Financial Inclusion and Development

Sarma, Mandira; Pais, Jesim

doi:10.1002/jid.1698

Cited by 817 publications

(729 citation statements)

References 17 publications

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“…The debate is very hot among researchers. Sam and Pais [23] consider income, income inequality and use of communications technology as the factors influencing financial inclusion. According to the authors nations whose GDP per capita are low experience poor connectivity and low level of literacy have lower level of financial inclusion.…”

Section: Related Literaturementioning

confidence: 99%

Examination of the Status of Financial Inclusion and Its Determinants in Tanzania

Lotto

2018

Sustainability

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Abstract:The primary motive of this paper is to examine the determinants of financial inclusion in Tanzania. The paper borrows data from a household survey conducted by TWAWEZA. Employing the probit regression, the findings of this paper reveal that gender, education, age and income are the pertinent factors which affect the financial inclusion in Tanzania. The paper further shows the following: First, if you are a man, financially stable, have a good education and are relatively older, you then stand better chances of being financially included. The results show that, as the level of education increases, the individual is more likely to be financially included. The possible reason for this observation may be clearly linked with the financial ability of educated individuals to afford holding bank accounts and presenting personal guarantees when required by the banks during loan application because the level of education goes parallel with the income level. In addition, the results confirm a gender gap in formal financial inclusion, and this may be due to the factors such as inability of women to show collateral, their poor financial education awareness and lower business experience. Second, the paper also shows that the factors which affect traditional banking services are the same as those affecting mobile banking services (gender, age, income and education), and that there is a negative trend and a clear departure of customers' usage from banking retail services to mobile financial services. Although this gap has been narrowed recently, the best option with the banking sector is to create more new delivery channels while using mobile financial services as an infrastructure to deepen financial access reaching more un-banked population. The paper, therefore, recommends banks to create more delivery channels while using mobile telecommunication network as an infrastructure to deepen financial access reaching more unbanked people rather than competing with mobile network operators. The findings of this paper may also be used as a wake-up call for policy makers to put more emphasis on women and young people who are often left behind during Government's effort toward reaching the entire population as far as financial inclusion is concerned.

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Section: Related Literaturementioning

confidence: 99%

Examination of the Status of Financial Inclusion and Its Determinants in Tanzania

Lotto

2018

Sustainability

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“…Asymmetric information forces lenders to exert extra effort in evaluating and monitoring the financial performance of rural borrowers, consequently increasing financial cost [19]. Lenders impose high interest rates to farmers, blocking them from affordable financing, and this lack of access contributes to financial exclusion in the agricultural financial market [22]. Researchers call for the specialization of agricultural financial lenders [19,23] to reduce the adverse influence of credit constraints on resource allocation and productivity and realize the positive effect of credit availability on productivity growth [21,24].…”

Section: Agricultural Financementioning

confidence: 99%

Innovative Financial Approach for Agricultural Sustainability: A Case Study of Alibaba

Zhou

Chen

2018

Sustainability

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Sustainability and agricultural finance are two important issues attracting attention from industry and academia. This research adopts an in-depth case study methodology to investigate the agricultural finance initiatives of Alibaba Group, and explores how the agricultural finance practices of an e-commerce platform facilitate its sustainability goal. A reference framework is proposed to prove the adoption of agricultural finance. The influence of three moderating variables, namely, IT support, financial attractiveness, and cooperation with other entities, is analyzed. We find that advanced IT support and financial attractiveness are two indispensable enablers for agricultural finance initiatives, and collaboration with other entities is necessary in adopting agricultural supply chain finance.

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“…As we have seen, financial inclusion generates monetary opportunities that directly influence social development, improving living conditions, enhancing the activity of micro and small enterprises, and ensuring that everyone can access financial services under appropriate conditions using more efficient, more reliable, more modern and less expensive instruments (Cnaan et al, 2011;Collard, 2007;Coppock, 2013;Guérin et al, 2013;Sarma & Pais, 2011;Urrea & Maldonado, 2011;Youn & Sophia, 2013).…”

Section: Resultsmentioning

confidence: 99%

“…Several studies associate financial inclusion with economic development, as it incorporates segments of the population that were previously excluded from the financial system, hence reducing poverty (Anzoategui et al, 2014;Arora, 2012;Chakravarty & Pal, 2013;Cnaan et al, 2011;Duncombe, 2012;García Cediel, 2013;Lusardi & Mitchell, 2014;Mishra & Singh Bisht, 2013;Sarma & Pais, 2011;Soederberg, 2013). Others assert that financial exclusion is a key obstacle to sustainable economic development (Beck & Demirguc-Kunt, 2008;Gómez-Barroso & Marban-Flores, 2013;Honohan, 2008;Hudon, 2008;Marron, 2013).…”

Section: Resultsmentioning

confidence: 99%

Financial inclusion in Colombia: A scoping literature review

Thoene

Hoyos

2017

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Purpose: The paper provides an extensive, comprehensive and up-to-date qualitative scoping literature review of financial inclusion and other related concepts, and focuses in particular on the Colombian context, and the accessibility as well as barriers to banking services. It structures the themes and dimensions of scholarly debates on financial inclusion in the literature highlighting avenues for future research to fill various gaps. Design/methodology:This scoping literature review rigorously identifies the most relevant research and variables pertaining to financial inclusion and social innovation.Findings: Based on a scoping literature review, a comprehensive framework of key concepts of financial inclusion, scholarly contributions, countries and variables is presented. Research limitations/implications:Owing to the methodological approach of this paper and its rather theoretical nature, this research seeks to enrich scientific debates pertaining to the empirical data displayed, especially on the case of Colombia. Practical implications:The most central variables that are linked to the theme of financial inclusion are explored, and hence this paper forms a basis for future qualitative and quantitative studies. Social implications:This research article contributes to public policy making on financial inclusion aimed at reducing levels of socio-economic inequality.-582-Intangible Capital -https://doi.org/10.3926/ic.946 Originality/value: In business and management research a degree of conceptual confusion prevails on the theme of financial inclusion. This paper attempts to clarify different types of variables and one country specific case to provide more solid analytical tools for scholars and analysts.

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Financial Inclusion and Development

Cited by 817 publications

References 17 publications

Examination of the Status of Financial Inclusion and Its Determinants in Tanzania

Examination of the Status of Financial Inclusion and Its Determinants in Tanzania

Innovative Financial Approach for Agricultural Sustainability: A Case Study of Alibaba

Financial inclusion in Colombia: A scoping literature review

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