ECONOMIC POTENTIALS AND THREAT TO FINANCIAL INCLUSION AMONG WOMEN VEGETABLE MARKETERS IN KANO METROPOLIS, NIGERIA

Author Name: FRANK, Olajuwon Elisha

Volume: 01 &  Issue:

Country: Nigeria

DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/01.2021-19117326/UIJIR

Affiliation:

1. Student, Department of Agricultural Economics and Extension, BayeroUniversity Kano, Nigeria

ABSTRACT

The paper examined the economic potentials and threat to financial inclusion among women vegetable marketers in Kano metropolis with the aim of identifying their socio-economic characteristics, the purpose and uses of financial product and identifying constraints to financial inclusion among the marketers. The study made use of multistage sampling procedure where 160 respondents were randomly selected; data was collected with the use of a well-structured questionnaire. The result showed that the marketers mean age, education, Household size, Experience and Income were 46%, 11%, 7%, 15% and N391,925 respectively, 65% of the marketers have a bank account where 50% of the account are savings account,5% are opened for insurance purposes and only 1% for pension purposes; trust issue, a family member already have an account and too many cares are the major constraints faced by the marketers. The study therefore recommends that Government and commercial banks should do more by providing loan facilities to marketers, reduce bank charges and marketers shouldenroll in adult formal education classes to further their education in order to enhance their profitability and acceptance of more financial products.

Key words: Urban, Marketing, Women, Financial inclusion.