Effects of savings and loans associations on livelihood of women: a case study of nalerigu
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Date
2021
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KNUST
Abstract
Savings and Loans Associations (slas) measure their success by the effects they have on their clients and their families, and on the communities in which they live. The effects of VSLA programs on the poor in developing economies remains an increasingly debatable issue, despite numerous studies devoted to the topic. The main objective of the study was to investigate the effects of Savings and Loans Associations on livelihood of women in Nalerigu in the East Mamprusi Municipality of North East Region of Ghana. The study adopted both quantitative and qualitative approaches to data collection and analysis technique. Qualitative primary data was collected through semi-structured questionnaire with 65 VSLA members using questionnaire. Two focus group discussions were held among members of the vslas. Stakeholders were also interviewed as key informants to understand their opinions on the activities of vslas in the society. The study established that VSLA women groups have easy access to credit facilities from the VSLA group. Majority of the respondents were able to repay their credit facilities based on the VSLA groups constitutions. The study also revealed that VSLA has helped improved the women income level, as majority of the women indicated that due to their participation in VSLA they are now engaged in businesses, agricultural and vocational activities for the improvement of their livelihoods. However, the study also revealed that technical support training on group formation and orientation, supervision and financial supports are key in sustaining the VSLA groups. It is recommended that awareness should be intensified based on the results for the VSLA groups to join the mother VSLA group for effective monitoring and supervision of the activities of vslas in the municipality
Description
A thesis submitted to the department of accounting and finance college of humanities and social sciences in partial fulfillment of the requirements for the degree of msc accounting and finance