The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme

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dc.contributor.advisorJere, Mlenga Goldenen_ZA
dc.contributor.authorMuyangwa, Nambwengaen_ZA
dc.date.accessioned2017-10-03T14:11:09Z
dc.date.available2017-10-03T14:11:09Z
dc.date.issued2017en_ZA
dc.description.abstractThe aim of the study is to assess the Impact of Agricultural Finance on Small and Medium Agribusiness in Zambia focusing on Lima Credit Scheme of the Zambia National Farmers Union (ZNFU) in sampled districts. Survey questionnaires were administered to 120 farmers selected from 8 districts. Two focus group discussions were held and key informants drawn from ZNFU, Zambia National Commercial Bank and representatives of the Agribusiness chamber and Insurance companies were interviewed. The study hypothesis that the LCS intervention has had no favourable impact on beneficiary farmers and Agro-Businesses in Zambia was proved to be null. To the contrary, the findings indicate that LCS had favourable impact on beneficiary farmers and Agro-Businesses in Zambia. Thus, the study findings show that to a greater extent the scheme had positive impact that include; increased knowledge among Lima Credit scheme beneficiaries through trainings in various topics such as financial literacy and crop husbandry, increased economic wellbeing of the LCS beneficiaries, more households procuring oxen drawn agricultural implements, higher production levels of maize and soy-bean, greater participation in the market by SSFs, increased income, among others. In addition to the descriptive analysis, the factor analysis too showed that the first factor access to production inputs based benefits suggests that in this component farmers accrued benefits from LCS which include access to market information, increase in area planted, increase in volumes sold and incomes. The second factor improved income based benefits suggests that respondents in this component acknowledges that as a result of increased incomes, they have recorded improved access to health, able to reinvest in other businesses, increase yield per hectare, able to pay loans on time, able to acquire agriculture Assets-Ox drawn, access to commodity markets and improved access to education. Unique to the scheme is the insurance cover on the loan amount that mitigates defaults resulting from natural cause such as drought and floods. The study concludes that Lima Credit Scheme had favourable impact on beneficiary farmers and Agro-Businesses in Zambia.en_ZA
dc.identifier.apacitationMuyangwa, N. (2017). <i>The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/25493en_ZA
dc.identifier.chicagocitationMuyangwa, Nambwenga. <i>"The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017. http://hdl.handle.net/11427/25493en_ZA
dc.identifier.citationMuyangwa, N. 2017. The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Muyangwa, Nambwenga AB - The aim of the study is to assess the Impact of Agricultural Finance on Small and Medium Agribusiness in Zambia focusing on Lima Credit Scheme of the Zambia National Farmers Union (ZNFU) in sampled districts. Survey questionnaires were administered to 120 farmers selected from 8 districts. Two focus group discussions were held and key informants drawn from ZNFU, Zambia National Commercial Bank and representatives of the Agribusiness chamber and Insurance companies were interviewed. The study hypothesis that the LCS intervention has had no favourable impact on beneficiary farmers and Agro-Businesses in Zambia was proved to be null. To the contrary, the findings indicate that LCS had favourable impact on beneficiary farmers and Agro-Businesses in Zambia. Thus, the study findings show that to a greater extent the scheme had positive impact that include; increased knowledge among Lima Credit scheme beneficiaries through trainings in various topics such as financial literacy and crop husbandry, increased economic wellbeing of the LCS beneficiaries, more households procuring oxen drawn agricultural implements, higher production levels of maize and soy-bean, greater participation in the market by SSFs, increased income, among others. In addition to the descriptive analysis, the factor analysis too showed that the first factor access to production inputs based benefits suggests that in this component farmers accrued benefits from LCS which include access to market information, increase in area planted, increase in volumes sold and incomes. The second factor improved income based benefits suggests that respondents in this component acknowledges that as a result of increased incomes, they have recorded improved access to health, able to reinvest in other businesses, increase yield per hectare, able to pay loans on time, able to acquire agriculture Assets-Ox drawn, access to commodity markets and improved access to education. Unique to the scheme is the insurance cover on the loan amount that mitigates defaults resulting from natural cause such as drought and floods. The study concludes that Lima Credit Scheme had favourable impact on beneficiary farmers and Agro-Businesses in Zambia. DA - 2017 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme TI - The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme UR - http://hdl.handle.net/11427/25493 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/25493
dc.identifier.vancouvercitationMuyangwa N. The impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Scheme. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2017 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/25493en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleThe impact of agriculture finance on small and medium agribusiness in Zambia: the case of Zambia National Farmers' Union - Lima Credit Schemeen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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