scholarly journals CREDIT CO-OPERATIVES AND THEIR ROLE IN POVERTY REDUCTION IN RURAL CHINA

2017 ◽  
Vol 1 (2) ◽  
pp. 97
Author(s):  
Li Zhao
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Poverty Reduction ◽  
Social Connectedness ◽  
Rural China ◽  
Modern China ◽  
Primary Data ◽  
Field Investigations ◽  
Local Embeddedness ◽  
New Type

Financial constraints may contribute to poverty traps. In the underdeveloped capital markets of rural China, many poor farmers in disadvantaged areas are financially constrained and denied access to formal financial services. A few attempts have been made to reform rural credit co-operatives but with limited impact. Recently, the development of rural mutual co-operatives, as one of new-type rural financial institutions, has gained increasing attention among scholars. While scholars predict that it would be difficult for true co-operative financial institutions to establish themselves and develop in China, this study discusses the conditions for the development of rural mutual co-operatives and identifies their institutional advantages in poverty outreach and financial sustainability. The analysis of the study is largely based on the primary data collected from field investigations and case studies. The study reveals that these organizations have played a significant role in promoting financial inclusion and become a sustainable driver for poverty reduction. This observation is in contrast to the widely-believed prediction that it is hardly probable for true credit co-operatives to establish themselves in modern China due to excessive government intervention and China’s peculiar political culture and social context. The findings also suggest two conditions be necessary to achieve their potential, namely, the co-operation between credit co-operatives and agricultural co-operatives, and local embeddedness with good social connectedness.

scholarly journals FINANCIAL INCLUSION AND POVERTY ALLEVIATION AMONG SMALLHOLDER FARMERS IN ZIMBABWE

2020 ◽  
Vol 8 (3) ◽  
pp. 168-182
Author(s):  
David Mhlanga ◽  
◽  
Steven Henry Dunga ◽  
Tankiso Moloi ◽  
◽  
...  
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Poverty Reduction ◽  
Smallholder Farmers ◽  
Financial Education ◽  
Financial Inclusion ◽  
Strong Impact ◽  
Development Goals ◽  
The Government ◽  
The Impact

The study sought to investigate the impact of financial inclusion on poverty reduction in Zimbabwe among the smallholder farmers. It is alleged that financial inclusion can help in achieving seven of the seventeen sustainable development goals (SDGs), which include poverty eradication in all its forms everywhere, ending hunger, achieving food security, ensuring improved nutrition as well as promoting sustainable agriculture and many others. Using the simple regression method, the study discovered that financial inclusion has a strong impact on poverty reduction among smallholder farmers. The study went on to discover that, for the government to tackle poverty especially among the smallholder farmers, it is important to ensure that farmers do participate in the financial sector through saving, borrowing and taking out insurance among other services. So, it is important for the government of Zimbabwe to fully implement policies that encourage financial inclusion such as making sure that farmers find it easy to access financial institutions and encouraging financial institutions to review transaction costs like bank account opening charges periodically, implementing financial education programs among the farmers because these variables are important in influencing farmers to participate or preventing them from using financial services.

How Customer Analytics and Digital Technologies Drive Banks to Understand Consumer Awareness Towards Financial Inclusion

2018 ◽  
pp. 66-85
Author(s):  
Yuvraj Sharma
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Digital Technologies ◽  
Financial Inclusion ◽  
Primary Data ◽  
Related Data ◽  
Customer Analytics ◽  
Clear Communication ◽  
Increasing Demand

In today's switching economy, customers' needs are changing and they are demanding more transparency, higher involvement, and clear communication in day-to-day banking processes. The rationale behind carrying out the present research is to identify the role of customer analytics in the new digital customer journey in terms of enhancing their engagement, loyalty, and satisfaction. The present research emphasizes opportunities that would accrue to financial institutions after demonetization and collecting large amount of demographics, customer transaction, and account-related data. Primary data was collected from 300 customers through a structured questionnaire to know their perceptions about the role of customer analytics and digital technologies to build their confidence and capability to use financial services. This study brings out the customer analytics trends and identifies the reasons due to which banks are struggling to keep pace with the increasing demand of both digital savvy and traditional consumers.

scholarly journals A Reflection on the Implementation of Second National Fadama Development Project in Kaduna and Katsina States of Nigeria

2015 ◽  
Vol 1 (2) ◽  
pp. 97
Author(s):  
Adam Adem Anyebe ◽  
Ibrahim Kurfi Mudi
Keyword(s):  
Development Strategy ◽  
Significant Relationship ◽  
Financial Services ◽  
Poverty Reduction ◽  
Secondary Data ◽  
Development Project ◽  
Primary Data ◽  
Effective Implementation ◽  
The Government ◽  
Selection Of

This study attempts to reflect on the implementation of the Second National Fadama Project in Kaduna and Katsina states of Nigeria with a view to assessing whether the project implementation has been effective in reducing poverty among the participating communities. It was therefore, hypothesized that there is no significant relationship between the Community-Driven Development Strategy and effective implementation of Fadama II project in the area of access to rural financial services and poverty reduction in the host communities. The primary data were obtained through the use of questionnaire and personal interview while secondary data were sourced from books, journals, unpublished materials and internet. The study showed that there is a significant relationship between Community-Driven Development and effective implementation of the project in the host communities. The research recommended that to enhance the success of future projects, the government should not interfere with the activities of such projects, especially in the selection of members of such associations and government should provide loan facilities to the beneficiaries in order to boost their assets acquisition capacity.

scholarly journals Issues and Challenges of Financial Inclusion Among Low-Income Earners In Rural Areas of Malaysia

2021 ◽  
Vol 8 (Special Issue) ◽  
pp. 277-299
Author(s):  
Salihah Sharizan ◽  
Nur Harena Redzuan ◽  
Romzie Rosman
Keyword(s):  
Financial Institutions ◽  
Low Income ◽  
Rural Areas ◽  
Financial Literacy ◽  
Financial Services ◽  
Financial Education ◽  
Financial Inclusion ◽  
Primary Data ◽  
Structured Interviews ◽  
Finance Industry

Financial inclusion (FI) appears to be one of the main global agendas as it is an essential way of reducing poverty and increasing the economic growth of a country. FI is the provision of financial services to all segments of society in a more convenient, quality, and affordable way. In this study, the authors analyzed the issues and challenges faced from the two perspectives of the Financial Institutions (FIs) and the rural B40 group concerning the way of pursuing the exclusive of FI. Primary data was collected by conducting semi-structured interviews with four expert bankers from the Financial Institutions (FIs) in Kuala Rompin, Pahang, and two representatives from the B40 customers in the rural areas of Pekan, Pahang, Malaysia. Based on the findings, barriers faced by the supply sides of the FIs include 1) high risk of cost and security, 2) barriers in communication and lack of financial education, and 3) lack of proof documents. The other challenges are 1) competition with the conventional institutions, 2) default risk due to non-payment, and 3) internet connection problem. On the demand side, the issues and challenges found include 1) lack of confidence, 2) lack of proof documents, 3) misuse of capital, and 4) lack of financial literacy. Henceforth, the findings have significant implications for the Islamic banking and finance industry in exploring the current barriers faced in delivering financial inclusion to the lower segment of the society in Malaysia.

scholarly journals Inclusive Financial Development and Multidimensional Poverty Reduction: An Empirical Assessment from Rural China

2019 ◽  
Vol 11 (7) ◽  
pp. 1900 ◽  
Author(s):  
Yanlin Yang ◽  
Chenyu Fu
Keyword(s):  
Financial Development ◽  
Financial Institutions ◽  
Rural Areas ◽  
Poverty Reduction ◽  
Rural China ◽  
Multidimensional Poverty ◽  
The Poor ◽  
Financial Exclusion ◽  
Working Age ◽  
Working Age Population

Inclusive finance is often considered to be a critical element that makes growth inclusive, as access to finance can enable the poor to lift themselves from income poverty. However, can it play such a role when the poor are in multidimensional poverty? Why does financial exclusion and poverty still exist in countries with vigorous development of inclusive finance? We build an evolutionary game model to analyze the equilibrium strategies of inclusive financial institutions and the poor in poverty reduction activities to find the answers. As there is a high incidence of poverty and serious financial exclusion in rural areas of China, we test the poverty reduction effectiveness of inclusive financial development on the poor with different labor capacity in rural China from 2010 to 2016 based on survey data of China Family Panel Studies and relevant statistics collected from 21 provinces. Our study finds there are differences in poverty alleviation effects of inclusive financial development among the poor with different labor capacities; if financial institutions target the service precisely to the working-age population in rural areas, they will achieve the dual goals of maintaining institutional sustainable development and alleviating poverty; And the development of inclusive finance in aspects of permeability, usability, and utility can significantly reduce multidimensional poverty. Therefore, to further improve the multidimensional poverty reduction performance and stimulate the endogenous motivation of the poor, it is necessary to strengthen the support for financial resources served to the working-age population, and to improve the development of rural inclusive finance in aspects of quality and affordability.

scholarly journals SECURITIES CROWDFUNDING : TRANSFORMASI PEMBIAYAAN USAHA KECIL DAN MENENGAH DI INDONESIA

AdBispreneur ◽  
2021 ◽  
Vol 6 (2) ◽  
pp. 163
Author(s):  
Suryanto Suryanto
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Secondary Data ◽  
Qualitative Approach ◽  
The Other ◽  
Primary Data ◽  
Digital Platform ◽  
Medium Enterprise ◽  
The Government ◽  
Descriptive Method

 ABSTRACTThis study aims to analyze the transformation of small and medium enterprise (SMEs) financing in Indonesia. This research is motivated by the phenomenon of SMEs, which often face problems in financing. However, on the other hand, financial institutions find it difficult to find a database of SMEs to channel their loans. This study uses a descriptive method with a qualitative approach. Sources of data were obtained from various sources, both primary and secondary. Primary data is obtained from statements made by informants from the Financial Services Authority, the Association of Indonesian Crowdfunding Services, crowdfunding players, and SMEs that have taken advantage of crowdfunding. Meanwhile, secondary data were obtained from several published articles. The results show that the government has helped provide a source of financing for SMEs, both through banking and non-banking. However, there were several obstacles that occurred in the field, both from SMEs and financial institutions. Securities crowdfunding instruments raises new hopes for SMEs in fulfilling financing. In addition to an easy submission procedure, access can also be done via a digital platform. Penelitian ini bertujuan untuk menganalisis transformasi pembiayaan Usaha Kecil dan Menengah (UKM) di Indonesia. Penelitian ini dilatarbelakangi oleh fenomena UKM yang sering menghadapi permasalahan dalam pembiayaan. Namun, disisi lain lembaga pembiayaan kesulitan mencari database UKM untuk menyalurkan kreditnya. Penelitian ini menggunakan metode deskriptif dengan pendekatan kualitatif. Sumber data diperoleh dari berbagai sumber baik primer maupun sekunder. Data primer diperoleh dari pernyataan yang diungkapkan oleh informan dari Otoritas Jasa Keuangan, Asosiasi Layanan Urun Dana Indonesia, pelaku crowdfunding, dan UKM yang telah memanfaatkan crowdfunding. Sedangkan data sekunder diperoleh dari beberapa artikel yang telah diterbitkan. Hasil penelitian menunjukkan bahwa pemerintah telah membantu menyediakan sumber pembiayaan UKM baik melalui perbankan maupun non perbankan. Namun ada beberapa kendala yang terjadi di lapangan baik dari pelaku UKM maupun lembaga pembiayaan. Instrumen securities crowdfunding memunculkan harapan baru bagi pelaku UKM dalam memenuhi pembiayaan. Selain prosedur pengajuan yang mudah, aksesnya pun dapat dilakukan melalui platform digital.

The Effect of e-Finance Service Quality on Bank Customers' Fintech e-Loyalty

2021 ◽  
pp. 231-248
Author(s):  
Wondwossen Jerene ◽  
Dhiraj Sharma
Keyword(s):  
Service Quality ◽  
Financial Institutions ◽  
Financial Services ◽  
Structural Equation ◽  
New Technologies ◽  
Banking Industry ◽  
Equation Model ◽  
Primary Data ◽  
Information Communication

The expansion of information communication technology (ICT) significantly influences organizations service delivering culture. The financial institutions, particularly the banking industry are one of the major sectors that invests large amount of capital for introducing new technologies. E-finance is one of the technology channels that bankers introduced to their customers to access financial services. Therefore, this study was aimed to study the effect of e-finance service quality on bank customers' fintech loyalty of using the e-finance services in future. Primary data was collected from 412 bank customers and it was analyzed using the structural equation model (SEM) through AMOS. The result revealed that both in normal operations of e-finance service and recovery services, the quality of service positively influences bank customers' satisfaction and their e-loyalty.

scholarly journals RESCHEDULING GOTONG ROYONG UNTUK PENANGANAN KREDIT BERMASALAH PADA PT BPR BCS MAGETAN

2021 ◽  
Vol 11 (1) ◽  
pp. 33-52
Author(s):  
Nurma Dwi Puspitasari ◽  
Supri Wahyudi Utomo ◽  
Elana Era Yusdita
Keyword(s):  
Qualitative Research ◽  
Financial Institutions ◽  
Financial Services ◽  
Research Method ◽  
Primary Data ◽  
Employee Behavior ◽  
Mutual Cooperation ◽  
Data Source ◽  
Bank Employees ◽  
Bank Employee

ABSTRACT The purpose of this study is to determine the handling of bad loans or problem loans at PT BPR BPR Buana Citra Sejahtera from the Bank's behavior or the behavior of bank employees. This type of research is qualitative research. The research method uses interviews and observations. The data source in this study is primary data, obtained from several employees of PT BPR Buana Citra Sejahtera related to the credit section. Troubled credit handling carried out by the behavior of PT BPR Buana Citra Sejahtera employees in addition to implementing technical imposed by the Financial Services Authority, namely in the form of rescheduling, reconditioning, restructuring, and confiscation of guarantee goods. PT BPR Buana Citra Sejahtera also applies a sense of chair and humanity by through the process of resignation of the monthly book close to wait for customers who have agreed to pay off their bad credit. So besides considering the return of credit for the bank in the end there are values caught on the practice of PT BPR Buana Citra Sejahtera, namely still considering a sense of mutual cooperation, humanity, kinship. Keywords: People's credit bank, employee behavior, accounting for confectional, financial institutions, principle timeliness.   ABSTRAK Tujuan dari penelitian ini yaitu  untuk mengetahui penanganan kredit macet atau kredit bermasalah pada PT BPR  Buana Citra Sejahtera  dari perilaku pihak bank atau perilaku karyawan bank.  Jenis penelitian  ini  adalah penelitian kualitatif. Metode penelitian menggunakan   wawancara dan observasi. Sumber data pada penelitian ini adalah data primer, diperoleh dari beberapa karyawan PT BPR Buana Citra Sejahtera yang berhubungan dengan bagian kredit. Penanganan kredit bermasalah yang dilakukan oleh perilaku karyawan PT BPR Buana Citra Sejahtera selain menerapkan tehnik yang diberlakukan oleh Otoritas Jasa Keuangan yaitu berupa rescheduling, reconditioning, restructuring, serta penyitaan barang jaminan. PT BPR Buana Citra Sejahtera juga menerapkan  rasa kekelurgaan dan kemanusian dengan melalui proses  pengunduran tanggal tutup buku bulanan untuk menunggu nasabah yang telah sepakat akan melunasi kredit macetnya. Jadi selain pertimbangan kembalinya kredit untuk pihak bank pada akhirnya terdapat nilai-nilai yang tertangkap pada praktik PT BPR Buana Citra Sejahtera yaitu masih mempertimbangkan rasa gotong royong, kemanusiaan, kekeluargaan. Kata Kunci: Bank perkreditan rakyat, Perilaku karyawan, Akuntansi keperilakuan, Lembaga Keuangan, Prinsip ketepatan waktu.

scholarly journals The features of the legal status of the operator of the information system in which digital financial assets are issued, and of the operator of the exchange of digital financial assets as organizations that provide digital financial technologies

2021 ◽  
pp. 124-134
Author(s):  
T. E. Rozhdestvenskaya ◽  
A. G. Guznov
Keyword(s):  
Information System ◽  
Financial Institutions ◽  
Financial Services ◽  
Legal Status ◽  
Rapid Development ◽  
Digital Technologies ◽  
Financial Assets ◽  
New Type

The rapid development of digital technologies has led to the emergence of several new types of financial institutions in Russia recently, which, by using digital financial technologies, create additional opportunities for recipients of financial services. Such entities, in particular, include the operator of the information system in which the digital financial assets are issued, and the operator of the exchange of digital financial assets. The article analyzes the features of their legal status as a new type of non-banking financial organizations. Particular attention is paid to the requirements of the current legislation to these organizations. The article also analyzes the role of Bank of Russia in the supervision of their activities. 

scholarly journals Usulan Model Sistem Pengawasan Syariah Pada Perbankan Syariah Di indonesia

2014 ◽  
Vol 1 (2) ◽  
pp. 119-133
Author(s):  
Ahmad Baehaqi
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Audit Committee ◽  
Systems Approach ◽  
Internal Audit ◽  
Secondary Data ◽  
Primary Data ◽  
Islamic Banking ◽  
Compliance Monitoring ◽  
Islamic Financial Institutions

Supervision of Shariah compliance in the Islamic financial institutions is a DPS task This study analyzes and evaluates the compliance monitoring by taking the object of Islamic banking in Indonesia either approach or organizational systems approach. This study uses primary data in the form of interviews with 6 DPS on 6 BUS and secondary data from the report GCG 9 BUS 2011-2012. With inductive approach using content analysis and theoretical analysis, the results of this study indicate that the general practice of sharia compliance monitoring is still not optimal yet. Furthermore, this study proposes a model of supervision using a systems approach that aims to improve the supervision of such compliance. The model proposed in this study not only involve DPS, but also part of compliance, internal audit, and the audit committee of Islamic banking, as well as external audit and the Financial Services Authority (FSA) that acting as banking supervisor to replace BI.Supervision of Shariah compliance in the Islamic financial institutions is a DPS task This study analyzes and evaluates the compliance monitoring by taking the object of Islamic banking in Indonesia either approach or organizational systems approach. This study uses primary data in the form of interviews with 6 DPS on 6 BUS and secondary data from the report GCG 9 BUS 2011-2012. With inductive approach using content analysis and theoretical analysi, the results of this study indicate that the general practice of sharia compliance monitoring is still not optimal yet. Furthermore, this study proposes a model of supervision using a systems approach that aims to improve the supervision of such compliance. The model proposed in this study not only involve DPS, but also part of compliance, internal audit, and the audit committee of Islamic banking, as well as external audit and the Financial Services Authority (FSA) that acting as banking supervisor to replace BI.

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