An impact study of the Village Savings and Loan Association (VSLA) in Nigeria

Nnama‐Okechukwu, Chinwe U.; Okoye, Uzoma O.; Obi-Keguna, Christy N.; Onalu, Chinyere; Agha, Agha A.; Eneh, Jacinta; Ogbu, Angela I; Erhunwunse, Eghosa A; Nwanze, Anthony A; Okunsanya, Taiwo

doi:10.11564/33-2-1405

Cited by 7 publications

(8 citation statements)

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“…through nancial assistance. (41)(42)(43) This form of mutual support leads to good results, especially for patients in complex situations, requiring holistic/biopsychosocial care (44).…”

Section: Discussionmentioning

confidence: 99%

Community perceptions of a biopsychosocial model of integrated care in the health center: the case of 4 health districts in South Kivu, Democratic Republic of Congo.

Kasongo

Molima

Makali

et al. 2023

Preprint

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Background: The concept of biopsychosocial care is one of the approaches recommended in the health system by the WHO. Although efforts are being made on the provider side to implement it, community involvement is needed to enable its integration into the health sector. For this to happen, the community must first have an understanding of the approach, as a stakeholder and direct beneficiary. The objective of this study is to understand the community's views on the concept of integrated health care according to the biopsychosocial approach (BPS) at the Health Center of a Health District. Methods: We conducted a qualitative study based on individual semi-directive interviews with members of the Health Development Committees of six Health Areas belonging to four Health Districts as well as with some patients met in health facilities. A total of 15 interviews were conducted. The adapted NoMAD tool, derived from the Theory of the Normalization Process of Complex Interventions, allowed us to collect data from November 2017 to February 2018, and then from November 2018 to February 2019. After data extraction and synthesis, we conducted a thematic analysis using the NoMAD tool to build a thematic framework. Results: Initially, community perceptions were diverse in relation to the BPS approach of integrated care in the Health Centre; but later, the concept became clearer with the implementation of the approach, even for the providers with the change in their way of working (interprofessional collaboration, sharing of responsibilities...). Certain practices were encouraged to help the approach, notably the development of financial autonomy and mutual support. According to the community, the BPS model has further strengthened the performance of health workers and should be expanded and sustained. Stakeholders throughout the country were called upon to support the BPS concept in its implementation. Conclusions: The results of our study should encourage the involvement of community participation in any process of integrating the biopsychosocial model of person-centred health care, even at higher levels of care. However, the barriers and enablers to the BPS mechanism identified in our study should be taken into consideration.

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“…through nancial assistance. (41)(42)(43) This form of mutual support leads to good results, especially for patients in complex situations, requiring holistic/biopsychosocial care (44).…”

Section: Discussionmentioning

confidence: 99%

Community perceptions of a biopsychosocial model of integrated care in the health center: the case of 4 health districts in South Kivu, Democratic Republic of Congo.

Kasongo

Molima

Makali

et al. 2023

Preprint

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“…2.1 Empirical review on the impact of village savings and loans association VSLA is an informal financial intervention that is built wholly on the savings made by members and the interest on loans, with no capital investment from an external organisation (Brannen and Sheehan-Connor, 2016). Compared to other savings groups, VSLA groups have been found to facilitate entrepreneurship amongst the rural populace (Nnama-Impact on offfarm income Okechukwu et al, 2019). As such, several studies have been conducted to examine the impact of VSLA in Africa.…”

Section: Literature Reviewmentioning

confidence: 99%

Village savings and loans association participation and impact on off-farm income among rural women

Bannor

Oppong-Kyeremeh

Derkyi

et al. 2020

JEC

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Purpose This paper aims to examine the factors that influence rural women’s participation in Village Savings and Loans Association (VSLA) and the savings contribution in the Kassena-Nankana West District of Ghana. The study also analysed the impact of VSLA participation on off-farm income and on poverty. Design/methodology/approach In total, 120 rural women were selected for this study. The probit and heteroskedasticity linear regression models were used to examine the factors that influence VSLA participation and the savings made by members, respectively. The propensity score matching technique, coupled with Rosenbaum Sensitivity analysis, were used to analyse the impact of VSLA on off-farm income and poverty. Findings Demographic and livelihood factors such as human, natural, financial, physical and social capitals have different influences on the participation and the savings contribution in the VSLA. Moreover, VSLA has a significant impact on off-farm income; however, it did not affect poverty. Originality/value Despite the numerous studies on VSLA, there is little evidence of literature of its impact on off-farm income of rural women in West Africa, specifically, Ghana. Thus, this paper expands the frontiers of the existing literature on VSLA impact assessment and the factors that influence the savings made by women in the association.

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“…The body of knowledge about the impact of MFIs on clients' standard of living is growing. Some studies have found positive linkages in relation to income and consumption; Income and consumption (Duvendack et al, (2019), wealth accumulation (Osmani et al, (2015), food access (Stewart et al, 2010), Material flow cost accounting and higher productivity ( Sahu, Padhy, Das & Gautam, 2021), village savings and loan association (Nnama-Okechukwu et al, 2019), macro impact of microfinance (Raihan, Osmani & Khalily, 2017), agricultural investment (Kaboski and Townsend, 2012), have all shown positive associations.…”

Section: Introductionmentioning

confidence: 99%

The Influence of Microfinance Institutions on Nigerian Small, Micro, and Medium Enterprises

Ekpo,

Ebewo

2024

ijebd

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Purpose: Poverty is a significant concern in most countries, including Nigeria, which has been dubbed the world's poverty capital. Most developing countries regard small, micro, and medium-sized companies (SMMEs) as a sure strategy to reduce poverty by lowering a country's unemployment rate. Microfinance institutions (MFIs), especially banks, were commissioned by the Central Bank of Nigeria (CBN) to cater to self-employed people and businesses. There is compelling evidence that MFIs are not doing enough and are failing to fulfill their mandate. As a result, this paper sought to investigate the impact MFIs have on SMMEs in Nigeria. Design/methodology/approach: This descriptive study, made use of a convenience sample strategy to collect survey data from 384 SMMEs in two Nigerian states: Abuja and Nasarawa. Data was collected from 350 respondents. Findings: The findings showed that MFIs significantly influenced SMMEs regarding technology transfer and financial services and aided SMME (small, medium, and micro enterprises) growth. MFIs in Nigeria are ineffective in offering the services of aspects of facilitator of SMEs growth, tool for social change, provider of banking services to the people and transferor of technology. Practical implications: The CBN should make sure that MFIs, especially the banks focus more on servicing SMMEs. MFIs should do more in the areas of sensitiation and tailor their products to suit their customer base. Originality/value: There are limited studies on the Nigerian context for SMMEs and MFIs. Paper type: Research Paper

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An impact study of the Village Savings and Loan Association (VSLA) in Nigeria

Cited by 7 publications

References 0 publications

Community perceptions of a biopsychosocial model of integrated care in the health center: the case of 4 health districts in South Kivu, Democratic Republic of Congo.

Community perceptions of a biopsychosocial model of integrated care in the health center: the case of 4 health districts in South Kivu, Democratic Republic of Congo.

Village savings and loans association participation and impact on off-farm income among rural women

The Influence of Microfinance Institutions on Nigerian Small, Micro, and Medium Enterprises

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