Kostov, Philip and Arun, Thankom and Annim, Samuel (2015) Access to financial services: The case of the ‘Mzansi’ account in South Africa. Review of Development Finance, 5 (1). pp. 34-42. DOI https://doi.org/10.1016/j.rdf.2015.04.001
Kostov, Philip and Arun, Thankom and Annim, Samuel (2015) Access to financial services: The case of the ‘Mzansi’ account in South Africa. Review of Development Finance, 5 (1). pp. 34-42. DOI https://doi.org/10.1016/j.rdf.2015.04.001
Kostov, Philip and Arun, Thankom and Annim, Samuel (2015) Access to financial services: The case of the ‘Mzansi’ account in South Africa. Review of Development Finance, 5 (1). pp. 34-42. DOI https://doi.org/10.1016/j.rdf.2015.04.001
Abstract
The presence of rationing of financial services in the developing countries is a major obstacle to achieving sustainable growth. In recent years there have been co-ordinated efforts to increase the level of financial inclusion, i.e. to reduce the supply-side constraints restricting access to finance. This paper aims to understand household's latent behaviour decision making in accessing financial services, by analysing an entry level Mzansi account in South Africa. The willingness to access financial services is not taken as given, but it is instead defined by perceptions and attitudes. The Mzansi intervention is appealing to individuals with basic but insufficient financial education. Aspirations seem to be very influential in revealing the choice of financial services and to this end, Mzansi is perceived as a pre-entry account not meeting the aspirations of individuals aiming to climb up the financial services ladder.
Item Type: | Article |
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Subjects: | H Social Sciences > HA Statistics H Social Sciences > HG Finance |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 19 May 2016 15:13 |
Last Modified: | 30 Oct 2024 09:16 |
URI: | http://repository.essex.ac.uk/id/eprint/16731 |
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