Microfinance Intervention in Poverty Reduction: A Study of Women Farmer-Entrepreneurs in Rural Ghana

Nukpezah, Julius A.; Blankson, Charles

doi:10.1080/15228916.2017.1336915

Cited by 65 publications

(45 citation statements)

References 19 publications

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“…Third, compared to other world regions, Africa is substantially lagging in terms of industrialisation. The comparatively slow progress towards industrialisation in the continent has been traceable to a number of factors, including (i) poor skills, infrastructure and investment climate (Page 2012;Gui-Diby and Renard 2015) and (ii) shortage of the investment capital required to fund the industrialisation process (Tuomi 2011;Darley 2012;Tibebe and Mollick 2017;Nukpezah and Blankson 2017;Asongu and Odhiambo 2020;.…”

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confidence: 99%

Governance, capital flight and industrialisation in Africa

Asongu

Odhiambo

2019

Economic Structures

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This study examines the role of governance in modulating the effect of capital flight on industrialisation in African countries. It is motivated by three main factors, namely the (i) growing trend of capital flight in Africa; (ii) relevance of governance in dampening negative macroeconomic signals such as capital flight; and (iii) lagging position of Africa in industrialisation. 1 First, as documented by Boyce (2012) who have provided an update on estimates of capital flight, over the past decades, Africa has experienced substantial capital outflows. For example, approximately 814 billion US Dollars (in constant of 2010 US Dollars) was lost by 33 sub-Saharan African (SSA) countries during the period 1970-2010. The lost sum to capital flight is higher than foreign direct investment and foreign aid which during the same period stood at respectively 306 billion and

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confidence: 99%

Governance, capital flight and industrialisation in Africa

Asongu

Odhiambo

2019

Economic Structures

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“…Some sources of microcredit schemes in Egypt are not flexible and also impose high transaction cost on the beneficiaries. Borrowers are mostly charged interest rate above what they are able to afford (Nukpezah and Blankson, 2017). Nevertheless borrowers are compelled to accept because it was extremely difficult to obtain such credit facilities from the conventional financial sector (Baydas et al, 1995).…”

Section: Constraints Of Access To Microcredit (A Review Of Literature)mentioning

confidence: 99%

Resolving the Constraints in Accessing Microcredit: The Neglected Views of the Smallholder Farmers

Jumpah

Adams

2020

International Journal of Social and Administrative Sciences

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Access to financial resources by smallholder farmers remain a daunting challenge in spite of increasing numbers of Microfinance Institutions (MFIs) in Ghana. This paper contributes to the debate in addressing gaps created by an ever increasing numbers of MFIs yet the declining number of small businesses, particularly smallholder farmers having access to credit. Using data from 104 smallholder farmer microcredit borrowers of Ada East in the Greater Accra Region, the paper analysed the constraints preventing borrowers from accessing microcredit. Random sampling was used to obtain information from farmers using semi structured questionnaire. The Kendell Coefficient of concordance was used to analyse the result to establish the level of agreement among farmers perception about the constraints associated with application and granting of loans. High interest rate (1.76 mean rank) was found to be the most critical constraint. Other constraints in accessing microcredit were credit inadequacy, short repayment duration and farmer based organizations (FBOs) membership requirements. It is recommended that MFIs should put in place mechanism to lower operational costs in order to reduce the cost of borrowing. Finally, simplifying loan application procedures and reducing bureaucracies to reduce delays in loan disbursement will minimize the constraints in access to microcredit. Contribution/ Originality: Challenges associated with lending microcredit to smallholder farmers have been widely discussed in literature. However, the views of farmers on how such challenges could be resolved have largely been ignored. Unlike previous studies, this study analysed and provided solutions to the challenges of microcredit acquisition from the perspective of the farmer. The study, therefore, contributes to bridging the knowledge gap by bringing to fore the solution to address the challenges in accessing microcredit from smallholder farmers" perspective. 1. INTRODUCTION Agriculture is the largest employer of the population in sub-Saharan Africa, employing about 53% of the active working population directly and indirectly. Majority of those employed in the sector directly reside in rural areas and are the most vulnerable to economic and environmental shocks (International Labour Organization, 2017). About 50% of agricultural labour force in sub-Saharan Africa is provided by women yet they are the most denied in terms of resources of production such as land, water, and most importantly agricultural credit (ILO 2015, cited in Food and Agriculture Organization (2017)

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“…In view of these initiatives and programs geared towards promoting and developing women entrepreneurship in Nigeria, women in Nigeria still own and manage fewer number of businesses than men, thereby making them to earn less money, with their businesses growing slower when compared with their male counterparts. Also, Studies by Klapper and Parker [11] and Nukpezah and Blankson [12] revealed that women involvement in the small business enterprises is no longer a new thing because they are now seen to be performing a substantial role in the economic growth and development of many countries by furthering prosperity and lowering poverty.…”

Section: Introductionmentioning

confidence: 99%

Effect of Socio-cultural Factors on Women Entrepreneurship Development in Kaduna State

Giwa¹,

Babakatun²

2019

JHRM

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Women participation in economic development has been identified to be of importance, most especially in the area of entrepreneurship. However, women the world over play a substantial role in the socio-economic and political development of any country. Given this, the current study examined the effect of socio-cultural factors on women entrepreneurship development in Kaduna state. The specific objectives of the study include: to examine the effect of religion on women entrepreneurship development in Kaduna State; to examine the effect of culture on women entrepreneurship development in Kaduna State; and to examine the effect of gender roles on women entrepreneurship development in Kaduna State. Using descriptive survey research design, data were collected from 332 women entrepreneurs in Kaduna metropolis and then analyzed via correlation and regression analyses techniques to examine the cause, effect, strength and degree of the relationship between socio-cultural factors and women entrepreneurship development. The study found that there is a significant relationship between socio-cultural factors and women entrepreneurship development in Kaduna metropolis, indicating significant relationships between religion and women entrepreneurship, between culture and women entrepreneurship and between gender role and women entrepreneurship development in Kaduna metropolis. The study recommends that women entrepreneurs in Kaduna metropolis should be proactive in doing business by bearing in mind various socio-cultural factors such as religion, culture and gender roles that may hinder the smooth running of their businesses.

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Microfinance Intervention in Poverty Reduction: A Study of Women Farmer-Entrepreneurs in Rural Ghana

Cited by 65 publications

References 19 publications

Governance, capital flight and industrialisation in Africa

Governance, capital flight and industrialisation in Africa

Resolving the Constraints in Accessing Microcredit: The Neglected Views of the Smallholder Farmers

Effect of Socio-cultural Factors on Women Entrepreneurship Development in Kaduna State

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