scholarly journals Challenges to Accessing Credit Financing from Financial Institutions by the Urban Based Street Vendors: Experience from Dar Es Salaam – Tanzania

2021 ◽  
Vol 17 (1) ◽  
pp. 65
Author(s):  
Emmanuel J. Munishi ◽  
Pauline N. Songa ◽  
Mubarack H. Kirumirah
Keyword(s):  
Interest Rates ◽  
Financial Institutions ◽  
Financial Support ◽  
Group Discussion ◽  
Secondary Data ◽  
Dar Es Salaam ◽  
Random Sample Size ◽  
Street Vendors ◽  
Business Policy ◽  
Credit Financing

This study assessed challenges to accessing credit financing from Financial Institutions by the urban based street vendors in Dar es Salaam - Tanzania and recommends strategies for ensuring effective access to this crucial service. The study utilised mixed methods approach design and data were collected through interview, questionnaire, Focus Group Discussion (FGD), review of secondary data, and observation techniques based on the purposive and random sample size of 104 respondents. The quantitative data were analysed descriptively by using Statistical Packages of Social Science (SPSS) while the Qualitative data were analysed content-wise by using MAXQDA software. Findings show that generally vendors were incapable of sufficiently accessing financial support from the financial institutions due to a number of reasons. These reasons include the vendors’ inability to comply with the established procedures for accessing financial support, lack of financial information relating to when, how and where to acquire the financial service, vendors’ inability to afford collaterals against the credit financing as well as too high loans interest rates. Another one is lack of relevant documents by the vendors required for accessing credit financing. In order to resolve the challenges, the researchers recommended equipping vendors with relevant credit financing information, prioritising provision of group loans to vendors as well as organizing the street vendors into groups. Other strategies to consider would be reduction of loan interest rates by the institutions, eliminating bureaucracy in accessing credit as well as engaging in business policy advocacy in favour of the vendors to access financial support.

scholarly journals INFLUENCE OF INTEREST RATE ON THE FINANCIAL PERFORMANCE OF AGRICULTURAL FIRMS LISTED AT THE NAIROBI SECURITIES EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 19
Author(s):  
Dr. Samuel Kanga Odalo ◽  
Dr. George Achoki ◽  
Dr. Amos Njuguna
Keyword(s):  
Interest Rate ◽  
Financial Performance ◽  
Interest Rates ◽  
Financial Institutions ◽  
Secondary Data ◽  
Primary Data ◽  
Multivariate Regression Model ◽  
Interest Rate Spread ◽  
Using Data ◽  
The Interest Rate

Purpose: The purpose of this study was to establish to establish the influence of interest rate on the financial performance of agricultural firms listed at the Nairobi Securities Exchange.Methodology: The research design adopted was descriptive and causal (explanatory). A census approach was adopted and all the seven listed agricultural companies were taken as the population. The respondents’ sample was from finance departments at all levels and 220 questionnaires were administered. Primary data was collected using questionnaires while the secondary data was collected using data collection sheets from the firms as well as from the Nairobi Securities Exchange and CMA records. The particular inferential statistic was regression and correlation analysis. Panel data methodology was employed using a multivariate regression model to test the hypotheses and link the variables.Results: The findings revealed that interest rate has a positive and significant relationship with ROA, ROE and EPS. In addition, the findings from the interaction of the independent variables and the interest rate revealed that interest rate moderate the effect of financial performance of agricultural firms listed at the Nairobi Securities Exchange.Unique contribution to theory, practice and policy: The study recommends that financial institutions and banks in Kenya should assess their clients which include agricultural firms listed in NSE while setting up interest rates policies, as ineffective interest rate policies can increase the level of interest rates and consequently cost of borrowing and negate financial performance of the borrowing firms. The study also recommends that the Central Bank should apply stringent regulations on interest rates charged by financial institutions so as to regulate their interest rate spread.

scholarly journals Contribution of Law Enforcement Institutions in Protecting Street Children’s Rights in Dar Es Salaam, Tanzania

2019 ◽  
pp. 1-10
Author(s):  
Emanuel E. Chingonikaya ◽  
Farida S. Salehe
Keyword(s):  
Law Enforcement ◽  
Group Discussion ◽  
Street Children ◽  
Secondary Data ◽  
Children's Rights ◽  
Dar Es Salaam ◽  
Children’S Rights ◽  
Primary Data ◽  
Cross Sectional ◽  
Rights Of The Child

Tanzania is one of the countries which have ratified the UN Convention on the Rights of the Child which means they are committed to protecting the rights of all children. Moreover, over 50% of the population of Tanzania is aged 18 years and under, the need to invest in the development and protection of children becomes more important. There is an increasing number of street children in many cities in Tanzania. The reasons for causing street children are widely known. There are law enforcement institutions for protecting children. However, it is not widely known on the contribution of these institutions in protecting street children rights. The study determined the contribution of law enforcement institutions in protecting Street children's rights. Specific objectives of the research were to examine the roles of law enforcement institutions in protecting children's rights at various levels of the society and determine the community's attitude towards violation of children’s rights. The study was conducted in Temeke and Ilala municipalities in Dar es Salaam city. A cross-sectional research design was adopted. A representative sample of 120 street children was used. Both primary and secondary data were collected. A questionnaire survey, focus group discussion, key informant interview and personal observation methods were used to collect the primary data. The Statistical Package for Social Science (SPSS) for Windows Version 12.0 was used for data analysis. Results of this study revealed that some of the street children's rights for protection were being violated by various law enforcement institutions. From the perspective of communities, many of them regarded the street children as criminals. The study concludes that many street children to get the rights for protection. From the findings, it is recommended that law enforcement institutions should not always use forces due to the notion that street children are criminals.

CURRENT SITUATION OF SMALL BUSINESS FINANCIAL AND CREDIT SUPPORT IN UKRAINE

2019 ◽  
Author(s):  
K. Shafranova ◽  
L Kazheva
Keyword(s):  
Small Business ◽  
Interest Rates ◽  
Financial Institutions ◽  
Small Businesses ◽  
Financial Support ◽  
Business Environment ◽  
Single Tax ◽  
Banking Institutions ◽  
The Creation ◽  
Business Entities

Keywords: small business, financial support, self-financing, government financing, bank lending The purpose of the study is to investigate the problems and find ways to improve the efficiency of financial support for small business in today's business environment. Research results. Summarizing the research findings, it can be stated that small business is characterized by a lack of sufficient financial resources, which is facilitated by a variety of reasons: insufficient level of profit, lack of knowledge and ability to make depreciation, insufficient level of own savings and funds formed. All this necessitates the development of a broad network of financial and credit support for small businesses. Particularly urgent is the issue of lending to small businesses in rural areas, the vast majority of which are limited in lending opportunities, characterized by low competitiveness and lack of qualifications for obtaining a loan. Not every small business is able to pay high enough interest rates. Thus, the high cost of lending makes banking resources for small businesses unprofitable. A major problem for most small businesses is securing a loan, that is, a security deposit. Public financial support for the creation and development of small businesses is not yet effective enough. Its improvement requires the solution of three key problems: the creation of an extensive network of small cooperative banks specializing in lending to small businesses; expanding the base of lending to small business entities and reducing interest rates on loans; intensification of cooperation with foreign financial institutions operating in the field of small business. Due to unfounded tax reform, the fiscal burden on small businesses has increased, and relations with the fiscal authorities have remained unsettled. Due to the limitation of the possibility to include in the expenses of the taxpayer the sums paid or accrued in favor of the individual - the payer of a single tax for the services rendered by that person, the delivered goods, works performed, thousands of natural persons-payers of a single tax - are left to attribute to the costs without the market of their sales. goods and services and are forced to close their businesses. Non-banking financial institutions play a significant role in lending to small businesses. The formation of non-banking institutions at the regional level should have high-quality organizational support, which requires the interaction of local governments, financial institutions and business entities. Therefore, creating an effective support system for small businesses, including close interaction between banking institutions and the non-banking financial sector, credit unions, insurance funds, leasing, venture capital firms, creates the basis for flexible credit policies, effective financing for small businesses. Addressing the range of problems associated with the financial support of small businesses will significantly increase the role of this important segment of the economy in deepening rural market relations. Conclusions. Therefore, the structure of financial support for small business development is suboptimal: self-financing is the preferred form of financing, while the sources involved must ensure the effective development of small business. Conducting active economic reforms, stable political situation will contribute to stabilization and further growth of the economy, which in turn will expand sources of financing, increase the effectiveness of financial support, activate the development of small business as a whole.

Effects of Financial Innovations on Profitability for Deposit Taking Microfinancing Institutions in Kenya

2018 ◽  
Vol 9 (6) ◽  
pp. 529-536
Author(s):  
Martin Khoya Odipo ◽  
Keyword(s):  
Financial Institutions ◽  
Positive Relationship ◽  
Financial Institution ◽  
Secondary Data ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Financial Innovations ◽  
Strong Positive Relationship

Recent studies have documented that innovations improve profitability of firms. This article documents that deposit taking micro financial institutions that have adopted financial innovations have increased their profitability. The study covered five years between 2009-2013. Both primary and secondary data were used in the study. Primary data was obtained through administration of drop and pick questionnaires to selected employees of the institutions. Secondary data was obtained from financial statements and management reports of these deposit taking microfinance institutions. Data was analyzed using descriptive statistics, return on asset and multi-liner regression model to determine the effect of each financial innovation applied on profitability on the micro-financial institution. The results showed that most deposit taking microfinance institutions adopted these financial innovations in their current operations. There was strong positive relationship between individual innovations and profitability. In line with profitability ROA also showed improvement each year after the adoption of these financial innovations.

DETERMINAN INFLASI DI INDONESIA PERIODE 1980-2015

2016 ◽  
Vol 21 (1) ◽  
pp. 1-7
Author(s):  
Risna Risna
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Government Spending ◽  
Positive Impact ◽  
Secondary Data ◽  
Quantitative Approach ◽  
State Spending ◽  
Factors Affecting ◽  
The Interest Rate

This study aims to determine the effect of government spending, the money supply, the interest rate of Bank Indonesia against inflation.This study uses secondary data. Secondary data were obtained directly from the Central Bureau of Statistics and Bank Indonesia. It can be said that there are factors affecting inflationas government spending, money supply, and interest rates BI. The reseach uses a quantitative approach to methods of e-views in the data. The results of analysis of three variables show that state spending significantand positive impact on inflationin Indonesia, the money supply significantand negative to inflationin Indonesia, BI rate a significantand positive impact on inflation in Indonesia

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

APAKAH FAKTOR EKSTERNAL MEMPREDIKSI UNDERPRICING LEBIH BAIK DIBANDINGKAN FAKTOR INTERNAL? STUDI INITIAL PUBLIK OFFERING DI BEI TAHUN 2009-2017

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Saefudin Saefudin ◽  
Tri Gunarsih
Keyword(s):  
Interest Rates ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Secondary Market ◽  
Company Size ◽  
Negative Effect ◽  
Underwriter Reputation ◽  
Public Offering

Underpricing is a phenomenon that still occurs in the Indonesian capital market, where the offering price of shares in the primary market is lower than the opening price or closing price on the first day on the secondary market. This study aims to examine the effect of Return On Assets (ROA), Debt to Equity Ratio (DER), company size, underwriter reputation, age, and interest rates on the underpricing of shares in companies’s Initial Public Offering (IPO) listing on the Indonesia Stock Exchange (BEI) in 2009 to 2017. The population in this study are companies that conduct IPOs on the BEI period 2009 to 2017. The sample selection in this study uses a purposive sampling method, based on certain criteria. The sample in this study were 183 underpricing companies from 205 companies conducting IPO in the period 2009 to 2017. The data used in this study used secondary data. The multiple regression analysis was implemented in this study. The results showed that DER, company size, and underwriter reputation did not significantly influence underpricing. While ROA, age and interest rates have a significant negative effect on underpricing. In this study, investors consider ROA, age, interest rates compared to DER, company size, and the reputation of the underwriter to invest in companies that make an IPO.Keywords: Underpricing, Initial Public Offering, and Indonesian Stock Exchange.

scholarly journals A Review of the Recent Developments of Green Banking in Bangladesh

2021 ◽  
Vol 13 (4) ◽  
pp. 1904
Author(s):  
Fatema Khairunnessa ◽  
Diego A. Vazquez-Brust ◽  
Natalia Yakovleva
Keyword(s):  
Central Bank ◽  
Financial Institutions ◽  
Financial Regulation ◽  
Economic Transition ◽  
Secondary Data ◽  
Developed Countries ◽  
Annual Reports ◽  
Infrastructure Development ◽  
Recent Developments ◽  
The Developed Countries

This paper aims to explore the emergence of ‘Green Banking’ in Bangladesh, with a focus on the role of financial regulation and regulators in greening the financial sector. It also examines the contribution and involvement of banks and non-bank financial institutions in promoting green economic transition. The study is based on the review of secondary data collected from various sources, such as quarterly reports, annual reports, websites of the central bank of Bangladesh, and other commercial banks and non-bank financial institutions as well as various articles, and newspapers reports on green banking in Bangladesh. The collected data is reviewed using descriptive statistics. The research results reveal that the central bank of Bangladesh played a major role in greening the financial system of the country by implementing various green policies and regulatory measures. Although Bangladesh is still far behind the developed countries in terms of environmental performance, the country has made a remarkable progress in initiating and expanding green banking practices, infrastructure development, and accelerating green growth in recent years.

APPLICATION OF AKAD IJARAH ISLAMIC LAW IN THE AL-QUR'AN

ISLAMIKA ◽  
2020 ◽  
Vol 14 (1) ◽  
pp. 1-11
Author(s):  
Ade Jamarudin ◽  
Ofa Ch Pudin
Keyword(s):  
Financial Institutions ◽  
Islamic Law ◽  
Financial Institution ◽  
Field Research ◽  
Secondary Data ◽  
Research Field ◽  
Islamic Banking ◽  
Library Research ◽  
Human Labor ◽  
Leasing Company

Ijarah is a contract on the transfer of goods or services with rewards instead. Ijarah based transactions with the displacement benefit (rights to), not transfer of ownership (property rights), there ijara financing translates as buying and selling services (wages hired), that take advantage of human power, there is also a translate lease, which take advantage of goods. Application ijarah growing financial institutions in the current Shari'ah is happening on the leasing company (financial institution based on Islamic teachings, as well as Islamic banking is one of the products in Islamic finance. Application ijarah emerging financial institutions shari'ah 'ah at the moment that is happening on the leasing company (financial institution based on Islamic teachings, as well as Islamic banking is one of the Islamic financing products). This research is a library research (library research) and field research (field research), and is descriptive, analytic and comparative. Data sources used in this study are sourced from primary and secondary data. Ijarah transactions are based on the transfer of benefits (use rights), not the transfer of ownership (ownership rights), some translate ijarah financing as the sale and purchase of services (wage wages), i.e., taking the benefits of human labor

London’s local Olympic legacy

2019 ◽  
Vol 12 (2) ◽  
pp. 142-163 ◽  
Author(s):  
Michael B. Duignan
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Local Development ◽  
Secondary Data ◽  
Business Failure ◽  
Business Policy ◽  
Content Type ◽  
Business Sustainability ◽  
Ex Post ◽  
Small Business Sustainability

PurposeLondon’s Candidature bid projected an irresistible legacy of lasting benefits for host communities and small businesses. Yet, local post-Games perspectives paint a contrasted picture – one of becoming displaced. This paper aims to draw on event legacy, specifically in relation to rising rents, threats to small business sustainability and impact on place development by empirically examining London’s localembryonic legaciesforming across one ex-hosting Olympic community: Central Greenwich.Design/methodology/approachIn total, 43 interviews with local businesses (specifically, small retailers and hospitality businesses), local authorities, London-centric and national project actors and policymakers underpin analysis, supported by official London 2012 archival, documentary and media reports, were conducted to add texture and triangulate primary and secondary data sources.FindingsJuxtaposing ex ante projections vs emerging ex post realities, this paper reveals a local legacy of small business failure fuelled by rising commercial rents and a wider indifference for protecting diverse urban high streets. Embroiled in a struggle to survive, and barely recognised as a key stakeholder and contributor to legacy, small businesses have and continue to become succeeded by a new business demographic in town: monochromatic global and national chains. Typifying the pervasive shift toward clone town spaces, this article argues that corporate colonisation displaces independent businesses, serves to homogenise town centres, dilute place-based cultural offer and simultaneously stunts access to a positive local development legacy. This paper argues that such processes lead to the production of urban blandscapes that may hamper destination competitiveness.Originality/valueExamining event legacy, specifically local legacies forming across ex-host Olympic communities, is a latent, under-researched but vital and critical aspect of scholarship. Most event legacy analysis focuses on longer-term issues for residents, yet little research focuses on both local placed-based development challenges and small business sustainability and survival post-Games. More specifically, little research examines the potential relationship between event-led gentrification, associated rising rents and aforementioned clone town problematic. Revealing and amplifying the idiosyncratic local challenges generated through an in-depth empirically driven triangulation of key local business, policy, governmental and non-governmental perspectives, is a central contribution of this article missing from extant literatures. This paper considers different ways those responsible for event legacy, place managers and developers can combat such aforementioned post-Games challenges.

Sign in / Sign up

Export Citation Format

Share Document