The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries
With GDP growth rate of 8.99% agriculture, contributes 24% to the Nations GDP while the entrepreneurial sector contributes 47%, improving the economic base through agri-preneurship is achievable. The study thus examines, the intermediatory role of Microfinancing, creating sustainability and enhancin...
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my.uum.repo.300112023-11-28T10:43:21Z https://repo.uum.edu.my/id/eprint/30011/ The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries Alao, Esther Monisola Yahya, Noor Azlin Mamat, Mohd Parid HG Finance With GDP growth rate of 8.99% agriculture, contributes 24% to the Nations GDP while the entrepreneurial sector contributes 47%, improving the economic base through agri-preneurship is achievable. The study thus examines, the intermediatory role of Microfinancing, creating sustainability and enhancing agri-preneurship in developing countries through a descriptive survey, with questionnaire administered to 80 purposively selected long-time microfinance banks from 2 geo-political zones. Findings indicated that microfinance banks are closer to the grassroot, yet its financial inclusion does not embrace agriculture; very sparse microfinance presence in rural areas, and agro-policy of micro-finance banks should be all-inclusive. Persistent inflation affects the value of loan (Mean 3.1667); Relationship exists between microfinancing and customer growth with 62.3% correlation which is significant at 5% level. Equally, a positive relationship subsists between microfinancing and agri-preneurship depicting a possible link for agripreneurship Vision 2020. The study recommended that new microfinance strategies that can enhance economic growth must be seriously pursued. Efficient linkage to stakeholders within and outside the microfinance system require best practises by managers. Microfinancing targeted at rural agri-preneurship development is suggested. UUM Press 2018 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/30011/1/JBMA%2008%2002%202018%2099-113.pdf Alao, Esther Monisola and Yahya, Noor Azlin and Mamat, Mohd Parid (2018) The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries. Journal of Business Management and Accounting (JBMA), 8 (2). pp. 99-113. ISSN 2231-9298 (e2636-9249) https://e-journal.uum.edu.my/index.php/jbma/article/view/8808 https://doi.org/10.32890/jbma2018.8.2.8808 https://doi.org/10.32890/jbma2018.8.2.8808 |
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With GDP growth rate of 8.99% agriculture, contributes 24% to the Nations GDP while the entrepreneurial sector contributes 47%, improving the economic base through agri-preneurship is achievable. The study thus examines, the intermediatory role of Microfinancing, creating sustainability and enhancing agri-preneurship in developing countries through a descriptive survey, with questionnaire administered to 80 purposively selected long-time microfinance banks from 2 geo-political zones. Findings indicated that microfinance banks are closer to the grassroot, yet its financial inclusion does not embrace agriculture; very sparse microfinance presence in rural areas, and agro-policy of micro-finance banks should be all-inclusive. Persistent inflation affects the value of loan (Mean 3.1667); Relationship exists between microfinancing and customer growth with 62.3% correlation which is significant at 5% level. Equally, a positive relationship subsists between microfinancing and agri-preneurship depicting a possible link for agripreneurship Vision 2020. The study recommended that new microfinance strategies that can enhance economic growth must be seriously pursued. Efficient linkage to stakeholders within and outside the microfinance system require best practises by managers. Microfinancing targeted at rural agri-preneurship development is suggested. |
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Article |
author |
Alao, Esther Monisola Yahya, Noor Azlin Mamat, Mohd Parid |
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Alao, Esther Monisola Yahya, Noor Azlin Mamat, Mohd Parid |
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Alao, Esther Monisola |
title |
The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries |
title_short |
The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries |
title_full |
The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries |
title_fullStr |
The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries |
title_full_unstemmed |
The Intermediatory Role of Microfinancing: Creating Sustainability and Enhancing Agripreneurship in Developing Countries |
title_sort |
intermediatory role of microfinancing: creating sustainability and enhancing agripreneurship in developing countries |
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UUM Press |
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2018 |
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https://repo.uum.edu.my/id/eprint/30011/1/JBMA%2008%2002%202018%2099-113.pdf https://doi.org/10.32890/jbma2018.8.2.8808 https://repo.uum.edu.my/id/eprint/30011/ https://e-journal.uum.edu.my/index.php/jbma/article/view/8808 https://doi.org/10.32890/jbma2018.8.2.8808 |
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