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The Journey to Financial Inclusion in Malawi- What Does the Future Hold?

Author

Listed:
  • Byson Beracah Majanga

    (Faculty of Commerce, University of Malawi, The Polytechnic, Malawi)

Abstract

The paper analyses the history and current status of financial inclusion in Malawi and its associated impact on individual, societal, and overall nation development. Through a review of past literature on financial inclusion and a survey on individuals’ opinions on financial services availability and affordability, the study reveals that financial inclusion has a direct relationship with economic performance and that individual economic independence, financial literacy, and accessibility play crucial roles in determining the levels of financial inclusion in an economy.

Suggested Citation

  • Byson Beracah Majanga, 2016. "The Journey to Financial Inclusion in Malawi- What Does the Future Hold?," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 2(9), pages 169-175, 09-2016.
    • Handle: RePEc:arp:ijefrr:2016:p:169-175
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    References listed on IDEAS

    as
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