CONTRIBUTION OF UMURENGE SACCOs ON FINANCIAL INCLUSION OF WOMEN ENTREPRENEURS IN RWANDA – A CASE EVIDENCE FROM NYAMASHEKE DISTRICT, RWANDA

Auteurs-es

  • Come Niyoyita Deputy Vice Chancellor in Charge, Finance and Administration & Assistant Lecturer, Kibogora Polytechnic, Rwanda
  • Mweruli Fidèle Tubanambazi Assistant Lecturer, University of Rwanda, College of Business and Economics & Kibogora Polytechnic, Rwanda
  • Jean Claude Amani Assistant Lecturer, Kibogora Polytechnic, Rwanda
  • Lionel Iradukunda Assistant Lecturer, Kibogora Polytechnic, Rwanda

DOI :

https://doi.org/10.46827/ejsss.v9i1.1518

Mots-clés :

Umurenge SACCOs, entrepreneurs microfinance institution, cooperatives, financial inclusion

Résumé

The study titled “Contribution of Umurenge SACCOs on financial inclusion of women entrepreneurs in Rwanda - A case evidence from Nyamasheke District” was about assessing the impact of Umurenge SACCOs as microfinances on the financial inclusion of women entrepreneurs in the area under study. The study was guided by three objectives, firstly to determine the contribution of Umurenge SACCOs on the financial inclusion of women entrepreneurs in Rwanda, second to assess the main factors influencing the financial inclusion of women entrepreneurs in Nyamasheke District and third to test whether there is a significant difference in means of women entrepreneurs’ income before and after joining the financial services delivered to them by Umurenge SACCOs. In this regard, the Multinomial Logistic Regression model was performed using a maximum likelihood estimation method on the data set collected to find the parameter estimates of the model describing the relationship between the explanatory and the outcome variables and determine the significance of the predictor variables that contribute significantly to the financial inclusion of women entrepreneurs in the area under study. The study adopted both qualitative and quantitative approaches to collect data from 395 respondents. Data were collected using a questionnaire and analyzed using SPSS-23. In this analysis, the results revealed that on the total of eleven independent variables that we thought to contribute to the outcome variable, the explanatory variables such as age group, income, living place/location, political factor and payment of social security/type of the job of the respondents to whom the study was conducted; were dropped from the training set of explanatory variables that contribute significantly to the financial inclusion of women entrepreneurs in Nyamasheke District, Rwanda. In the model selection that overall fits well the data, the explanatory variables that contributed significantly to the outcome variable governing the study were obtained to be were education status, formal accounts, formal savings, formal credits, attractiveness of the financial products and type of job that the respondents under study possess. The parameters estimate of the selected model revealed that the predictor variables that best predicted the probability of increasing the financial inclusion status of women entrepreneurs in the area under study were education level of respondents, formal credits, formal savings and attractiveness of the financial products that Umurenge SACCOs possessed. The study also found that there was a significant difference in means of women entrepreneurs’ income before and after joining the financial services delivered by Umurenge SACCOs and finally recommended that the microfinance institutions should strengthen the policies governing the formal savings, formal credits and financial products which are attractive towards the financial performance of entrepreneurs.

 

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Biographies de l'auteur-e

  • Come Niyoyita, Deputy Vice Chancellor in Charge, Finance and Administration & Assistant Lecturer, Kibogora Polytechnic, Rwanda

    Niyoyita Come is a Deputy Vice-chancellor in charge of Administration and Finance, and he is an Assistant Lecturer at Kibogora Polytechnic. He holds a Master’s degree in Financial Management from Amity University (India) and a Bachelor’s degree in Management from Catholic Institute of Kabgayi. He worked for 13 years in Local Government (District) in Rwanda as the Director of Planning, Monitoring, and Evaluation. He contributed to the development of different strategic plans including the National Strategy for Transformation (NST1), Economic Development and Poverty Reduction Strategy (EDPRS2), Local economic development strategy (LED), etc. His interest areas are Accounting, Finance, Management, Economics, and Business development through which he seeks to contribute significantly toward enhancing accountability and transparency for private and Public Financial Management.

  • Mweruli Fidèle Tubanambazi, Assistant Lecturer, University of Rwanda, College of Business and Economics & Kibogora Polytechnic, Rwanda

    Mweruli Fidele Tubanambazi is a PhD student in Mathematics, holds a Master’s degree in Mathematical Sciences from African Institute for Mathematical sciences (AIMS) Senegal and Bachelor’s degree in Applied Mathematics (Statistics Option) from Kigali Institute of Science and Technology (KIST), Rwanda. He joined Kibogora Polytechnic since 2015 as Assistant Lecturer of Mathematical sciences in three faculties: Education, Business and Development studies and Health Sciences from which he taught different modules related to statistics and modelling. He is currently an Assistant Lecturer at University of Rwanda, College of Business and Economics (CBE), Gikondo Campus. He is also currently a consultant of Rwanda Association of Local Government authorities (RALGA)-Rwanda. His emphasis is mathematical sciences in statistics and probability.

  • Jean Claude Amani, Assistant Lecturer, Kibogora Polytechnic, Rwanda

    Jean Claude Amani hold a Master's degree in Microfinance and Banking from Université Libre de Bruxelles (ULB)-Belgium and Bachelor's degree in Management from Institut Catholique de Kabgayi (ICK), Rwanda. He joined Kibogora Polytechnic since 2020 as Assistant Lecturer of Economics and Entrepreneurship in two faculties: Education, Business and Development studies till now. He teaches different modules related to economics and business in two faculties of Kibogora Polytechnic. He supervises undergraduate research projects and he has been a teacher of entrepreneurship in secondary school for two years. He has been also a Manager of Sacco for five years. He is also currently a consultant of Imanzi Business Institute (IBI), Rwanda. His emphasis is capacity building.

  • Lionel Iradukunda, Assistant Lecturer, Kibogora Polytechnic, Rwanda

    Lionel Iradukunda holds a Master’s degree in Information Technology from Annamalai University (India) and Bachelor's degree in Information Technology from Annamalai University (India). He worked for 3 years at Kibogora Hospital where he served in the establishment of electronic medical record, configuration of servers, and maintenance of IT equipment. He is currently an Assistant Lecturer at Kibogora Polytechnic from which he contributes in teaching different ICT courses in three faculties such as Education, Health sciences and Business and Development studies and He supervises undergraduate research projects. He participated in the configuration of different Kibogora Polytechnic systems such as: MIS, E-learning and server system.

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Publié

2023-07-17

Numéro

Vol. 9 No. 1 (2023)

Rubrique

Articles