The role of microfinance institutions in poverty alleviation in Limpopo province
- Authors: Hlungwani, Kholofelo
- Date: 2018
- Subjects: Microfinance -- South Africa -- Limpopo , Small business -- Finance Poverty -- Economic aspects -- South Africa -- Limpopo
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/30320 , vital:30930
- Description: In many developing nations, the majority of poor people live in rural areas. Yet, most of them do not have access to financial services needed to sustain their living standards. Poverty remains high in many developing nations, despite numerous non-government and government efforts to alleviate poverty through microfinance. Further, poor people are not unique to rural areas; they are present in urban areas too. Poverty remains prevalent and much remains to be done to improve the quality of life for the poor people. This study examines the role of Microfinance Institutions (MFIs) in poverty alleviation for both rural and urban areas of Limpopo Province. This study was aimed at investigating how MFIs are benefiting low-income earners in the rural and urban areas of Limpopo Province. Mopani District in Limpopo Province was the study area. Forty five MFIs clients were interviewed as well as ten MFIs in the. This study adopted a mixed research approach. Primary data was collected through structured and semi-structured questionnaires, while secondary data was collected from published and unpublished materials. The findings of the study revealed that MFIs operating in Mopani District only provide credit facilities to their clients. The services are provided to all gender, salary earners, pensioners and residents of both rural and urban areas. The interest charges on the credit ranged from 5% to 40%. The collateral security required was certified ID, payslip, bankcard, and proof of residence and personal assets. The study established that those clients that accessed loans from MFIs were able to improve their standard of living through start up and expanding their businesses, paying school fees, building and improving their house and affording private health facilities. The research found out that there are challenges faced by both MFIs and MFIs clients. MFIs indicated that they faced challenges such as increased competition, lack of information about the client, profit performance and attracting low –income clients. However, the clients indicated that MFIs charge high interest rates. The respondents recommend that MFIs could lessen interest rate, increase on the amount given as loans to their clients and assess repayment capabilities before offering loans. For MFIs client’s respondents recommend that to improve the standard of living clients could get investment opportunities.
- Full Text:
- Date Issued: 2018
- Authors: Hlungwani, Kholofelo
- Date: 2018
- Subjects: Microfinance -- South Africa -- Limpopo , Small business -- Finance Poverty -- Economic aspects -- South Africa -- Limpopo
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/30320 , vital:30930
- Description: In many developing nations, the majority of poor people live in rural areas. Yet, most of them do not have access to financial services needed to sustain their living standards. Poverty remains high in many developing nations, despite numerous non-government and government efforts to alleviate poverty through microfinance. Further, poor people are not unique to rural areas; they are present in urban areas too. Poverty remains prevalent and much remains to be done to improve the quality of life for the poor people. This study examines the role of Microfinance Institutions (MFIs) in poverty alleviation for both rural and urban areas of Limpopo Province. This study was aimed at investigating how MFIs are benefiting low-income earners in the rural and urban areas of Limpopo Province. Mopani District in Limpopo Province was the study area. Forty five MFIs clients were interviewed as well as ten MFIs in the. This study adopted a mixed research approach. Primary data was collected through structured and semi-structured questionnaires, while secondary data was collected from published and unpublished materials. The findings of the study revealed that MFIs operating in Mopani District only provide credit facilities to their clients. The services are provided to all gender, salary earners, pensioners and residents of both rural and urban areas. The interest charges on the credit ranged from 5% to 40%. The collateral security required was certified ID, payslip, bankcard, and proof of residence and personal assets. The study established that those clients that accessed loans from MFIs were able to improve their standard of living through start up and expanding their businesses, paying school fees, building and improving their house and affording private health facilities. The research found out that there are challenges faced by both MFIs and MFIs clients. MFIs indicated that they faced challenges such as increased competition, lack of information about the client, profit performance and attracting low –income clients. However, the clients indicated that MFIs charge high interest rates. The respondents recommend that MFIs could lessen interest rate, increase on the amount given as loans to their clients and assess repayment capabilities before offering loans. For MFIs client’s respondents recommend that to improve the standard of living clients could get investment opportunities.
- Full Text:
- Date Issued: 2018
Financial constraints of SMMEs in the Fezile Dabi District Municipality, Freestate Province
- Authors: Mashiyi, Gcobani
- Date: 2018
- Subjects: Small business -- Finance , Business enterprises -- Finance Development credit corporations
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22672 , vital:30053
- Description: SMMEs have been identified as key role players in economic growth and development in South Africa. SMMEs contribute fifty two percent in the Growth and Domestic Product. Subsequently to that there various interventions by South African Government to support small enterprise developments with intentions to address financial constraints faced by SMMEs emanating from lack of access to funding. Despite these efforts or interventions by South African Government SMMEs are still confronted by financial constraints that if difficult for them to sustain themselves. Financial Institutions are still reluctant to avail finances to SMMEs because of their risk profile being in the new venture category. Tedious and complex funding application processes, complex funding criteria and geographical location of SMMEs prohibits SMMEs in accessing funding from Development Finance Institutions. To do this a survey existing literatures was viewed and analysed. Viewed and analysed literature indicated various constraints faced by SMMEs in South Africa. Among factors contribute to SMMEs financial constraints are the size and capacity of SMMEs serves as stumbling blocks to financial access, extent to which the complex requirements on the funding application forms affect access to funding by SMMEs in the District Municipality and geographic location of SMMEs effects on their access to funding from DFIs.
- Full Text:
- Date Issued: 2018
- Authors: Mashiyi, Gcobani
- Date: 2018
- Subjects: Small business -- Finance , Business enterprises -- Finance Development credit corporations
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22672 , vital:30053
- Description: SMMEs have been identified as key role players in economic growth and development in South Africa. SMMEs contribute fifty two percent in the Growth and Domestic Product. Subsequently to that there various interventions by South African Government to support small enterprise developments with intentions to address financial constraints faced by SMMEs emanating from lack of access to funding. Despite these efforts or interventions by South African Government SMMEs are still confronted by financial constraints that if difficult for them to sustain themselves. Financial Institutions are still reluctant to avail finances to SMMEs because of their risk profile being in the new venture category. Tedious and complex funding application processes, complex funding criteria and geographical location of SMMEs prohibits SMMEs in accessing funding from Development Finance Institutions. To do this a survey existing literatures was viewed and analysed. Viewed and analysed literature indicated various constraints faced by SMMEs in South Africa. Among factors contribute to SMMEs financial constraints are the size and capacity of SMMEs serves as stumbling blocks to financial access, extent to which the complex requirements on the funding application forms affect access to funding by SMMEs in the District Municipality and geographic location of SMMEs effects on their access to funding from DFIs.
- Full Text:
- Date Issued: 2018
Improving internal control systems in the public sector: the Eastern Cape department of Sport, Recreation, Arts and Culture
- Authors: Mtshotshisa, Mongezi
- Date: 2018
- Subjects: Finance, Public -- South Africa -- Eastern Cape , Financial management Public administration -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/32997 , vital:32489
- Description: It is important to note that control weaknesses are of two types. Firstly, design weaknesses are where controls are inadequately designed. Secondly, implementation weaknesses are where controls may be designed very well, but implementation by officials may be inadequate or irregular. Hence this study is about improving internal control systems in the public sector. The objective of this study is to determine how the Department of Sport, Recreation, Arts, and Culture can move from an unqualified audit report to a clean audit report. The researcher found that internal controls are very important in the operations of the department as a whole, especial in financial governance. The internal controls play an integral part in the organisation because all processes need controls as a tool to mitigate against the risks. In order for the department to prevent the emphasis of matter on audit reports or to achieve clean audit report, it must strengthen its internal controls. Although this study did not cover the issues of pre-determined objectives, implementation of internal controls is necessary for the improvement of reporting on performance information. The study concluded that the Department of Sport, Recreation, Arts, and Culture complies with international best practice pertaining to internal controls and financial reporting. The department has a great opportunity to obtain a clean audit report. It also has the potential to increase the effectiveness and efficiency of its internal controls by strengthening the functioning of the internal control committee, risk management committee as well as the finance committee (In Year Monitoring). The executive authority and senior management of the department are the people who should enforce the implementation of internal controls through the use of the internal control function of the department, although the audit committee assists in ensuring the effectiveness of these internal controls.
- Full Text:
- Date Issued: 2018
- Authors: Mtshotshisa, Mongezi
- Date: 2018
- Subjects: Finance, Public -- South Africa -- Eastern Cape , Financial management Public administration -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/32997 , vital:32489
- Description: It is important to note that control weaknesses are of two types. Firstly, design weaknesses are where controls are inadequately designed. Secondly, implementation weaknesses are where controls may be designed very well, but implementation by officials may be inadequate or irregular. Hence this study is about improving internal control systems in the public sector. The objective of this study is to determine how the Department of Sport, Recreation, Arts, and Culture can move from an unqualified audit report to a clean audit report. The researcher found that internal controls are very important in the operations of the department as a whole, especial in financial governance. The internal controls play an integral part in the organisation because all processes need controls as a tool to mitigate against the risks. In order for the department to prevent the emphasis of matter on audit reports or to achieve clean audit report, it must strengthen its internal controls. Although this study did not cover the issues of pre-determined objectives, implementation of internal controls is necessary for the improvement of reporting on performance information. The study concluded that the Department of Sport, Recreation, Arts, and Culture complies with international best practice pertaining to internal controls and financial reporting. The department has a great opportunity to obtain a clean audit report. It also has the potential to increase the effectiveness and efficiency of its internal controls by strengthening the functioning of the internal control committee, risk management committee as well as the finance committee (In Year Monitoring). The executive authority and senior management of the department are the people who should enforce the implementation of internal controls through the use of the internal control function of the department, although the audit committee assists in ensuring the effectiveness of these internal controls.
- Full Text:
- Date Issued: 2018
The influence of microfinance lending on economic growth in Zimbabwe
- Authors: Matema, Travy
- Date: 2018
- Subjects: Microfinance -- Zimbabwe , Economic development -- Zimbabwe Zimbabwe -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/31819 , vital:31848
- Description: Given the importance of the potential of microfinance lending as a means of addressing poverty alleviation and fostering economic growth especially in developing countries, this study evaluates the influence of MFI lending on economic growth in Zimbabwe. Hence this study will provide empirical evidence as to whether MFI lending has an influence on economic growth in Zimbabwe. The study employed the Auto Regressive Distributed Lag (ARDL) Model using quarterly data from 2000- 2016. The stationary tests revealed that the dependent variable was I(1) and the independent variables had mixed stationarity properties l(0) and l(1). The ARDL Bounds Co-integration test showed that there is co-integration between microfinance and economic growth. The findings of the Error Correction Model indicated that microfinance positively influences economic growth. Furthermore, by investing in microfinance lending the economy will be positively influenced within a year’s time. This study provides justification for the pursual of capitalising on microfinance lending as well as for Developmental Institutions and the Reserve Bank of Zimbabwe to prioritise funding for microfinance lending.
- Full Text:
- Date Issued: 2018
- Authors: Matema, Travy
- Date: 2018
- Subjects: Microfinance -- Zimbabwe , Economic development -- Zimbabwe Zimbabwe -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/31819 , vital:31848
- Description: Given the importance of the potential of microfinance lending as a means of addressing poverty alleviation and fostering economic growth especially in developing countries, this study evaluates the influence of MFI lending on economic growth in Zimbabwe. Hence this study will provide empirical evidence as to whether MFI lending has an influence on economic growth in Zimbabwe. The study employed the Auto Regressive Distributed Lag (ARDL) Model using quarterly data from 2000- 2016. The stationary tests revealed that the dependent variable was I(1) and the independent variables had mixed stationarity properties l(0) and l(1). The ARDL Bounds Co-integration test showed that there is co-integration between microfinance and economic growth. The findings of the Error Correction Model indicated that microfinance positively influences economic growth. Furthermore, by investing in microfinance lending the economy will be positively influenced within a year’s time. This study provides justification for the pursual of capitalising on microfinance lending as well as for Developmental Institutions and the Reserve Bank of Zimbabwe to prioritise funding for microfinance lending.
- Full Text:
- Date Issued: 2018
The understanding and adoption of e-finance by small and medium enterprises (SMES)
- Authors: Loleka, Siyasanga
- Date: 2018
- Subjects: Electronic commerce , Small business -- Technological innovations Small business
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22354 , vital:29946
- Description: This study seeks to find out what the understanding and adoption of e-finance is by small and medium enterprises (SMEs). The study defines the concepts related to efinance namely, e-services and micro-finance and well as other related IT for development concepts. Firstly, the study identifies benefits of adoption and use of efinance as decreased transaction costs, increased access to financial information and increased access to financial products and services. Secondly the barriers to the adoption of e-finance are identified as poor privacy, security and safety; poor IT telecommunications infrastructure; uncertain IT regulatory and policy and low T training and skills. The results produced by the study confirm a high understanding of e-finance amongst SMEs and all benefits and barriers are confirmed except for one, decreased transaction costs. The study recommends that further research be conducted on this benefit as it may no longer be relevant, especially for developing countries. Limitations of the study include the relatively small sample size and snowballing sampling method used.
- Full Text:
- Date Issued: 2018
- Authors: Loleka, Siyasanga
- Date: 2018
- Subjects: Electronic commerce , Small business -- Technological innovations Small business
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22354 , vital:29946
- Description: This study seeks to find out what the understanding and adoption of e-finance is by small and medium enterprises (SMEs). The study defines the concepts related to efinance namely, e-services and micro-finance and well as other related IT for development concepts. Firstly, the study identifies benefits of adoption and use of efinance as decreased transaction costs, increased access to financial information and increased access to financial products and services. Secondly the barriers to the adoption of e-finance are identified as poor privacy, security and safety; poor IT telecommunications infrastructure; uncertain IT regulatory and policy and low T training and skills. The results produced by the study confirm a high understanding of e-finance amongst SMEs and all benefits and barriers are confirmed except for one, decreased transaction costs. The study recommends that further research be conducted on this benefit as it may no longer be relevant, especially for developing countries. Limitations of the study include the relatively small sample size and snowballing sampling method used.
- Full Text:
- Date Issued: 2018
A common currency for countries within the economic community of West African states
- Authors: Djessou, Oze Marie Pascale
- Date: 2018
- Subjects: Economic Community of West African States , Africa, West -- Economic integration , Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22027 , vital:29814
- Description: While the West African sub-region has progressed in its efforts to achieve sustainable development, more intensive efforts are needed to address its developmental constraints. Among these constraints, the fragmentation of the sub-continent into small and landlocked countries remain one of the structural challenges to be faced. For this reason, strengthening regional co-operation and economic integration is a significant part in the improvement of the region’s economic performance. Monetary integration, which involves the use of a common currency within the area, is part of the process of economic integration. This study reflects upon the difficulties experienced by countries within the Economic Community of West African States (ECOWAS) without a common currency to facilitate economic growth and development. The study adopted a descriptive methodology and embarked on a thorough analysis of recent and relevant secondary sources. This was done in order to determine the expected effects of a common currency in the community, as well as to evaluate the viability of a single currency in the area. The findings indicate that there are potential gains expected from the establishment of a common currency in the relevant community of countries. These gains are contingent upon the meeting of a number of preconditions. These conditions include, inter alia, the need for a multidimensional approach to regionalism, the sustainability of the fiscal policy framework in the region and a greater convergence of the ECOWAS economies.
- Full Text:
- Date Issued: 2018
- Authors: Djessou, Oze Marie Pascale
- Date: 2018
- Subjects: Economic Community of West African States , Africa, West -- Economic integration , Africa -- Economic conditions
- Language: English
- Type: Thesis , Masters , MPhil
- Identifier: http://hdl.handle.net/10948/22027 , vital:29814
- Description: While the West African sub-region has progressed in its efforts to achieve sustainable development, more intensive efforts are needed to address its developmental constraints. Among these constraints, the fragmentation of the sub-continent into small and landlocked countries remain one of the structural challenges to be faced. For this reason, strengthening regional co-operation and economic integration is a significant part in the improvement of the region’s economic performance. Monetary integration, which involves the use of a common currency within the area, is part of the process of economic integration. This study reflects upon the difficulties experienced by countries within the Economic Community of West African States (ECOWAS) without a common currency to facilitate economic growth and development. The study adopted a descriptive methodology and embarked on a thorough analysis of recent and relevant secondary sources. This was done in order to determine the expected effects of a common currency in the community, as well as to evaluate the viability of a single currency in the area. The findings indicate that there are potential gains expected from the establishment of a common currency in the relevant community of countries. These gains are contingent upon the meeting of a number of preconditions. These conditions include, inter alia, the need for a multidimensional approach to regionalism, the sustainability of the fiscal policy framework in the region and a greater convergence of the ECOWAS economies.
- Full Text:
- Date Issued: 2018
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