The Gender-Differential Effect of Financial Inclusion on Household Financial Resilience

Sakyi‐Nyarko, Carlos; Ahmad, Ahmad Hassan; Green, Christopher J.

doi:10.1080/00220388.2021.2013467

Cited by 48 publications

(48 citation statements)

References 49 publications

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“…These studies both support the theories of Myers [43,17], which contend that households have got needs and demands and these demands needs some form of financial resources to settle their domestic problems and needs like food security, health and education among others and these resources should be accessed with ease without many procedures, especially to the very most poor. The two theories all have a point of agreement on the linkage of economic/ financial resources as a requirement for poor households' food security.…”

Section: What Link Between Vsla and Household Food Security?supporting

confidence: 63%

“…While the theory of financial inclusion states that financial inclusion is the ease of access to, and the availability of basic financial services to all members of the population [13]. Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs such as food, health, and education among others responsibly sustainable [14][15][16][17].…”

Section: Theoretical Reviewmentioning

confidence: 99%

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Perspectives on the Village Savings and Loans Association Activities and Household Food Security in Uganda

Ogwal

Obici²,

Mwesigwa³

2022

ARJASS

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The study examined various perspectives on Voluntary Savings and Loans Association (VSLA) activities and household food security in Uganda. Specifically, the study examined the effect of VSLA on household food Availability, established the contribution of VSLA on household food Access, and determined the effects of VSLA on household food Stability. The study adopted a literature review approach to collect information. The results suggest a positive relationship between VSLA activities and household food security in Uganda. It further reveals that VSLA activities affect food availability, food accessibility and food stability. It is concluded that if the government of Uganda can improve on the quality of VSLA activities, the level of household food security will improve. This study contributes to the understanding of the association between VSLA activities and household food security in the country. Therefore, for improved household food security, it is encouraged that the leadership of Local Governments focus more attention on mobilising local communities to join VSLA groups so that they can access affordable capital to increase their level of production, which can translate into sustainable household food security in the long run.

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Section: What Link Between Vsla and Household Food Security?supporting

confidence: 63%

Section: Theoretical Reviewmentioning

confidence: 99%

Perspectives on the Village Savings and Loans Association Activities and Household Food Security in Uganda

Ogwal

Obici²,

Mwesigwa³

2022

ARJASS

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“…The sampling frame excluded nomadic and institutional populations such as persons in hotels, barracks, and prisons. 3 Refer to Sakyi-Nyarko et al (2021) for full details. 4 The full questionnaire with scales for respondents will be made available on request.…”

Section: Orcidmentioning

confidence: 99%

Investigating the well‐being implications of mobile money access and usage from a multidimensional perspective

Sakyi‐Nyarko

Ahmad

Green

2021

Review Development Economics

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Using household survey data gleaned from Ghana, we carried out a microeconometric analysis of the relationship between mobile money (m-money) and multidimensional well-being. A key feature of this paper is the computation of a well-being index, incorporating important household welfare dimensions including health, education, and wealth, thus allowing an examination of the link between m-money and well-being from a multidimensional perspective. Using instrumental variable probit models with phone ownership and public sector employment as instruments, we find that although access to m-money is important it is its usage that has a profound well-being effect. We also explore alternative specifications of the models in which access to, and usage of, m-money explains the variations in the individual well-being components, which also relate to the Sustainable Development Goals. The results from these alternative specifications suggest that there are significant welfare disparities between those who just have access to m-money and those who use it frequently. The policy implication of this finding is that measures that encourage m-money usage would not only promote At least since the early 2000s, developing countries (particularly in Africa) had been grappling with how to reach out to the unbanked and underbanked population, who are usually the poor and often marginalized groups in society (the youth and women). Providing banking facilities to poor individuals is expensive due to the investments required to establish functioning bank branches (Ahmad et al., 2020;Beck et al., 2007;Narain, 2009). The high transaction costs associated with reaching out to this segment of the population form the main supply-side constraints to financial inclusion. Admittedly, this problem is particularly more serious in Africa where good infrastructure to support financial outreach is lacking, which widens the financial gap in the region, even among the developing economies (Beck et al., 2007).The rapid growth of mobile phone penetration in Africa over the past decade-from 28.5 phones per 100 inhabitants in 2007 to 64.8 phones per 100 inhabitants in 2013-has enabled the introduction of mobile money (m-money) on the continent. It was first introduced in South Africa in 2006, followed by the continent's most successful m-money, M-PESA in Kenya (Ahmad et al., 2020;Suri & Jack, 2016). M-money has become ubiquitous in Africa, spreading from East to West Africa and beyond, and it is emerging as a game changer in many African countries. This is particularly welcoming as it is considered as an important financial innovation that can be leveraged to break barriers to financial inclusion, especially in rural areas (Munyegera & Matsumoto, 2016).Evidently, financial inclusion has been improving in Africa since the advent of the m-money. For example, in Ghana, financial inclusion increased by 17% between 2014 and 2017 according to the Global Findex surveys (Demirguc-Kunt et al., 2018). 1 This improvement was largely attributed to the increase in the numb...

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“…In a study to investigate the gender gap prevalence in financial inclusion in Zimbabwe, among the findings is that the financial inclusion in informal financial markets by female entrepreneurs is associated with higher firm performance than their male counterparts [19]. In a study to examine gender-differential effects of financial inclusion on household financial resilience in Ghanaian households, it was found that the financial inclusion significantly improved household financial resilience but did not significantly vary by gender; the savings and formal account ownership yielded more pronounced resilience effect, with mobile money exerting the least impact; the remittances via mobile money provided significant financial resilience effects, with stronger effects in rural than in urban areas for the females [20].…”

Section: Introductionmentioning

confidence: 99%

“…There is almost no literature on gender and financial inclusion concerning women and mentop-managed enterprises. This study has identified some literature on financial inclusion and individual women [15,16], financial inclusion and households [17,20], financial inclusion and ownership and use of financial products [18], and financial inclusion and female entrepreneurs [19]. However, literature commonly states that women-owned enterprises suffer from inadequate access to financial services.…”

Section: Introductionmentioning

confidence: 99%

Gender Matters in Financial Inclusion, but Women in Managerial Positions Make a Difference. Evidence From the Namibian Enterprises

Kamanzi

2022

IJGS

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Purpose: The paper examines if gender matters in the financial inclusion in the enterprises of Namibia. Methodology: Using the Namibia Enterprise Survey Database (NESD) 2014/2015, which was collected from 580 enterprises by the World Bank, the paper tests a null hypothesis that there is no association between gender and financial inclusion in the Namibian enterprises. Findings: The article finds out that there is no difference between women’s and men’s top-managed enterprises in having a Cheque and saving accounts. It is also established that women have more access to mobile money facilities compared to men, on the one hand, and men have more accessibility to credit and loans compared to women, on the other hand. Such findings imply both an institutionalized gender financial inclusion divide and institutionalized financial inclusion equality between women and men’s top-managed enterprises in Namibia. Hence, gender matters. Unique Contribution to Theory, Policy and Practice: The gender theory that women are victims in their conditions and positions with regard to men is not always applicable because women in positions of power are more strategic and have capacity and agency to influence processes. With preferential treatment to men, there is need for concerted efforts to invest in mobile money literacy and numeracy and the promotion of perceptions and attitudes that will lead to the use of mobile money technologies; with preferential treatment to women, there is need for policies to promote sharing of the risks of the cost of borrowing and also to promote entrepreneurship in the use of loans.

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The Gender-Differential Effect of Financial Inclusion on Household Financial Resilience

Cited by 48 publications

References 49 publications

Perspectives on the Village Savings and Loans Association Activities and Household Food Security in Uganda

Perspectives on the Village Savings and Loans Association Activities and Household Food Security in Uganda

Investigating the well‐being implications of mobile money access and usage from a multidimensional perspective

Gender Matters in Financial Inclusion, but Women in Managerial Positions Make a Difference. Evidence From the Namibian Enterprises

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