Linking Social Capital and Microsavings: Lesson from Thrifty Saving Behavior of Afar Pastoralists of Ethiopia
Journal: The Journal of Social Sciences Research (Vol.4, No. 12)Publication Date: 2018-12-15
Authors : Suadiq Sufian Ali; Rajakishor Mahana;
Page : 820-825
Keywords : Microsaving; Compulsory saving; Voluntary saving; Social capital.;
Abstract
Pastoral communities are the most marginalized segments of the world's population. Their access to financial services is very limited. Properly designed financial service can play significant role in the development, risk management and mitigation strategies of the pastoral communities. Against this background, the current study examines the relationship between microsavings and social capital vis-à-vis the contribution of Pastoral Saving and Credit Cooperatives (PASACCOs). The study highlights the prominent role of social capital in securing loan for pastoralists by serving as collateral. It also shows a strong positive relationship between social capital and microsaving practices (P>0.05). Hence, any developmental intervention on the financial inclusion of Afar pastoral communities should pay attention to the indispensable role of social capital.
Other Latest Articles
- The Role of Ideology in Political Communication and Media
- Determinants and Pattern of Urbanization and Counter-Urbanization: The Case of South Asia
- Non-Performing Loan and Liquidity of Universal Banks: Does Minimum Capital Requirement Matters?
- Bank-SMEs Relationship: A Critical Review of Firm & Industry Specific Determinants Influencing Banks’ Performance
- An Empirical Exploration of the Success Dynamics of Online Tourism Aggregators in India
Last modified: 2019-01-31 18:47:34