Effect of Microfinance Institutions Services on Socio Economic Welfare of Women in Rwanda. A Case of Selected Umurenge SACCOs in Kigali City

Q3 Economics, Econometrics and Finance
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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.
小额信贷机构服务对卢旺达妇女社会经济福利的影响。基加利市选定Umurenge sacco案例
这项研究的总目标是评估小额信贷机构服务对卢旺达妇女社会经济福利的影响。以下是具体目标;分析获得信贷对基加利市妇女社会经济福利的影响,评估储蓄设施对基加利市妇女社会经济福利的影响,并评估担保设施如何影响基加利市妇女的社会经济福利。本研究采用描述性和相关性研究设计。在这项研究中,整个人口为1463人,其中包括1455名女性成员,9名BDF工作人员,4名经理和4名贷款官员,分别来自尼亚鲁根热、Kimisagara、kikiiro和Kimironko的Umurenge SACCOs。样本量为314名受访者。使用描述性和推断性统计对数据进行分析。研究结果表明,妇女获得信贷与社会经济福利存在正相关和中强相关(r = 0.614, p<0.05)。储蓄设施与妇女社会经济福利也存在正、中强相关(r = 0.606, p<0.05)。抵押贷款设施与妇女社会经济福利呈强正相关(r = 0.536, p<0.05)。这些相关性表明,基加利市妇女的社会经济福利受到更好地获得信贷、储蓄设施和抵押设施的积极影响。多元回归R为0.704,表明研究变量之间整体线性关系的强度和方向。表明预测因子与因变量之间存在中等强度的正相关关系。决定系数(R平方)表示由预测因子解释的因变量中方差的比例。在这个模型中,R平方值为0.495,这意味着因变量中大约49.5%的方差可以用抵押品便利、信贷获取和储蓄便利的综合效应来解释。小额信贷机构应进一步增加妇女获得信贷的机会,提供利率合理的灵活贷款产品和简化申请程序。关键词:小额信贷机构服务,信贷获取,储蓄便利,抵押品便利,妇女社会经济福利。
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来源期刊
Afro-Asian Journal of Finance and Accounting
Afro-Asian Journal of Finance and Accounting Economics, Econometrics and Finance-Finance
CiteScore
0.70
自引率
0.00%
发文量
34
期刊介绍: Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting
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