Evaluation of women’s access to building credits from banks in Nigeria

Women are responsible for the fastest economic growth in the world through their commercial activities. Despite this notable act, women in developing countries are most times sidelined in accessing financial incentives from banks. The purpose of this study was to evaluate the criteria used by banks...

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Autores principales:	Adedeji O. Afolabi, Ifeoluwa R. Akinlolu
Formato:	article
Lenguaje:	EN
Publicado:	LLC "CPC "Business Perspectives" 2021
Materias:	building credit financial inclusion homeownership lending reforms women Banking HG1501-3550
Acceso en línea:	https://doaj.org/article/552e88957bbe46ebb6a9798971c54dfb
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spelling	oai:doaj.org-article:552e88957bbe46ebb6a9798971c54dfb2021-11-12T12:27:10ZEvaluation of women’s access to building credits from banks in Nigeria10.21511/bbs.16(4).2021.051816-74031991-7074https://doaj.org/article/552e88957bbe46ebb6a9798971c54dfb2021-11-01T00:00:00Zhttps://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/15818/BBS_2021_04_Afolabi.pdfhttps://doaj.org/toc/1816-7403https://doaj.org/toc/1991-7074Women are responsible for the fastest economic growth in the world through their commercial activities. Despite this notable act, women in developing countries are most times sidelined in accessing financial incentives from banks. The purpose of this study was to evaluate the criteria used by banks and the problems encountered by women in accessing building credits in Nigeria. The study used a cross-sectional survey research design that utilized an electronic questionnaire instrument. The data obtained were analyzed using frequencies, percentages, 100% stacked bars, mean score, ANOVA, and categorical regression (CAT-REG) tests. The result revealed that the primary criteria to access building credits across different banks in Nigeria were the source of income/level of income, credit status/review, and the value of the collateral. When women can access building credits from banks, it can lead to improved living conditions for women, improved work-life, and benefits for their children. However, the lack of collateral, lack of financial literacy, lack of formal employment, and lack of right to ownership of property are limiting factors in women lending from banks. Furthermore, gender discrimination, lack of financial literacy, and low educational background could influence women’s access to building credits from banks. To facilitate the provision of loans to women from banks, it is necessary to improve government policy, economic reforms and banking legislation for women’s access to loans. AcknowledgmentThe article processing charge (APC) for this paper was supported by Covenant University Centre for Research, Innovation and Discovery, Nigeria.Adedeji O. AfolabiIfeoluwa R. AkinloluLLC "CPC "Business Perspectives"articlebuilding creditfinancial inclusionhomeownershiplending reformswomenBankingHG1501-3550ENBanks and Bank Systems, Vol 16, Iss 4, Pp 45-60 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	building credit financial inclusion homeownership lending reforms women Banking HG1501-3550
spellingShingle	building credit financial inclusion homeownership lending reforms women Banking HG1501-3550 Adedeji O. Afolabi Ifeoluwa R. Akinlolu Evaluation of women’s access to building credits from banks in Nigeria
description	Women are responsible for the fastest economic growth in the world through their commercial activities. Despite this notable act, women in developing countries are most times sidelined in accessing financial incentives from banks. The purpose of this study was to evaluate the criteria used by banks and the problems encountered by women in accessing building credits in Nigeria. The study used a cross-sectional survey research design that utilized an electronic questionnaire instrument. The data obtained were analyzed using frequencies, percentages, 100% stacked bars, mean score, ANOVA, and categorical regression (CAT-REG) tests. The result revealed that the primary criteria to access building credits across different banks in Nigeria were the source of income/level of income, credit status/review, and the value of the collateral. When women can access building credits from banks, it can lead to improved living conditions for women, improved work-life, and benefits for their children. However, the lack of collateral, lack of financial literacy, lack of formal employment, and lack of right to ownership of property are limiting factors in women lending from banks. Furthermore, gender discrimination, lack of financial literacy, and low educational background could influence women’s access to building credits from banks. To facilitate the provision of loans to women from banks, it is necessary to improve government policy, economic reforms and banking legislation for women’s access to loans. AcknowledgmentThe article processing charge (APC) for this paper was supported by Covenant University Centre for Research, Innovation and Discovery, Nigeria.
format	article
author	Adedeji O. Afolabi Ifeoluwa R. Akinlolu
author_facet	Adedeji O. Afolabi Ifeoluwa R. Akinlolu
author_sort	Adedeji O. Afolabi
title	Evaluation of women’s access to building credits from banks in Nigeria
title_short	Evaluation of women’s access to building credits from banks in Nigeria
title_full	Evaluation of women’s access to building credits from banks in Nigeria
title_fullStr	Evaluation of women’s access to building credits from banks in Nigeria
title_full_unstemmed	Evaluation of women’s access to building credits from banks in Nigeria
title_sort	evaluation of women’s access to building credits from banks in nigeria
publisher	LLC "CPC "Business Perspectives"
publishDate	2021
url	https://doaj.org/article/552e88957bbe46ebb6a9798971c54dfb
work_keys_str_mv	AT adedejioafolabi evaluationofwomensaccesstobuildingcreditsfrombanksinnigeria AT ifeoluwarakinlolu evaluationofwomensaccesstobuildingcreditsfrombanksinnigeria
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Evaluation of women’s access to building credits from banks in Nigeria

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