Browsing by Author "KABANSA, Joyce"

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    An Assessment of the Impact of Microfinance Loans on poverty reduction among farmers in Zambia: A Case of Chongwe District, Lusaka Province
    (University of Lusaka, 2025) KABANSA, Joyce
    This study aimed to assess the impact of microfinance institutions (MFIs) on poverty reduction among farmers in Chongwe District, Lusaka Province, Zambia. The research focused on four specific areas: the affordability of interest rates, the effect of loan repayment terms, the influence of loan requirements, and the extent to which MFIs offer tailored financial products for farmers. Data was collected through a questionnaire survey involving 120 farmers from Chongwe District. Quantitative methods were used to analyze the data, with key findings suggesting that while MFIs play a significant role in providing financial services to farmers, certain aspects, particularly high-interest rates and stringent loan requirements, impede their potential contribution to poverty reduction. The study concluded that for MFIs to be more effective in poverty alleviation, there needs to be a review of interest rates, repayment terms, and loan requirements, and a stronger emphasis on developing tailored financial products that meet the specific needs of farmers. The study recommends the development of farmer-focused financial products and regulatory policies aimed at making microfinance more affordable and accessible to farmers. Furthermore, the research highlights potential areas for further study, including the investigation of the socio-cultural factors influencing farmers' access to microfinance and an assessment of alternative models of microfinance delivery. Keywords: microfinance institutions, interest rates, repayment terms, and loan requirements