scholarly journals Women Access and Awareness of Financial Inclusion in Indonesia

2021 ◽  
Vol 19 (1) ◽  
pp. 39-50
Author(s):  
Lienggar Rahadiantino ◽  
Ariska Nurfajar Rini
Keyword(s):  
Mobile Phone ◽  
Financial Institutions ◽  
Probit Model ◽  
Financial Inclusion ◽  
Least Square ◽  
Mobile Banking ◽  
Ordinary Least Square ◽  
Savings And Loan ◽  
Saving Behavior

The financial system plays a role in creating a community economic development, especially overcoming gender disparities. This paper analyzes the effect of mobile phone on the financial inclusion of women's in Indonesia involving data from household surveys provided by the 2014 Family Life Survey. We use the probit model with Ordinary Least Square (OLS) methods and the variable procedure to examine how the role of mobile phone on women's awareness in accessing financial institutions, as well as increasing savings and loan ownership. Our estimation results found that mobile phone penetration significantly increased awareness of women to access formal financial institutions, improve saving behavior, higher credit amount and access mobile banking. Therefore, mobile phone brings great benefits in increasing financial inclusion, especially women in Indonesia.

scholarly journals Effects of Financial Dualism and Inclusion on Economic Development in Nigeria

2020 ◽  
pp. 1-13
Author(s):  
G. I. Anyanwu ◽  
P. A. Okere ◽  
N. F. Adioha
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Financial Services ◽  
Qualitative Data ◽  
Banking Sector ◽  
Financial Inclusion ◽  
Least Square ◽  
Primary Sources ◽  
Ordinary Least Square ◽  
Monetary Authorities

This study examined the effects of financial dualism and inclusion on the economic development in Nigeria. Data were obtained principally from primary sources, interviews and questionnaires.  The sample for the study consisted of one hundred (100) respondents randomly selected from shop owners in Eke Ugwu market, in owerri capital territory. The qualitative data were transformed into quantitative form with the use of likert scale. The ordinary least square (OLS) estimation technique was employed to test for relationship in the model. The study revealed a significant relationship between financial inclusion and economic development in Nigeria. The study further revealed that the delivery of quality financial services at affordable price and terms to the generality of the populace especially the disadvantaged and lower income segment of the society is the essence of financial inclusion. This study therefore recommends that the monetary authorities should ensurethat banks offer prompt and timely services. Neck-to-measure services should be produced and made available to customers at affordable prices.  Again, Banks and other financial institutions should design appropriate packages that will assist in collaborating with the informal financial institutions so that the funds so far mobilized by them are integrated into the banking sector. This will reduce the volume of currency outside the banking sector.

scholarly journals ROLE OF TECHNOLOGY IN FINANCIAL INCLUSION IN INDIA

2021 ◽  
pp. 1-5
Author(s):  
Arun.K.V
Keyword(s):  
Rural Areas ◽  
Financial Services ◽  
Business Models ◽  
Formal System ◽  
Financial Inclusion ◽  
Handheld Devices ◽  
Mobile Banking ◽  
Major Step ◽  
Banking Business

Technology and financial inclusion are the popular coinage in banking parleys in the country. While technological upgradation and mobile banking are catching up so fast, financial inclusion is tardy. Financial inclusion is a major agenda for the Reserve Bank of India (RBI). Without financial inclusion, banks cannot reach the un-banked. It is also a major step towards increasing savings and achieving balanced growth. The reach the country is having with technological progress mobile banking has the potential to emerge as a game changer in terms of costs, convenience, and speed of reach. Business models of banks, telecom operators and other stakeholders need to converge. However, the banking industry’s penetration to un-banked areas is still found sluggish. The role of the Indian banker is challenging. At one end of this spectrum lies the demand to achieve financial inclusion as nearly 50 per cent of the population is yet to be covered under the formal system of banking and at the other end lies the task to fulfil the needs of the existing customers. The first priority for banks is to adopt core banking solution (CBS), including all regional rural banks (RRBs). Next, a multi-channel approach using handheld devices, mobiles, cards, micro-ATMs, branches and kiosks can be used. However, it should be ensured that the transactions put through such front-end devices should be seamlessly integrated with the banks’ CBS. In rural areas, where accessibility is a problem, banks are using the microfinance network and business correspondents and facilitators to bring more people under the ambit of banking services. Capitalising on the huge untapped potential in smaller towns and cities and rendering financial services to this segment of people poses a big challenge. Few banks have explored technology solutions to increase the scale of their microfinance portfolios, with the use of smart cards and core banking solutions. KEYWORDS- Technology, Financial Inclusion, Core Banking, Business Correspondents

scholarly journals THE ROLE OF HOUSEHOLD COMPOSITION IN EGG CONSUMPTION IN THE OBAFEMI AWOLOWO UNIVERSITY COMMUNITY

2021 ◽  
Vol 28 (1) ◽  
pp. 98-102
Author(s):  
A. B. AYANWALE ◽  
J. O. AJETOMOBI
Keyword(s):  
Demand Function ◽  
Household Composition ◽  
Least Square ◽  
Function Parameter ◽  
Parameter Estimates ◽  
Ordinary Least Square ◽  
Egg Consumption ◽  
Ordinary Least Square Regression ◽  
University Community

This paper exainîned the role of household composition in egg cunsumption in Obafemi Awolowo University Community. An Ordinary Least Square regression model was used to obtain at-home demand function parameter estimates for egg. Positive and signiflcant relationship was found between quantity of eggs consumed and both household size and the age of children. A 1% increase in each of the variables would cause a 4.68% and 5.71 % increase in egg consumption respectively. The need for education of the household on the importance of egg consumption and keeping an optimum family size was suggested based on the findings of the study.

scholarly journals Ada Apa dengan Dewan Pengawas Syariah di Koperasi Simpan Pinjam dan Pembiayaan Syariah?

2019 ◽  
Vol 3 (2) ◽  
pp. 155
Author(s):  
Choirul Absor ◽  
Kharis Fadlullah Hana ◽  
Fatikha Rizqya Nur
Keyword(s):  
Financial Institutions ◽  
Supervisory Board ◽  
Secondary Data ◽  
Primary Data ◽  
Office Visits ◽  
Moral Principles ◽  
Savings And Loan ◽  
Data Source ◽  
Feasibility Test

<p><em>This study aims to determine the role of the Sharia Supervisory Board in supervising Sharia Savings and Loan Cooperatives (KSPPS) so that operations do not come out of sharia provisions. Sharia Supervisory Board includes legal assistants who have the duty to ensure and conduct supervision so that Sharia Financial Institutions are in sharia provisions. Savings and Loan Cooperatives and Sharia Financing are financial institutions that are socially based and in their activities are based on moral principles by considering haram and lawfulness of a business that is run in accordance with Islamic regulations. The method used to conduct this research is qualitative. The data source uses secondary data and primary data by collecting data in the form of interviews and documents. Based on the results of observations on KSPPS Berkah Abadi Gemilang that Supervision conducted by DPS there is still an obstacle that causes less optimal supervision, namely members of sharia supervisors who do not understand muamalah fiqh, mastery of economics and DPS rarely make office visits. In addition, one member of the DPS also does not yet have a certificate of proof of passing the exam from DSN-MUI or other standard certificates, in this case at least the results of the certificate provide a guarantee that the Sharia Supervisory Board has passed the feasibility test to become the Sharia Supervisory Board. KSPPS Berkah Abadi Gemilang in practice also still has errors, the Ba'I Bi'saman Ajil contract which is supposed to be a sale and purchase agreement but made as a financing and error in determining the margin based on the presentation of the money lent.</em></p>

scholarly journals Dilemma of Business Climate and The "Real Climate"

2021 ◽  
Vol 25 (1) ◽  
pp. 210
Author(s):  
Faradiba Faradiba
Keyword(s):  
Climatic Conditions ◽  
Least Square ◽  
Climate Data ◽  
Business Climate ◽  
Non Profit ◽  
Ordinary Least Square ◽  
Industrial Enterprises ◽  
Independent Variable ◽  
The Village

The role of business in advancing the economy and welfare is highly expected in the community. In the development of a business that occurs, it often sacrifices non-profit aspects, such as the environment. The indirect impact that can arise from business development is climate change. This study uses climate data and the number of industrial enterprises by type at the village level, to determine the effect of business on the climate that occurs. This study uses ordinary least square, to determine the role of each independent variable. The results of this study indicate that an increase in 1,000 of these types of businesses will result in an increase in temperature of 1 oC. Furthermore, an increase in 1,000 types of business will reduce rainfall by 11 to 64 mm. Government and community efforts are needed to maintain climatic conditions for the sustainability of the ecosystem.

THE INFLUENCE OF RELIGION AND SOCIAL INEQUALITY ON FINANCIAL INCLUSION

2018 ◽  
Vol 65 (01) ◽  
pp. 193-216 ◽  
Author(s):  
DAI-WON KIM ◽  
JUNG-SUK YU ◽  
M. KABIR HASSAN
Keyword(s):  
Social Inequality ◽  
Correlation Effect ◽  
Financial Inclusion ◽  
Least Square ◽  
Spatial Effects ◽  
Spatial Error ◽  
Ordinary Least Square ◽  
Muslim Countries ◽  
Analysis Models

We examined the influence of religious and social inequality factors on financial inclusion based on the fact that Muslim countries mostly have the lower level of financial inclusion around the globe. To do that, first, we calculated the financial inclusion indices (FIIs) of 152 countries including 48 OIC countries. Then, we examined the effect of religious and social inequality factors on financial inclusion using ordinary least square (OLS). Subsequently, we examined the Moran’s-I test in the OLS models and estimated spatial autocorrelation (SAR) models and spatial error model (SEM) in order to include the spatial correlation effect on the estimate models. Through these estimations, we found that the religious factors, such as whether OIC or non-OIC, religious diversity and Muslim population, have obvious effects on determination of financial inclusion. In addition, we also verified social inequality factors, such as gender inequality, education level and social opportunity level, work as determinants of financial inclusion. Moreover, we found the evidence that financial inclusion itself and unknown factors of neighbor countries have effects on financial inclusion by identifying the spatial effects of analysis models.

Collective action among rural poor

2019 ◽  
Vol 37 (1) ◽  
pp. 20-43
Author(s):  
George Okello Candiya Bongomin ◽  
John C. Munene ◽  
Joseph Mpeera Ntayi ◽  
Charles Akol Malinga
Keyword(s):  
Collective Action ◽  
Financial Institutions ◽  
Financial Intermediation ◽  
Financial Inclusion ◽  
Content Type ◽  
Mediating Role ◽  
The Poor ◽  
Bootstrap Approach ◽  
The Relationship

PurposeThe purpose of this paper is to establish the mediating role of collective action in the relationship between financial intermediation and financial inclusion of the poor in rural Uganda.Design/methodology/approachThe paper uses structural equation modeling (SEM) through bootstrap approach constructed using analysis of moment structures to test for the mediating role of collective action in the relationship between financial intermediation and financial inclusion of the poor in rural Uganda. Besides, the paper adopts Baron and Kenny’s (1986) approach to establish whether conditions for mediation by collective action exist.FindingsThe results revealed that collective action significantly mediates the relationship between financial intermediation and financial inclusion of the poor in rural Uganda. The findings further indicated that the mediated model had better model fit indices than the non-mediated model under SEM bootstrap. Furthermore, the results showed that both collective action and financial intermediation have significant and direct impacts on financial inclusion of the poor in rural Uganda. Therefore, the findings suggest that the presence of collective action boost financial intermediation for improved financial inclusion of the poor in rural Uganda.Research limitations/implicationsThe study used quantitative data collected through cross-sectional research design. Further studies through the use of interviews could be adopted in future. Methodologically, the study adopted use of SEM bootstrap approach to establish the mediating effect of collective action. However, it ignored the Sobel’s test and MedGraph methods. Future studies could adopt the use of alternative methods of Sobel’s test and MedGraph. Additionally, the study focused only on semi-formal financial institutions. Hence, further studies may consider the use of data collected from formal and informal institutions.Practical implicationsPolicy makers and managers of financial institutions should consider the role of collective action in promoting economic development, especially in developing countries. They should create structures and design financial services and products that promote collective action among the poor in rural Uganda.Originality/valueAlthough several scholars have articulated financial inclusion based on both the supply and demand side factors, this is the first study to test the mediating role of collective action in the relationship between financial intermediation and financial inclusion of the poor in rural Uganda using SEM bootstrap approach. Theoretically, the study combines the role of collective action with financial intermediation to promote financial inclusion. Financial intermediation theory ignores the role played by collective action in the intermediation process between the surplus and deficit units.

Journey of Financial Inclusion Driven by Indian Banking Industry

2018 ◽  
pp. 186-223
Author(s):  
Abhineet Saxena ◽  
Ashish Sharma
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Rural Areas ◽  
Rural Population ◽  
Banking Industry ◽  
Financial Inclusion ◽  
North Eastern ◽  
North Eastern Part ◽  
Made In

Financial institutions, especially banks, have proved to be a boon for the economic development of a country like India. An attempt has been made in the present chapter to analyze the state of financial inclusion and the role of banking in achieving full financial inclusion in India. The journey of financial inclusion through banking in India has been critically appraised. Some of the important outcomes that can be highlighted are increased banking access of rural population in past few years together with the huge expansion in banking infrastructure in rural areas. Banking in India has been transformed with the introduction of PMJDY, BC Model, etc. Increasing trend has been observed in IMPS and M-Wallet penetration. North-eastern part of the country is still a challenge in the way of financial inclusion. The journey of financial inclusion on the wheels of Indian banking industry is still in search of the ultimate destination, and it will take miles to achieve full financial inclusion.

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.

Innovation and Financial Inclusion in Kenya Innovation and Financial Inclusion in Kenya

2017 ◽  
pp. 207-227
Author(s):  
Josphat Njuguna Omanga ◽  
Johannes Kabderian Dreyer
Keyword(s):  
Mobile Phone ◽  
Financial Services ◽  
Financial Innovation ◽  
Disruptive Innovation ◽  
Financial Inclusion ◽  
Mobile Service ◽  
Informal Providers ◽  
Money Transfers

This chapter analyzes the role of financial innovation and mobile phone technologies to financial inclusion in Kenya. In order to do so, a case study on M-PESA is conducted, the leading mobile service of money transfers in Africa, which is offered by Safaricom. M-PESA services are cheap and easy to use in comparison to other formal and informal providers of financial services. It solves two different problems in Kenya: customers do not have to travel anymore long distances to reach financial services and more people can afford them. As result and in line with the literature, this chapter suggests that M-PESA services can be considered a type of disruptive innovation that promotes financial inclusion and wealth growth in Kenya.

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