ASSESSING THE EFFECT OF SAVING FOR TRANSFORMATION PROJECT MODEL ON FINANCIAL INCLUSION OF THE POOR IN GAKENKE DISTRICT, RWANDA
Abstract
The study focused on assessing the effect of saving groups of World Vision’s Saving for Transformation project model on financial inclusion of the poor in Gakenke District, Rwanda. Our population was 1440 members of the groups who were in the low categories. Our sample size using Yamane (1967) formula was 94 respondents and we used a questionnaire instrument. The research design was both descriptive and inferential. With descriptive analysis, those people appreciated S4T saving groups and agreed on its effectiveness, with a mean= 4.50, and standard deviation =0.448. As for financial inclusion, they strongly agreed with the mean =4.46 and standard deviation 0.803. On the inferential part, there is a strong positive relationship between S4T saving groups and financial Inclusion of the poor in Gakenke District, with Pearson correlation of (r= .727**, N=94, P= .000). With regression analysis, the S4T affects positively the financial inclusion of the poor with coefficient of correlation, R= 0.727 and Adjusted R square of .523, which gives us 52.8% rate of variation in dependent variable by the independent variable. Therefore, we concluded that S4T project has positively affected the financial inclusion of the poor in Gakenke District.
KEYWORDS: Saving groups, financial inclusion, financial literacy, digital financial inclusion, Savings, loans, Economic growth, poor, Livelihoods, Resilience
CITATION: Mugabekazi, A., & Kwena, R. (2022). Assessing the effect of saving for transformation project model on financial inclusion of the poor in Gakenke District, Rwanda. The Strategic Journal of Business & Change Management, 9 (2), 493 – 505.
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DOI: http://dx.doi.org/10.61426/sjbcm.v9i2.2278
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