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- W3157787757 abstract "The study is an examination of how accessible financial services are, especially themicrofinance for women in Akoko areas of Ondo State. The target population was 400women in the study area, which includes all the four local government areas of Akokoarea. The researchers used both the descriptive and logit regression techniques. Thedescriptive statistics revealed that majority of the respondents (31%) received lowermonthly income below N 20,000. Also, 36% of the respondents had access to depositmoney bank, microfinances (41%), ATMs (13%), POSs (7%), mobile agent (2%) and 1%for other forms of financial services. The logit regression showed that 33.6% of therespondents were likely to experience decline in poverty level compared to people thatare financially excluded in the areas, 14.9% women are likely to be poorer than theirmale counterparts when they are financially excluded and empowerment of womenreduced poverty level by 25.0%. The researchers concluded that women in the four localgovernment areas of Akoko in Ondo state have access to financial services throughmicrofinance, which has reduced the severity of poverty among them. And it was,therefore, recommended that Central Bank of Nigeria should deepen financial inclusionthrough the introduction of capital encouragement funds with little interest rate thatmicrofinance banks would be the ones to introduce it to their customers. Also,microfinance banks should embrace the aspect of non-financial services." @default.
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- W3157787757 date "2021-04-30" @default.
- W3157787757 modified "2023-09-27" @default.
- W3157787757 title "Accessibility of Financial Inclusion among Women in Akoko Areas of Ondo State, Nigeria" @default.
- W3157787757 hasPublicationYear "2021" @default.
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