A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria

Adeyemi, Adewale Abideen and Pramanik, Ataul Huq and Mydin Meera, Ahamed Kameel (2012) A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria. Journal of Islamic Finance, 1 (1). pp. 30-43. ISSN 2289-2117 (O), 2289-2109 (P)

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Abstract

This study investigated the various factors that impede both the access to and use of the requisite financial resources for entrepreneurial development in Ilorin, Nigeria. Data was collected via a survey questionnaire administered on Muslim micro-entrepreneurs in the study area. A measurement model using the structural equation modelling approach was adopted. The paper concluded that both the voluntary and involuntary financial exclusion factors significantly account for financial exclusion among the respondents. However, voluntary exclusion signals a relatively serious problem. This is because it is a reflection of lack of use, rather than lack of access to financial services by the Muslim poor. In this regard, religious consideration as well as debt phobia as a reflection of the presence of Islam in the area had statistically significant factor loadings. Recommendations were also offered.

Item Type:	Article (Journal)
Additional Information:	6700/26252
Uncontrolled Keywords:	Financial exclusion; Voluntary exclusion; Involuntary exclusion; Cultural capital; Measurement model; Financial citizenship
Subjects:	H Social Sciences > HG Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr. Abideen Adeyemi Adewale
Date Deposited:	29 Oct 2012 14:29
Last Modified:	18 Apr 2016 07:24
URI:	http://irep.iium.edu.my/id/eprint/26252

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