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oapen-20.500.12657-539072022-06-21T11:34:27Z Financial inclusion Simatele, Munacinga C. Dube, Ziphozethu Khumalo, Sibanisezwe Ssonko, George W. Kawooya, Duncan R. Bwalya, Miselo Dlamini, Phindile G. Kichini, Gilbert Kabange, Martin M. Dlova, Mzwanele Mishi, Syden Mutyavaviri, Timothy Simatele, Munacinga C. Poverty microfinancing savings microcredit financial inclusion Africa African finance bic Book Industry Communication::K Economics, finance, business & management Financial inclusion has been noted as a key driver of poverty alleviation and growth. Yet, most of the scholarly work that exists lacks a comprehensive discussion of how the poor interact with financial services and the channels through which such services can affect their livelihoods. This book offers researchers who focus on financial inclusion and African economies a one stop resource for understanding the channels of transmission for financial inclusion as well as an application of these channels through original country specific empirical papers. The book provides a back-to-basics presentation of the transmission of financial services to growth and poverty. This theoretical discussion is complemented by an empirical presentation of the various services used by the poor, with a focus on Africa. Case studies of financial inclusion in six African countries cover a broad range of topics most important to African countries and highlight the unique African setting. These empirical papers provide important learning points. Firstly, hybrid financial institutions such as cooperative financial institutions and financial social entrepreneurs are the best way to increase financial inclusion in Africa. They provide important vehicles to circumventing the restrictive and exclusive bank-based financial markets typical of African economies. Secondly, digital finance is a potent tool in improving financial access and usage in Africa, and its impact on poverty operates through both traditional and nontraditional financial instruments. Thirdly, investment in infrastructure which supports complementary markets is critical and is likely to have a greater effect on credit rationing than direct provision of credit to small businesses. 2022-04-08T09:44:40Z 2022-04-08T09:44:40Z 2021 book ONIX_20220408_9781776341818_14 9781776341818 9781776341795 9781776341801 https://library.oapen.org/handle/20.500.12657/53907 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 9781776341818.pdf https://aosis.myshopify.com/products/financial-inclusion-basic-theories-and-empirical-evidence-from-african-countries-print-copy AOSIS 10.4102/aosis.2021.BK255 10.4102/aosis.2021.BK255 d7387d49-5f5c-4cd8-8640-ed0a752627b7 North-West University 9781776341818 9781776341795 9781776341801 314 Durbanville open access
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Financial inclusion has been noted as a key driver of poverty alleviation and growth. Yet, most of the scholarly work that exists lacks a comprehensive discussion of how the poor interact with financial services and the channels through which such services can affect their livelihoods. This book offers researchers who focus on financial inclusion and African economies a one stop resource for understanding the channels of transmission for financial inclusion as well as an application of these channels through original country specific empirical papers. The book provides a back-to-basics presentation of the transmission of financial services to growth and poverty. This theoretical discussion is complemented by an empirical presentation of the various services used by the poor, with a focus on Africa. Case studies of financial inclusion in six African countries cover a broad range of topics most important to African countries and highlight the unique African setting. These empirical papers provide important learning points. Firstly, hybrid financial institutions such as cooperative financial institutions and financial social entrepreneurs are the best way to increase financial inclusion in Africa. They provide important vehicles to circumventing the restrictive and exclusive bank-based financial markets typical of African economies. Secondly, digital finance is a potent tool in improving financial access and usage in Africa, and its impact on poverty operates through both traditional and nontraditional financial instruments. Thirdly, investment in infrastructure which supports complementary markets is critical and is likely to have a greater effect on credit rationing than direct provision of credit to small businesses.
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