Financial inclusion and socio economic development of women street vendors in Bugesera district, Rwanda (2018-2022)

Registration ID: IJNRD_213444

Published ID: IJNRD2402148

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Mujawamariya Elisabeth

Keywords: Financial Inclusion, Microcredits, Mobile Money Services, Savings Accounts, Socioeconomic Development, Women Street Vendors.

Abstract This study investigates the relationship between financial inclusion and the socioeconomic development of women street vendors in Nyamata town of Bugesera District, Rwanda. The study assesses the impact of microcredits, savings accounts, and mobile money services on income levels, quality of life, and business growth opportunities for these vendors. Employing a mixed-methods approach, the research involves 121 participants selected through stratified sampling. Notable findings reveal significant associations between financial tools and the socioeconomic well-being of these women. Access to microcredits demonstrates a substantial positive correlation with heightened income levels (regression coefficient of 1.23), while savings accounts exhibit a robust connection to improved business growth opportunities (regression coefficient of 0.25), Mobile money services play a crucial role in fostering financial inclusion, contributing to elevated living standards for women street vendors(regression coefficient of 0.75). Challenges such as high-interest rates underscore the need for responsible microcredit program design. The study concludes that financial inclusion empowers women street vendors, recommending continued support for microcredit initiatives, accessible savings programs, and mobile money infrastructure development. Future research should explore enduring effects, policy consequences, comparative analyses, and technological advancements tailored for marginalized communities.

Published Paper   E-Certificate

Mujawamariya Elisabeth (February-2024). Financial inclusion and socio economic development of women street vendors in Bugesera district, Rwanda (2018-2022). INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(2), b369-b381. https://ijnrd.org/papers/IJNRD2402148.pdf

Volume 9 Issue 2, February-2024

Pages : b369-b381

Paper Reg. ID: IJNRD_213444

Published Paper Id: IJNRD2402148

Downloads: 000122256

Research Area: Management

Author Type: Foreign Author

Country: Nyamata, Rwanda, Rwanda

Published Paper PDF: https://ijnrd.org/papers/IJNRD2402148.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2402148

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

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