through a structured interview procedure employing a pre-designed questionnaire. The data analysis method employed encompassed the examination of farm revenue, rate of return, capital turnover, and profitability index. Due to the findings, during the initial planting season of 2023, the production cost amounted to Rp26,613,747.00 per hectare, while the productivity reached 7,411.00 kg/ha. Subsequently, considering the prevailing average market value of Rp15,200.00/kg, the shallot farmers managed to attain a sales margin and net revenue of Rp86,334,561.00/ha and Rp59,720,815.00/ha, respectively. The rate of return for shallot farming was 3.28%. Additionally, the capital turnover was 374.11, indicating that a higher ratio of investment in shallot production can contribute to an advantageous financial situation and expedite the growing process of shallots. The profitability index was determined to be 0.77, indicating that farmers obtained an income of 0.77 shallots for each unit of production cost incurred. The research results clearly demonstrated that the shallots farming on the research site was a financially viable endeavour for the farmers. Nevertheless, it is important to acknowledge that our research has several limitations. Specifically, we were unable to offer any policy implications aimed at enhancing the productivity of shallot farming or reducing production costs, which could potentially result in increased agricultural income for farmers. It is recommended to conduct further study in the future to overcome the identified limitations","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136018248","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-31DOI: 10.55057/ajafin.2023.5.3.4
Corporate governance codes are largely created as a response to corporate failures. Fundamentally, policymakers, market analysts, academics, and industry players posit that governance codes can reduce the age-long principal-agent problems that trigger substantial cases of exploration of investors, free-riding, moral hazards, inter alia. However, the Global Financial Crisis (GFC) of 2007/08 and other corporate fiascos question the efficacy of governance-performance mechanisms. Thus, a renewed effort at studying the empirical connection between these mechanisms and firm performance as well as evolve new strategies that will further strengthen them has become more critical. This study is an effort in this direction. It adopted a Generalized Method of Moment (GMM) approach based on a system of simultaneous equations on annual data of 93 Nigerian listed firms spanning 2007 through 2021. Against the agency theory hypothesis that a higher proportion of outside directors help mitigate agency-related problems, this study provides sufficient reasons to argue that it is detrimental to corporate Nigeria when Tobin’s Q is used as a proxy for firm performance. In tandem with earlier studies, the findings also provide evidence to prove that firms with larger boards with sufficient gender and foreign diversities outperform their peers, overall, during, and after the GFC. The study therefore recommends the need for firms to opt for the largest board size possible consisting of higher female and foreign directors as this will, to a larger extent, enable firms to draw from a range of expertise that will help make informed decisions; reduce agency related problems and thus maximize the wellbeing of shareholders and other stakeholders.
{"title":"Governance Mechanisms and Corporate Performance in Nigeria","authors":"","doi":"10.55057/ajafin.2023.5.3.4","DOIUrl":"https://doi.org/10.55057/ajafin.2023.5.3.4","url":null,"abstract":"Corporate governance codes are largely created as a response to corporate failures. Fundamentally, policymakers, market analysts, academics, and industry players posit that governance codes can reduce the age-long principal-agent problems that trigger substantial cases of exploration of investors, free-riding, moral hazards, inter alia. However, the Global Financial Crisis (GFC) of 2007/08 and other corporate fiascos question the efficacy of governance-performance mechanisms. Thus, a renewed effort at studying the empirical connection between these mechanisms and firm performance as well as evolve new strategies that will further strengthen them has become more critical. This study is an effort in this direction. It adopted a Generalized Method of Moment (GMM) approach based on a system of simultaneous equations on annual data of 93 Nigerian listed firms spanning 2007 through 2021. Against the agency theory hypothesis that a higher proportion of outside directors help mitigate agency-related problems, this study provides sufficient reasons to argue that it is detrimental to corporate Nigeria when Tobin’s Q is used as a proxy for firm performance. In tandem with earlier studies, the findings also provide evidence to prove that firms with larger boards with sufficient gender and foreign diversities outperform their peers, overall, during, and after the GFC. The study therefore recommends the need for firms to opt for the largest board size possible consisting of higher female and foreign directors as this will, to a larger extent, enable firms to draw from a range of expertise that will help make informed decisions; reduce agency related problems and thus maximize the wellbeing of shareholders and other stakeholders.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136018249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of Financial Inclusion on Performance of Agrico-Operatives in Rwamagana District. A Case of CORICYA","authors":"","doi":"10.53819/81018102t2226","DOIUrl":"https://doi.org/10.53819/81018102t2226","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136104381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aimed to investigate the impact of mobile banking platforms, specifically Paytm and Google Pay, on financial inclusion in rural and semi-urban areas in India. The study was motivated by the fact that there had been limited access to formal financial services in these regions, resulting in financial exclusion and diminished economic development. Utilizing a mixed-methods approach, the study combined surveys of 1,200 households, focus group discussions, and interviews with local financial institutions. Findings revealed significant improvement in financial inclusion. Approximately 72% of surveyed households indicated increased ease in carrying out financial transactions, including savings, remittances, and bill payments, using Paytm and Google Pay. Furthermore, local businesses reported a 35% increase in revenue, attributing it to simplified payment processes. Additionally, a 40% decrease in cash-based transactions was observed, which has implications for reducing fraud and increasing transparency. However, the study also identified challenges such as lack of internet connectivity and digital literacy, which acted as barriers to adoption for 28% of surveyed households. The study concluded that mobile banking platforms like Paytm and Google Pay have had a profound and largely positive impact on financial inclusion in rural and semi-urban areas in India. Despite existing barriers, the adoption of these platforms has facilitated easier and more secure financial transactions, contributing to increased economic activities in these areas. Recommendations include launching government-backed digital literacy programs and public-private partnerships for expanding internet infrastructure. Future studies should also consider evaluating the long-term sustainability of these platforms in fostering financial inclusion and exploring the possibility of integrating additional services like insurance and loans. Keywords: Financial Inclusion, Mobile Banking, Rural and Semi-Urban Areas, Paytm, Google Pay
本研究旨在调查移动银行平台，特别是Paytm和Google Pay对印度农村和半城市地区金融包容性的影响。这项研究的动机是，这些地区获得正规金融服务的机会有限，导致金融排斥和经济发展减弱。该研究采用混合方法，对1200户家庭进行了调查，重点小组讨论，并与当地金融机构进行了访谈。调查结果显示，金融包容性显著改善。大约72%的受访家庭表示，使用Paytm和Google Pay进行金融交易(包括储蓄、汇款和账单支付)变得更加容易。此外，当地企业报告称，由于简化了支付流程，收入增长了35%。此外，观察到现金交易减少了40%，这对减少欺诈和提高透明度具有重要意义。然而，该研究也发现了诸如缺乏互联网连接和数字素养等挑战，这些挑战阻碍了28%的受访家庭采用互联网。该研究得出的结论是，Paytm和Google Pay等移动银行平台对印度农村和半城市地区的金融包容性产生了深远而积极的影响。尽管存在障碍，但这些平台的采用促进了更容易和更安全的金融交易，有助于增加这些地区的经济活动。建议包括启动政府支持的数字扫盲项目和扩大互联网基础设施的公私合作伙伴关系。未来的研究还应考虑评估这些平台在促进普惠金融方面的长期可持续性，并探索整合保险和贷款等附加服务的可能性。关键词:普惠金融，移动银行，农村和半城市地区，Paytm, Google Pay
{"title":"Impact of Mobile Banking Platforms Paytm and Google Pay on Financial Inclusion in Rural and Semi-Urban Areas in India","authors":"Amanpreet S. Patel","doi":"10.53819/81018102t4205","DOIUrl":"https://doi.org/10.53819/81018102t4205","url":null,"abstract":"This study aimed to investigate the impact of mobile banking platforms, specifically Paytm and Google Pay, on financial inclusion in rural and semi-urban areas in India. The study was motivated by the fact that there had been limited access to formal financial services in these regions, resulting in financial exclusion and diminished economic development. Utilizing a mixed-methods approach, the study combined surveys of 1,200 households, focus group discussions, and interviews with local financial institutions. Findings revealed significant improvement in financial inclusion. Approximately 72% of surveyed households indicated increased ease in carrying out financial transactions, including savings, remittances, and bill payments, using Paytm and Google Pay. Furthermore, local businesses reported a 35% increase in revenue, attributing it to simplified payment processes. Additionally, a 40% decrease in cash-based transactions was observed, which has implications for reducing fraud and increasing transparency. However, the study also identified challenges such as lack of internet connectivity and digital literacy, which acted as barriers to adoption for 28% of surveyed households. The study concluded that mobile banking platforms like Paytm and Google Pay have had a profound and largely positive impact on financial inclusion in rural and semi-urban areas in India. Despite existing barriers, the adoption of these platforms has facilitated easier and more secure financial transactions, contributing to increased economic activities in these areas. Recommendations include launching government-backed digital literacy programs and public-private partnerships for expanding internet infrastructure. Future studies should also consider evaluating the long-term sustainability of these platforms in fostering financial inclusion and exploring the possibility of integrating additional services like insurance and loans. Keywords: Financial Inclusion, Mobile Banking, Rural and Semi-Urban Areas, Paytm, Google Pay","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136159322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Macro-Economic Variables, Tax Revenue and Performance of Financial Institutions in South Sudan","authors":"","doi":"10.53819/81018102t30120","DOIUrl":"https://doi.org/10.53819/81018102t30120","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136318630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Long-Term Debt and Financial Performance: A Study of Abbott Manufacturing Firm in Brussels, Belgium","authors":"","doi":"10.53819/81018102t5250","DOIUrl":"https://doi.org/10.53819/81018102t5250","url":null,"abstract":"","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134909477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The general objective of this study was to assess the effect of microfinance institutions services on socio economic welfare of women in Rwanda. The following were the specific objectives; analyse the effect of access to credit on socio-economic welfare of women in Kigali City, evaluate the impact of savings facilities on socio-economic welfare of women in Kigali City and assess how collaterals facilities affect socio-economic welfare of women in Kigali City. The study used descriptive and correlational research design. For this study, the entire population was 1463 including 1455 women members, 9 BDF staff, 4 Managers and 4 loan officers of Umurenge SACCOs of Nyarugenge, Kimisagara, Kicukiro and Kimironko. The sample size was 314 respondents. Data was analysed using both descriptive and inferential statistics. The findings indicated that access to credit and social-economic welfare of women have a positive and moderately strong correlation (r = 0.614, p<0.05). Saving facilities and social-economic welfare of women also have a positive and moderately strong correlation (r = 0.606, p<0.05). Collaterals facilities and social-economic welfare of women have a positive and strong correlation (r = 0.536, p<0.05). These correlations suggest that women's socio-economic welfare of women in Kigali City is positively influenced by better access to credit, saving facilities, and collateral facilities. The multiple regression R is 0.704, indicates the strength and direction of the overall linear relationship between the study variables. Indicating a moderately strong positive relationship between the predictors and the dependent variable. The coefficient of determination (R Square) represents the proportion of variance in the dependent variable that is explained by the predictors. In this model, the R Square value is 0.495, which means that approximately 49.5% of the variance in the dependent variable can be explained by the combined effects of collaterals facilities, access to credit, and saving facilities. Microfinance institutions should further enhance access to credit for women, providing flexible loan products with reasonable interest rates and simplified application processes. Key words: microfinance institutions services, access to credit, savings facilities, collaterals facilities, socio economic welfare of women.
{"title":"Effect of Microfinance Institutions Services on Socio Economic Welfare of Women in Rwanda. A Case of Selected Umurenge SACCOs in Kigali City","authors":"","doi":"10.53819/81018102t2218","DOIUrl":"https://doi.org/10.53819/81018102t2218","url":null,"abstract":"The general objective of this study was to assess the effect of microfinance institutions services on socio economic welfare of women in Rwanda. The following were the specific objectives; analyse the effect of access to credit on socio-economic welfare of women in Kigali City, evaluate the impact of savings facilities on socio-economic welfare of women in Kigali City and assess how collaterals facilities affect socio-economic welfare of women in Kigali City. The study used descriptive and correlational research design. For this study, the entire population was 1463 including 1455 women members, 9 BDF staff, 4 Managers and 4 loan officers of Umurenge SACCOs of Nyarugenge, Kimisagara, Kicukiro and Kimironko. The sample size was 314 respondents. Data was analysed using both descriptive and inferential statistics. The findings indicated that access to credit and social-economic welfare of women have a positive and moderately strong correlation (r = 0.614, p<0.05). Saving facilities and social-economic welfare of women also have a positive and moderately strong correlation (r = 0.606, p<0.05). Collaterals facilities and social-economic welfare of women have a positive and strong correlation (r = 0.536, p<0.05). These correlations suggest that women's socio-economic welfare of women in Kigali City is positively influenced by better access to credit, saving facilities, and collateral facilities. The multiple regression R is 0.704, indicates the strength and direction of the overall linear relationship between the study variables. Indicating a moderately strong positive relationship between the predictors and the dependent variable. The coefficient of determination (R Square) represents the proportion of variance in the dependent variable that is explained by the predictors. In this model, the R Square value is 0.495, which means that approximately 49.5% of the variance in the dependent variable can be explained by the combined effects of collaterals facilities, access to credit, and saving facilities. Microfinance institutions should further enhance access to credit for women, providing flexible loan products with reasonable interest rates and simplified application processes. Key words: microfinance institutions services, access to credit, savings facilities, collaterals facilities, socio economic welfare of women.","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136381148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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