Current Volume 8
Empowering Rural Africa: A Case Study on How Payble Transforms Financial Inclusion for Farmers
Abstract
This research paper evaluates the impact of Payble, a fintech platform, on promoting financial inclusion among smallholder farmers in rural Africa. Through a mixed-methods approach involving surveys, focus group discussions, and interviews, the study examines the changes in financial inclusion levels, factors influencing the adoption of Payble, and its effects on farm productivity, income, and overall economic well-being. The findings reveal a significant increase in access to formal financial services, digital payments, and agricultural credit after the introduction of Payble. Factors such as education level and mobile technology access influence the adoption and usage of the platform. The use of Payble is associated with improvements in farm yields, household income, and subjective well-being. While challenges related to digital literacy and infrastructure exist, the opportunities for financial inclusion outweigh the challenges. The study recommends supporting fintech solutions, investing in rural infrastructure, and fostering collaborations to create an ecosystem that enables inclusive digital finance in rural Africa.
Keywords
fintech, financial inclusion, rural development, smallholder farmers, digital finance
Citations
IRE Journals:
Roosevelt Elias
"Empowering Rural Africa: A Case Study on How Payble Transforms Financial Inclusion for Farmers" Iconic Research And Engineering Journals Volume 7 Issue 10 2024 Page 181-188
IEEE:
Roosevelt Elias
"Empowering Rural Africa: A Case Study on How Payble Transforms Financial Inclusion for Farmers" Iconic Research And Engineering Journals, 7(10)
About IRE Journals
IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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