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The Role of Microcredit Activities as an Instrument for Poverty Reduction: An Analysis from Mozambique
Issue:
Volume 5, Issue 3, June 2019
Pages:
36-47
Received:
28 April 2019
Accepted:
3 June 2019
Published:
1 July 2019
Abstract: This article comes about with the objective of analyzing the role of microcredit activities as a tool for poverty reduction in Mozambique, and specifically to sellers of the Xipamanine Market in Maputo City. The central thesis to be defended is that: microcredit if is well managed contributes to improve the socioeconomic conditions of populations that do not have access to credit in traditional banks. The research was carried out in Xipamanine Market in Maputo City and the data collection on the survey was carried out based on interviews with the sellers of this market. In general, about 90% of the respondents indicated that, in fact, whenever banks grant microcredit to borrowers and they manage it well, there is a change in their initial situation. According to the respondents, the traditional financial system leads to exclusion of certain categories such as low-income populations and especially the poorest people. Therefore, this article draws the conclusion that microcredit has a significant impact on the Mozambican economy, since, in addition to being able to generate individual wealth, it contributes significantly as an instrument to fight against poverty.
Abstract: This article comes about with the objective of analyzing the role of microcredit activities as a tool for poverty reduction in Mozambique, and specifically to sellers of the Xipamanine Market in Maputo City. The central thesis to be defended is that: microcredit if is well managed contributes to improve the socioeconomic conditions of populations t...
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Assessment of Legal Challenges Relating to E-Banking in Financial Institutions
Nadiminti Viswanadham,
Mavere Alexander
Issue:
Volume 5, Issue 3, June 2019
Pages:
48-54
Received:
6 January 2019
Accepted:
13 June 2019
Published:
12 July 2019
Abstract: This research was carried out to assess legal challenges relating to E-Banking in financial institutions: A study of Commercial banks in Dodoma, Tanzania. This research was worth exploring since there is a high rise of E-Banking service users and the users are not aware of the legal implication of such services which in turn is the biggest challenge to E-Banking services. The objective of this research was to explore the challenges brought by the E-Banking system in relation to the Legal system in Tanzania by focusing specifically on legal risks that a customer is likely to face in e-banking, also the insecurity phenomenon associated with E- banking. Data gathering was done through: Interview, Questionnaire and literature review. The sample of the study consisted of 100 respondents. Respondents were randomly selectedfrom the streets who are commercial bank customers. The findings show that there are network problems, no governing laws/policies on e-banking, e- banking charges are high, authentication issues, losses in case of mistaken payment and no refund in case of an incompletetransaction.
Abstract: This research was carried out to assess legal challenges relating to E-Banking in financial institutions: A study of Commercial banks in Dodoma, Tanzania. This research was worth exploring since there is a high rise of E-Banking service users and the users are not aware of the legal implication of such services which in turn is the biggest challeng...
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Technological Factors and Utilization of Formal Financial Services by Smallholder Farmers in Kenya
Issue:
Volume 5, Issue 3, June 2019
Pages:
55-63
Received:
29 May 2019
Accepted:
4 July 2019
Published:
16 July 2019
Abstract: Financing agriculture has become a critical service in enabling the full realization of the agricultural sector’s potential. The allocative efficiency of financial services provided by financial institutions in Africa to the agricultural sector remains low. Further, several institutions aimed at facilitating small holder farmers’ access to credit have failed to deliver it at the right time and in the right proportions. Nevertheless, in the advent of new financial regimes and innovations such as financial technology, the uptake and utilization of financial services among the small holder farmers in Kenya was expected to increase. This, however, has not been the case. Hence this study which sought to determine the influence of technological factors on the utilization of formal financial services among small holder farmers. The target population for this study was small holder farmers from Nakuru, Busia and Kirinyaga Counties in Kenya. A study sample size of 496 small holder farmers was obtained through purposive and stratified random sampling techniques. Data was collected using researcher developed questionnaire. Quantitative data was analyzed using multiple linear regression analysis with the aid of stata. The findings revealed that technological factors did not have any significant effect on utilization of formal financial services among small holder farmers. This was because the farmers were yet to appreciate and fully take advantage of technology enabled financial services to increase their levels of inclusion. From the findings of the study, the recommendations were that at the national level, policy makers should encourage more investment in the digitalization of small scale farming activities so as to encourage more technology adoption.
Abstract: Financing agriculture has become a critical service in enabling the full realization of the agricultural sector’s potential. The allocative efficiency of financial services provided by financial institutions in Africa to the agricultural sector remains low. Further, several institutions aimed at facilitating small holder farmers’ access to credit h...
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