Factors impeding the use of banking services in rural Southern African states

  • Released On
    Tuesday, 24 October 2017
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/bbs.12(3-1).2017.07
  • Article Info
    Volume 12 2017, Issue #3, pp. 228-236
  • TO CITE АНОТАЦІЯ
  • Cited by
    1 articles
  • 500 Views
  • 137 Downloads

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

The paper presents factors why people are reluctant to bank money in rural Southern African countries. Six countries namely Botswana, Namibia, Mozambique, Tanzania, Zambia and Zimbabwe were used in the study. A focus group of 10 people from each of the stated Southern African countries was composed and used to obtain perceptions, views, reactions, attitudes, experiences among others on why people are reluctant to bank their money. People are unwilling to bank their money in rural Southern Africa and the reasons behind this seem to be many. If no correctional measures are put in place, rural Southern Africa will continue to be unbanked for the next five decades.

view full abstract hide full abstract