Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa
Abstract Background This paper examined the effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa. A simple random sampling technique was used to select 280 respondents from a total of 344 ben...
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| Format: | Article |
| Language: | English |
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BMC
2017-09-01
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| Series: | Agriculture & Food Security |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s40066-017-0122-8 |
| _version_ | 1811327349488091136 |
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| author | Idowu Oladele Lucky Ward |
| author_facet | Idowu Oladele Lucky Ward |
| author_sort | Idowu Oladele |
| collection | DOAJ |
| description | Abstract Background This paper examined the effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa. A simple random sampling technique was used to select 280 respondents from a total of 344 beneficiaries. A structured questionnaire was used to collect data from November 2015 to March 2016, which was analysed using the Statistical Package for Social Sciences (SPSS) with frequencies, percentages and Wilcoxon signed-rank test. Results The results of the study show that there has been a significant change on livelihood assets after MAFISA support. The proportion of access and ownership of livelihood assets increased for most of the indicators of the assets by at least 90% after MAFISA support. Wilcoxon signed-rank test results revealed that access to financial capital from banks improved substantially (Z scores = 15.556; p value = 0.000) and cooperatives (Z score = −11.305; p value = 0.000). Respondents are now able to associate and form some networks with others (Z score = −15.875; p value = 0.000), network with government (Z score = −15.811; p value = 0.000) and network with the private sector (Z score = −15.363; p value = 0.000). Conclusions The study concludes that access to microfinance leads to significant changes in financial, social, natural, human, physical and social livelihood assets after MAFISA support. The proportion of access and ownership of livelihood assets increased for most of the indicators of the assets by at least 90% after MAFISA support. Statistical significant differences confirmed the changes in the proportion of beneficiaries before and after MAFISA support such as access to financial capital from banks improved substantially and cooperatives, networking with others, network with government and network with the private sector as well as increasing their skills and competencies as well as their physical asset accumulation. |
| first_indexed | 2024-04-13T15:06:15Z |
| format | Article |
| id | doaj.art-00507e9cc6fd4141a99e98e054bbfaea |
| institution | Directory Open Access Journal |
| issn | 2048-7010 |
| language | English |
| last_indexed | 2024-04-13T15:06:15Z |
| publishDate | 2017-09-01 |
| publisher | BMC |
| record_format | Article |
| series | Agriculture & Food Security |
| spelling | doaj.art-00507e9cc6fd4141a99e98e054bbfaea2022-12-22T02:42:09ZengBMCAgriculture & Food Security2048-70102017-09-016111310.1186/s40066-017-0122-8Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South AfricaIdowu Oladele0Lucky Ward1Department of Agricultural Economics and Extension, North West University Mafikeng CampusDepartment of Agricultural Economics and Extension, North West University Mafikeng CampusAbstract Background This paper examined the effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa. A simple random sampling technique was used to select 280 respondents from a total of 344 beneficiaries. A structured questionnaire was used to collect data from November 2015 to March 2016, which was analysed using the Statistical Package for Social Sciences (SPSS) with frequencies, percentages and Wilcoxon signed-rank test. Results The results of the study show that there has been a significant change on livelihood assets after MAFISA support. The proportion of access and ownership of livelihood assets increased for most of the indicators of the assets by at least 90% after MAFISA support. Wilcoxon signed-rank test results revealed that access to financial capital from banks improved substantially (Z scores = 15.556; p value = 0.000) and cooperatives (Z score = −11.305; p value = 0.000). Respondents are now able to associate and form some networks with others (Z score = −15.875; p value = 0.000), network with government (Z score = −15.811; p value = 0.000) and network with the private sector (Z score = −15.363; p value = 0.000). Conclusions The study concludes that access to microfinance leads to significant changes in financial, social, natural, human, physical and social livelihood assets after MAFISA support. The proportion of access and ownership of livelihood assets increased for most of the indicators of the assets by at least 90% after MAFISA support. Statistical significant differences confirmed the changes in the proportion of beneficiaries before and after MAFISA support such as access to financial capital from banks improved substantially and cooperatives, networking with others, network with government and network with the private sector as well as increasing their skills and competencies as well as their physical asset accumulation.http://link.springer.com/article/10.1186/s40066-017-0122-8MicrofinanceLivelihoodAssetsWilcoxon signed-rank testFinancial support |
| spellingShingle | Idowu Oladele Lucky Ward Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa Agriculture & Food Security Microfinance Livelihood Assets Wilcoxon signed-rank test Financial support |
| title | Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa |
| title_full | Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa |
| title_fullStr | Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa |
| title_full_unstemmed | Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa |
| title_short | Effect of Micro-Agricultural Financial Institutions of South Africa financial services on livelihood capital of beneficiaries in North West Province South Africa |
| title_sort | effect of micro agricultural financial institutions of south africa financial services on livelihood capital of beneficiaries in north west province south africa |
| topic | Microfinance Livelihood Assets Wilcoxon signed-rank test Financial support |
| url | http://link.springer.com/article/10.1186/s40066-017-0122-8 |
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