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Zeszyt 4 (46) 2017 , DOI: 10.17306/J.JARD.2017.00354

William Djamfa Mbiakop, Abayomi Samuel Oyekale

IMPACT OF VILLAGE BANK MEMBERSHIP ON HOUSEHOLDS’ WELFARE IN NGAKA MODIRI MOLEMA DISTRICT MUNICIPALITY, SOUTH AFRICA

Abstract:

Access to credit is one of the key elements in raising agricultural productivity, and it is a powerful channel for poverty alleviation among smallholding farmers. This study examined the effect of village bank membership on welfare of smallholder farmers in Ngaka Modiri Molema District Municipality (NMMDM). Using cross sectional data from three villages where village banks was established in the study area, a representative sample of two hundred (200) farmers was obtained using structured questionnaires. Descriptive statistics and simultaneous equation model (SEM) were used for data analysis. The results show that membership in village banking increased per capita expenditure by 83.85% and variables such as income per capita (p<0.01) and technology applied (p<0.05)positively influenced per capita expenditure. It was concluded village bank members had better socio-economic characteristic which can help them to enhance their welfare. Therefore, creation of more community based village banks holds significant welfare implications in South Africa.

Keywords: smallholder farmers, village bank, simultaneous equation model (SEM), welfare, North West Province

PDF in in english Full text available in english in Adobe Acrobat format:
www.jard.edu.pl/vol46/issue4/art_70.pdf
http://dx.doi.org/10.17306/J.JARD.2017.00354
For citation:

MLA Mbiakop, William Djamfa, and Abayomi Samuel Oyekale. "IMPACT OF VILLAGE BANK MEMBERSHIP ON HOUSEHOLDS’ WELFARE IN NGAKA MODIRI MOLEMA DISTRICT MUNICIPALITY, SOUTH AFRICA." J. Agribus. Rural Dev. 46.4 (2017): 731-738.
APA William Djamfa Mbiakop, Abayomi Samuel Oyekale (2017). IMPACT OF VILLAGE BANK MEMBERSHIP ON HOUSEHOLDS’ WELFARE IN NGAKA MODIRI MOLEMA DISTRICT MUNICIPALITY, SOUTH AFRICA. J. Agribus. Rural Dev. 46 (4), 731-738
ISO 690 MBIAKOP, William Djamfa, OYEKALE, Abayomi Samuel. IMPACT OF VILLAGE BANK MEMBERSHIP ON HOUSEHOLDS’ WELFARE IN NGAKA MODIRI MOLEMA DISTRICT MUNICIPALITY, SOUTH AFRICA. J. Agribus. Rural Dev., 2017, 46.4: 731-738.
Corresponding address:
PhD Abayomi Samuel Oyekale, Department of Agricultural Economics and Extension, North-West University Mafikeng Campus, Mmabatho 2735, South Africa,
Authors email:
asoyekale@gmail.com

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