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Article . 2003
License: CC BY
Data sources: Datacite
ZENODO
Article . 2003
License: CC BY
Data sources: Datacite
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Microfinance's Impact on Rural Senegal's Small Farmers' Livelihood Security in 2003

Authors: Diop, Mamadou;

Microfinance's Impact on Rural Senegal's Small Farmers' Livelihood Security in 2003

Abstract

This study examines the impact of microfinance on the livelihood security of small farmers in rural Senegal in . A mixed-methods approach was employed, combining quantitative data from surveys with qualitative insights from interviews and focus groups conducted among selected beneficiaries in five rural communities across Senegal. Microfinance programmes led to a significant increase (30%) in savings rates among farmers, enabling them to invest more in their farms. However, challenges such as high interest rates and bureaucratic processes hindered financial growth for some participants. The findings suggest that while microfinance can enhance farmers' economic resilience, it requires tailored support mechanisms to mitigate adverse effects on vulnerable groups. Policy makers should introduce more flexible loan terms and facilitate easier access to credit facilities. Community-based training programmes could also be beneficial in improving financial literacy among beneficiaries.

Keywords

African Geography, Smallholder Agriculture, Livelihood Security, Microfinance, Rural Economics, Quantitative Research, Community Development

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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