Dynamic Analysis of Determinants of Financial Inclusion in Cameroon

Gautier, Tchoffo Tameko; Luc, Nembot Ndeffo; Djimoudjiel, Djekonbe

doi:10.19044/esj.2020.v16n1p106

Cited by 6 publications

(8 citation statements)

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“…Higher education level is attributed to high chances of financial inclusion (Yangdol and Sarma [19], Mhlanaga and Denhere [20]). Financial inclusion has been proven to increase with an increase in age (Rashdan and Noura [21], Gautier et al [22]). Marital status influences financial inclusion.…”

Section: Literature Reviewmentioning

confidence: 99%

“…A wealthy person who is older and more educated is highly likely to be included in the financial system (Rashdan and Noura [21]). Education negatively drives financial inclusion indicators in Cameroon, while income exhibits a positive effect (Gautier et al [22]). From the demand side of financial inclusion, financial literacy exhibits a significant positive effect in Kenya and Tanzania (Fanta and Mutsonziwa [24]).…”

Section: Literature Reviewmentioning

confidence: 99%

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Determinants of Financial Inclusion in Kenya: A Demand-Side Perspective

Njenga,

Irungu

2024

AJPAS

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This study sought to analyze the underlying financial inclusion determinants in Kenya. The study applies ordinal logit regression to examine the effect of the residential area, gender, education level, marital status, and employment type on financial inclusion. Financial inclusion is measured by developing a financial inclusion index for ten binary financial services variables. From the index, three financial inclusion levels are designed. These include low financial inclusion with scores of zero to three, medium with scores of four to six, and high level with scores of seven to ten. The estimates of the ordinal model are statistically significant for all factors considered except gender. Area of residence, age, education type, income, and marital status positively affect the log odds of financial inclusion, while employment is negatively linked. Education, employment, and marital status have interaction effects on financial inclusion. This study recommends that the Kenyan government formulate and strengthen policies to tackle challenges such as gender disparity, rural bank infrastructure development, fostering an environment conducive for entrepreneurship to address unemployment and income disparities, advocating for secondary school completion, and addressing social issues impacting family stability, including separation or the absence of marriage.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Financial Inclusion in Kenya: A Demand-Side Perspective

Njenga,

Irungu

2024

AJPAS

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“…Age of individuals is also a determining factor for promoting financial inclusion, which seems to have an inverse relationship (Amoah et al, 2020). Gautier et al (2020) identified education and income as determining factors of financial inclusion in Cameroon. Similarly, Gir on et al (2021) examined the determinants of financial inclusion in leastdeveloped countries and identified education and income as key pillars for increasing financial inclusion.…”

Section: Determinantsmentioning

confidence: 99%

“…Several studies argued that financial inclusion is not merely ownership of a bank account in a financial institution rather, it is the use of banking services on a regular basis (Alhanawi et al, 2020;Kebede et al, 2021). Empirical evidence indicates that individuals with regular banking behaviour in terms of borrowings and savings are well connected with the financial system (Gautier et al, 2020;N'dri and Kakinaka, 2020;Huang et al, 2021;Yadav et al, 2021). Kling et al (2022) argued that the intensity of financial inclusion could be measured based on the number of individuals having an account at a financial institution, saving at or borrowing from a financial institution and making or receiving digital payments.…”

Section: Determinantsmentioning

confidence: 99%

“…Although, there has been a significant change in the delivery of financial services globally, lack of financial inclusion has still been a far-reaching problem, particularly in the developing countries (Grohmann et al ., 2018; Chipunza and Fanta, 2022). Financial inclusion is a process of ensuring ease of access, availability and use of formal financial products and services to all members of the society without any discrimination (Gautier et al ., 2020; Yadav et al ., 2021). The multi-faceted benefits to individuals with formal financial accounts have been widely discussed in the literature, as having a bank account increases the propensity to save, enhances gender empowerment, promotes economic activities and improves the quality of life (Allen et al ., 2016; Reddy, 2017; Ongo Nkoa and Song, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Socio-economic characteristics, mobile phone ownership and banking behaviour of individuals as determinants of digital financial inclusion in India

Ali

Ghildiyal

2023

IJSE

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PurposeThis paper aims at analysing the socio-economic characteristics, mobile phone ownership and banking behaviour as key determinants of digital financial inclusion in India.Design/methodology/approachThis study is based on the Global Findex Survey of the World Bank covering 3,000 adult individuals in India. Simple statistical tools such as descriptive statistics, chi-square test and regression analysis with a marginal effect have been used for the data analysis.FindingsAbout 35.2% of respondents have reported using digital financial services in the country. There is a significant association between the socio-economic profiles of individuals with the adoption of digital financial services in terms of gender, age, education, occupation and income. The marginal effect indicates that socio-economic factors, mobile phone ownership and banking behaviour of individuals towards borrowings and savings have indicated significant influence on digital financial inclusion. The analysis depicts that male with higher age, education, working status and higher income are more likely to adopt digital financial services. Further, individuals with mobile phone ownership and utilising banking in terms of borrowings and savings are more likely to adopt digital financial services.Practical implicationsAs digital banking services have emerged as a preferred channel for financial service delivery, this study provides timely insights on developing user driven-strategies for promoting digital financial services.Originality/valueSocio-economic characteristics, mobile phone ownership and banking behaviour are critical determinants of financial inclusion, so assessing its implications in the era of digitisation becomes imperative.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2022-0673.

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Financial inclusion and its demand-side determinants: Evidence from Ethiopia

Giday¹

2023

Cogent Economics & Finance

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Dynamic Analysis of Determinants of Financial Inclusion in Cameroon

Cited by 6 publications

References 0 publications

Determinants of Financial Inclusion in Kenya: A Demand-Side Perspective

Determinants of Financial Inclusion in Kenya: A Demand-Side Perspective

Socio-economic characteristics, mobile phone ownership and banking behaviour of individuals as determinants of digital financial inclusion in India

Financial inclusion and its demand-side determinants: Evidence from Ethiopia

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