IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-01784-2_11.html
   My bibliography  Save this book chapter

Assessing the Factors Militating Against Microfinance in Alleviating Chronic Poverty and Food Insecurity in Rural Northern Ghana

In: Emerging Trends in Banking and Finance

Author

Listed:
  • Bibiana Koglinuu Batinge

    (Sunyani Technical University)

  • Hatice Jenkins

    (Eastern Mediterranean University)

Abstract

This research paper concentrates on failures of microfinance in alleviating poverty and food insecurity in the rural northern Regions of Ghana. This article contends that the rural northern Ghanaians have failed to grasp the opportunities provided by many microfinance services, to help out lift the canker of poverty and the chronic food insecurity, but rather migrating to the rural areas of southern Ghana. The article adapted descriptive and survey investigation strategies. A snowballing sampling procedure was used to sample and investigate 300 respondents, comprising 200 (66.6%) females and 100 (33.3%) males who are practicing mostly Susu-an informal microfinance service in their new rural settlements in the Bono Ahafo Region of Ghana-Sunyani. Scientific Package for Social Science (SPSS) statistical software was employed to analyze the survey data, and the results presented in tables form. The sum and summary of this study reveals that, Susu-informal form of micro-lending and saving is an effective financial tool to improving the rural northern women to alleviate her from poverty and chronic food shortage, however, the patriarchal environmental beliefs, which is part and parcel of these women lives are the main standing blocks against this worthy cause. The study recommended that, districts assembles should enforce the by-laws that for bit any outmoded unproductive cultural activity currently in the rural northern set ups, the women be sensitized about their rights and privileges with the support of the men, among others.

Suggested Citation

  • Bibiana Koglinuu Batinge & Hatice Jenkins, 2018. "Assessing the Factors Militating Against Microfinance in Alleviating Chronic Poverty and Food Insecurity in Rural Northern Ghana," Springer Proceedings in Business and Economics, in: Nesrin Ozatac & Korhan K. Gökmenoglu (ed.), Emerging Trends in Banking and Finance, pages 181-198, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-01784-2_11
    DOI: 10.1007/978-3-030-01784-2_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:prbchp:978-3-030-01784-2_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.