eprintid: 459 rev_number: 11 eprint_status: archive userid: 64 dir: disk0/00/00/04/59 datestamp: 2021-07-06 23:36:15 lastmod: 2021-07-06 23:36:15 status_changed: 2021-07-06 23:36:15 type: thesis metadata_visibility: show creators_name: Likwaya, Olive corp_creators: Louise Gorman title: Impacts of Village Savings and Loan Associations in Economic Development and People's Livelihoods in Malawi. ispublished: submitted subjects: H1 subjects: HM divisions: MSCAF full_text_status: public keywords: Village Savings, Loan associations, Economic development, People's livelihoods in Malawi. abstract: The majority of poor people in Malawi lives in the rural areas which has less access to financial services. Village savings and Loan group has become popular in most developing countries, this aims at improving local financial intermediation. In this study, we will investigate the impact of Village Savings and Loan groups in Malawi over the years it was adopted. In the study, we found out that people’s livelihoods and economic development has been impacted with the adoption of Village Savings and Loan Groups. People’s livelihoods include also the number of meals consumed per day as it was measured by USAID poverty assessment tool. The investigation tried to survey the effects of Village Savings and credit Associations have on individuals' vocations in Malawi. An example of 5 VSLAs were chosen from a populace of 10 in the region. From these VSLAs, 60 members were chosen as key witnesses for the examination. The respondents were deliberately chosen due to their devotion in the VSLAs for all the years. Surveys, Interviews and Focus Group Discussions were utilized as information assortment apparatuses. Writing survey and systems by DFID, Oxfam and CARE were likewise used to see how vocations methodologies are actualized and their belongings. All the systems that will be talked about in the investigation give off an impression of being pointing towards a similar course which is destitution easing. The examination shows that VSLAs they decidedly impact livelihoods through business enterprise. All parts were talked about in the examination which begins by the weakness idea, employment structures and Livelihood results which remove individuals from destitution. During the investigation, we likewise discovered that there is improved food security due to VSLAs which assists with lessening weakness levels of destitution. A sum of the apparent multitude of discoveries implies that there is a positive effect VSLAs are making on occupations of Malawian Citizens. This implies Organizations should begin presenting VSLAs as an instrument for battling neediness. The examination suggests that schools ought to empower the presentation module of enterprise and VSLAs ought to likewise be prepared in business to build information. Associations and government should prepare the gatherings on how the VSLAs works and VSLAs ought to be presented and reinforced in different parts to permit presentation to certain residents that have no clue about the plan. date: 2020-08-31 date_type: submitted institution: Griffith College department: Graduate Business School: MSc in Accounting and Finance Management thesis_type: masters referencetext: REFERENCES: ✓ Aghion, P. & Bolton, P. (1997). A Theory of Trickle-Down Growth and Development. Review of Economic Studies, 64(2): 151-72 Available at: [Accessed 21 April 2020]. Available at: http://www.investopedia.com/ask/answers/12/what-is-an�asset.asp#ixzz409f7MvVH [Accessed 29 April 2020]. ✓ Babbie, E. 2011. Introduction to social Research. Fifth edition. Wadsworth.USA ✓ Brannen, C. (2010). An Impact Study of the Village Savings and Loan Association (VSLA) Program in Zanzibar, Tanzania. Wesleyan University, Middletown, CT. ✓ Brannen, C., 2010. 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Oxford Development Studies, 33(3-4), pp.391- 416. BIBLIOGRAPHY ✓ Aghion, P. & Bolton, P. (1997). A Theory of Trickle-Down Growth and Development. Review of Economic Studies, 64(2): 151-72 Available at: [Accessed 21 April 2020]. Available at: http://www.investopedia.com/ask/answers/12/what-is-an�asset.asp#ixzz409f7MvVH [Accessed 29 April 2020]. ✓ Babbie, E. 2011. Introduction to social Research. Fifth edition. Wadsworth.USA ✓ Brannen, C. (2010). An Impact Study of the Village Savings and Loan Association (VSLA) Program in Zanzibar, Tanzania. Wesleyan University, Middletown, CT. ✓ Brannen, C., 2010. An Impact Study of the Village Savings and Loan, s.l.: Wesleyan University. ✓ Carney, D. et al., 1999. Key Sheets for sustainable Livelihoods policy planning and Implementation 3, s.I.: DFID ✓ CDCS, 2013. Country Development and Cooperate Strategy. Lilongwe : Ministry of Finance ✓ Ellis, A., Manuel, C. & Blackden, M., 2006. Gender and Economic growth in Uganda; Unleashing the power of women. S.I.: World Bank Publications ✓ Hendricks, L., 2011. Village Savings and Loans: A Pathway to Financial Inclusion for Africa’s Poorest Households. Jstor. ✓ Hisrich, R., Peters, M. & Shepherd, D., 2009. Entrepreneurship; African Edition. In: Entrepreneurship; African Edition. Glasgow: McGraw-Hill, pp. 12-13. ✓ Investopedia, 2016. Investopedia. [Oline] ✓ Jamil B (2008) “Microfinance as a tool for poverty alleviation” Paper presented at sensitization workshop on microfinance banking in Kano state. ✓ Jones, G.A. and Dallimore, A. (2009). Wither participatory banking? Experiences with village banks in South Africa, European Journal of Development Research, 21 (3), pp. 344-361 ✓ Kapitsa, L. M. (2008). Women’s Economic Empowerment. UN-Division of the Advancement of Women, EC/WSR WD/2008/EP.7. ✓ Ksoll, C., Lilleor, H., Lonborg, J. & Rasmussen, O., 2013. Impact of Village Savings and Loans; Evidence from a Cluster Randomized Trial, Copenhagen: Rockwool Foundation Research Unit. ✓ Mhango, H.K. (2015). Malawi Women Combat Poverty With Village Banking Initiative. Harambee Today: An Economic Discourse on Africa. May 7, 58 2015.Available at: http: harambeetoday.org/index.php/business/item/1575-malawi�women-combat-poverty-with-village-banking-initiative. (Accessed on:16 April, 2020) ✓ Murray, E., 2014. Entrepreneurship in Zimbabwe. In: Entrepreneurship in Zimbabwe. Harare: Eaden Murray, p. 11. ✓ Mwalughali, O.G.F., 2013. The Impact Of Community Savings and Investment Promotion Program On Household Income And Credit Market Participation In Kasungu District, Central Malawi. Collaborative Master of Science (Agriculture and Applied Economics) Thesis, University of Malawi Bunda College of Agriculture. Available at: http://ageconsearch.umn.edu/bitstream/157595 ✓ Neponen, H., 2003. SA-GV Microfinance Impact Report., Trihcirappalli: Activists for social Alternative (ASA) ✓ Nigrini, M. (2001). 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[Online] Available at: http://www.vsla.net/ [Accessed 24 August 2020]. 51. ✓ Watson, D. J. & van Binsbergen, J., 2008. Livelihood Diversification Opportunities for Pastoralists in Turkana, Kenya. 3rd ed. Berlin: International Livestock Research Institute. 52. ✓ Weiss, J. and Montgomery, H.,2005. Great expectations: microfinance and poverty reduction in Asia and Latin America. Oxford Development Studies, 33(3-4), pp.391- 416.59 ✓ WHO Africa, 2015. Country profiles: Malawi. [Online] Available at: http://www.aho.afro.who.int/profiles_information/index.php/Malawi:MDG_Goal_ 1:_Eradicate_extreme_poverty_and_hunger_-_Other_MDGs [Accessed 2 July 2020]. 53. ✓ World Food Summit, 2011. World Food Summit. Zurich, FAO citation: Likwaya, Olive (2020) Impacts of Village Savings and Loan Associations in Economic Development and People's Livelihoods in Malawi. Masters thesis, Griffith College. document_url: http://go.griffith.ie/459/1/Olive%20Likwaya.pdf document_url: http://go.griffith.ie/459/2/Olive%20Likwaya.txt