Problems Facing the Establishment of Banks In Rural Areas of Lundazi District of Eastern Zambia.

Problems Facing the Establishment of Banks In Rural Areas of Lundazi District of Eastern Zambia.

Registration ID: IJNRD_183493

Published ID: IJNRD2210112

DOI: Click Here to Get

Mr. Follence Chilonge , Dr .S. Thandayuthapani

FISF:Financial Inclusion Support Frame work (World Bank) MNO:Mobile Network Operator P2G: Person-to-Government G2P: Government-to-person RFPS: Rural Finance Policy and Strategy

Banks play a very important role in the economic development of the country and banking system is called as the backbone of the economy. In spite of the rural population being 60% of the Zambia’s productive population, banks in the rural Zambia are not operating in them, sitting their own reasons for doing so. This paper focuses on the reasons faced by commercial banks for not operating in rural areas of Lundazi District. This research paper is based on primary and secondary data. Sample of 100 respondents were studied in rural areas of Lundazi District. This paper revealed some reasons why commercial banks shun operating in the rural parts of Lundazi District such as: network platforms for digital financial services in the country, which limits uptake. However, the most widely cited reason for not using digital financial services in the country is related to knowledge about how to use the services. Other challenges include, but are not limited to, the cost of using the services, little confidence in the security and privacy of the systems, low transaction thresholds, inadequacies in the product design, and a general preference for using cash as opposed to digital payments.

Published Paper   E-Certificate

"Problems Facing the Establishment of Banks In Rural Areas of Lundazi District of Eastern Zambia.", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.7, Issue 10, page no.932-942, October-2022, Available :https://ijnrd.org/papers/IJNRD2210112.pdf

Volume 7 Issue 10, October-2022

Pages : 932-942

Paper Reg. ID: IJNRD_183493

Published Paper Id: IJNRD2210112

Downloads: 000121158

Research Area: Engineering

Country: -, -, Zambia

Published Paper PDF: https://ijnrd.org/papers/IJNRD2210112.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2210112

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

IJNRD is Scholarly open access journals, Peer-reviewed, and Refereed Journals, High Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool), Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) with Open-Access Publications.

INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

Indexing In Google Scholar, SSRN, ResearcherID-Publons, Semantic Scholar | AI-Powered Research Tool, Microsoft Academic, Academia.edu, arXiv.org, Research Gate, CiteSeerX, ResearcherID Thomson Reuters, Mendeley : reference manager, DocStoc, ISSUU, Scribd, and many more

How to submit the paper?

Important Dates for Current issue

Paper Submission Open For: August 2025

Current Issue: Volume 10 | Issue 8

Last Date for Paper Submission: Till 31-Aug-2025

Notification of Review Result: Within 1-2 Days after Submitting paper.

Publication of Paper: Within 01-02 Days after Submititng documents.

Frequency: Monthly (12 issue Annually).

Journal Type: International Peer-reviewed, Refereed, and Open Access Journal.

Subject Category: Research Area