The Effectiveness of Selected Financial Inclusion Strategies: Evidence a Developing Country

Bernard Gambe () and Maxwell Sandada ()
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Bernard Gambe: University of Zimbabwe
Maxwell Sandada: University of Zimbabwe

Acta Universitatis Danubius. OEconomica, 2018, issue 14(3), 59-64

Abstract: Objectives: The study sought to establish the effectiveness of financial inclusion strategies namely National Micro finance Policy, Post Office Savings Bank loans, mobile financial services, Agency Banking, Shared Infrastructure Network, Insurance policy provisions. The study builds on previous work that has identified financial inclusion strategies but have not established their effectiveness. A Hypothetico-deductive approach was used to survey randomly selected 118 Micro, Small to Medium enterprises owners/managers in Zimbabwe. National Micro finance Policy, Post Office Savings Bank loans, mobile financial services have statistically significant effects on financial inclusion. Agency Banking, Shared Infrastructure Network, and Insurance provisions exhibited negative effects on financial inclusion. The results of the study provide inform financial services sector managers, policy makers as well as academics that National Micro finance Policy, Post Office Savings Bank loans, mobile financial services are statistically significant factors that influence financial inclusion. The results help them to effectively implement the strategies to ensure increased levels of financial inclusion. The majority of studies have only established financial inclusion strategies but have not gone further to establish the effectiveness of such strategies. The current study closed the gap by identifying the impact of each strategy.

Keywords: National micro finance policy; Mobile financial services; Agency banking; Shared infrastructure network; Insurance policy provisions (search for similar items in EconPapers)
Date: 2018
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