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Financial Inclusion and Poverty Alleviation among Smallholder Farmers in Zimbabwe

Author

Listed:
  • David Mhlanga

    (University of Johannesburg, South Africa)

  • Steven Henry Dunga

    (North-West University, South Africa)

  • Tankiso Moloi

    (University of Johannesburg, South Africa)

Abstract

The study sought to investigate the impact of financial inclusion on poverty reduction in Zimbabwe among the smallholder farmers. It is alleged that financial inclusion can help in achieving seven of the seventeen sustainable development goals (SDGs), which include poverty eradication in all its forms everywhere, ending hunger, achieving food security, ensuring improved nutrition as well as promoting sustainable agriculture and many others. Using the simple regression method, the study discovered that financial inclusion has a strong impact on poverty reduction among smallholder farmers. The study went on to discover that, for the government to tackle poverty especially among the smallholder farmers, it is important to ensure that farmers do participate in the financial sector through saving, borrowing and taking out insurance among other services. So, it is important for the government of Zimbabwe to fully implement policies that encourage financial inclusion such as making sure that farmers find it easy to access financial institutions and encouraging financial institutions to review transaction costs like bank account opening charges periodically, implementing financial education programs among the farmers because these variables are important in influencing farmers to participate or preventing them from using financial services. Keywords: Financial Inclusion, Smallholder Farmers, Poverty Alleviation, Zimbabwe Journal: Eurasian Journal of Economics and Finance

Suggested Citation

  • David Mhlanga & Steven Henry Dunga & Tankiso Moloi, 2020. "Financial Inclusion and Poverty Alleviation among Smallholder Farmers in Zimbabwe," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 8(3), pages 168-182.
    • Handle: RePEc:ejn:ejefjr:v:8:y:2020:i:3:p:168-182
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    References listed on IDEAS

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    Cited by:

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    2. Peter W. Muriu, 2021. "Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(7), pages 1-27, June.
    3. K. K. Abdulkareem*, Hauwah, 2023. "Financial Inclusion And Poverty Reduction Among The Operators In The Small And Medium Scale Enterprises Of Lagos State," Ilorin Journal of Economic Policy, Department of Economics, University of Ilorin, vol. 10(1), pages 15-31, June.
    4. Collin Chikwira & Edson Vengesai & Petronella Mandude, 2022. "The Impact of Microfinance Institutions on Poverty Alleviation," JRFM, MDPI, vol. 15(9), pages 1-13, September.

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