The Buzz Around Access to Financial Services by Individuals
Expanding access to financial services is seen as a promising means of dealing with developmental challenges, reducing poverty, and promoting economic development. Greater access to financial services is essential to people’s well-being as it promotes entrepreneurship, moves people out of poverty,...
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| Format: | Article |
| Language: | English |
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University of Johannesburg
2022-09-01
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| Series: | The Thinker |
| Subjects: | |
| Online Access: | https://journals.uj.ac.za/index.php/The_Thinker/article/view/1460 |
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| _version_ | 1832583657334767616 |
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| author | Lusanda Batala |
| author_facet | Lusanda Batala |
| author_sort | Lusanda Batala |
| collection | DOAJ |
| description |
Expanding access to financial services is seen as a promising means of dealing with developmental challenges, reducing poverty,
and promoting economic development. Greater access to financial services is essential to people’s well-being as it promotes entrepreneurship, moves people out of poverty, and provides hope for a better economic future. Tools such as savings, payment, and
credit services are crucial to smoothing household level consumption, helping insure against risk, and allowing investment in education and other capital forms. As a result, many developing countries have committed to increasing people’s access to financial
services, especially the poor. However, achieving access to financial services remains a challenge despite this high-level importance. This article focuses on the determinants of individuals’ access to financial services. It uses available literature and the National Income Dynamics Survey (NIDS) data for analyses.
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| format | Article |
| id | doaj-art-6b6c4ece510a4d8f8b7c0a08cd6fd68a |
| institution | Kabale University |
| issn | 2075-2458 2616-907X |
| language | English |
| publishDate | 2022-09-01 |
| publisher | University of Johannesburg |
| record_format | Article |
| series | The Thinker |
| spelling | doaj-art-6b6c4ece510a4d8f8b7c0a08cd6fd68a2025-01-28T09:02:06ZengUniversity of JohannesburgThe Thinker2075-24582616-907X2022-09-0192310.36615/thethinker.v92i3.1460The Buzz Around Access to Financial Services by IndividualsLusanda Batala Expanding access to financial services is seen as a promising means of dealing with developmental challenges, reducing poverty, and promoting economic development. Greater access to financial services is essential to people’s well-being as it promotes entrepreneurship, moves people out of poverty, and provides hope for a better economic future. Tools such as savings, payment, and credit services are crucial to smoothing household level consumption, helping insure against risk, and allowing investment in education and other capital forms. As a result, many developing countries have committed to increasing people’s access to financial services, especially the poor. However, achieving access to financial services remains a challenge despite this high-level importance. This article focuses on the determinants of individuals’ access to financial services. It uses available literature and the National Income Dynamics Survey (NIDS) data for analyses. https://journals.uj.ac.za/index.php/The_Thinker/article/view/1460financial servicesaccessindividuals |
| spellingShingle | Lusanda Batala The Buzz Around Access to Financial Services by Individuals The Thinker financial services access individuals |
| title | The Buzz Around Access to Financial Services by Individuals |
| title_full | The Buzz Around Access to Financial Services by Individuals |
| title_fullStr | The Buzz Around Access to Financial Services by Individuals |
| title_full_unstemmed | The Buzz Around Access to Financial Services by Individuals |
| title_short | The Buzz Around Access to Financial Services by Individuals |
| title_sort | buzz around access to financial services by individuals |
| topic | financial services access individuals |
| url | https://journals.uj.ac.za/index.php/The_Thinker/article/view/1460 |
| work_keys_str_mv | AT lusandabatala thebuzzaroundaccesstofinancialservicesbyindividuals AT lusandabatala buzzaroundaccesstofinancialservicesbyindividuals |