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Article . 2013
License: CC BY
Data sources: Datacite
ZENODO
Article . 2013
License: CC BY
Data sources: Datacite
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Microfinance Implementation and Financial Independence Amongst Senegalese Households in Equatorial Guinea: A Mixed Methods Inquiry

Authors: Nguema, Fernando;

Microfinance Implementation and Financial Independence Amongst Senegalese Households in Equatorial Guinea: A Mixed Methods Inquiry

Abstract

Microfinance programmes have been implemented in various African contexts to promote financial independence among marginalized populations. This study focuses on Senegalese households in Equatorial Guinea, examining how microfinance initiatives contribute to their economic empowerment. This study employs both qualitative and quantitative methodologies. Qualitative data are collected through interviews with participants and focus groups to capture detailed narratives about their microfinance experience. Quantitative data are gathered via surveys designed to measure financial outcomes and satisfaction levels among the sample population. The analysis reveals that approximately 60% of respondents experienced improved financial stability, with significant reductions in debt levels observed over a year following programme enrollment. Participants highlighted challenges such as interest rate fluctuations and bureaucratic hurdles affecting their financial progress. Microfinance programmes have shown promise in fostering financial independence among Senegalese households in Equatorial Guinea; however, ongoing support and policy adjustments are required to mitigate identified issues. Policy makers should consider implementing more transparent interest rates and streamlining bureaucratic procedures to enhance the efficacy of microfinance initiatives. Furthermore, community-based support networks could be established to provide additional assistance.

Keywords

community development, participatory action research, African geography, quantitative analysis, microfinance, indigenous knowledge systems, qualitative methods

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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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