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dc.contributor.authorChamboko, Richard
dc.contributor.authorGuvuriro, Sevias
dc.date.accessioned2022-08-24T11:56:51Z
dc.date.available2022-08-24T11:56:51Z
dc.date.issued2022
dc.identifierhttps://doi.org/10.1080/23322039.2022.2111799
dc.identifier.citationChamboko, R., & Guvuriro, S. (2022). On the predictors of loan utilization and delinquency among microfinance borrowers in Zimbabwe: A Poisson regression approach. Cogent Economics & Finance, 10, 2111799. https://doi.org/10.1080/23322039.2022.2111799en_ZA
dc.identifier.issn2332-2039
dc.identifier.urihttp://hdl.handle.net/11660/11883
dc.description.abstractMicrofinance institutions (MFIs) are a prominent financial inclusion initiative in many developing countries. In Zimbabwe, however, less is known about microfinance borrowers, determinants of loan utilisation and borrowers’ repayment behaviour. Demonstrating that MFIs serve those who are economically marginalised and traditionally excluded from the formal financial system is useful in a country where most of the economic activities are in the informal sector. This study investigated the factors associated with the utilisation of microfinance loans and delinquency among microfinance borrowers using the Poisson, logit and the zero-truncated Poisson regression models on 6165 unique borrowers in Zimbabwe. The study findings revealed that microfinance loans were significantly more likely to be accessed by low-income individuals, who took small loans with relatively high instalments. Women were less likely to access microfinance loans, and reliable borrowers were more likely to access repeat loans. The level of income, number of previous loans and loan terms explained the delinquency among borrowers. Largely, the findings suggest that microfinance in Zimbabwe serves the needs of the low-income group. However, policies that seek to improve access to credit for women and youth remain a priority.en_ZA
dc.language.isoenen_ZA
dc.publisherTaylor & Francisen_ZA
dc.subjectCrediten_ZA
dc.subjectMicrofinance institutionsen_ZA
dc.subjectDelinquencyen_ZA
dc.subjectZimbabween_ZA
dc.subjectPoisson regressionen_ZA
dc.subjectFinancial services industryen_ZA
dc.subjectEconometricsen_ZA
dc.subjectBankingen_ZA
dc.subjectStatistics for businessen_ZA
dc.titleOn the predictors of loan utilization and delinquency among microfinance borrowers in Zimbabwe: A Poisson regression approachen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's versionen_ZA
dc.rights.holderAuthor(s)en_ZA
dc.rights.licensehttps://creativecommons.org/licenses/by/4.0/


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