Determinants of rural household saving
The case of North Shewa Zone, Oromia Regional, Ethiopia
Keywords:
saving culture, livelihoods, annual expenditure, financial institutions, livestock ownershipAbstract
This study examined factors that affect saving behavior of rural households in North Shewa Zone, Oromia Regional Sate. It employed descriptive statistics and to analyze the data collected from a sample of 400 rural households in the study area. The result showed that about 83.4 percent of sampled households involved in saving of which 23.75 percent use formal financial institutions and the remaining other alternative saving options. The findings implied the need for designing strategies that could improve the saving behavior, mobilization and of saving by rural households. Moreover, the need for government involvement in building the capacity of rural households in terms of education and information systems with regards to savings as well as encouraging financial institutions to implement door- to-door service provisions so as to enhance saving behavior of households are desirable.
Downloads
References
Alebachew Goshim (2017) Determinants of Rural Household Saving;The Case of North Shewa Zone, Amhara Regional State, Ethiopia
Befekadu and Berhanu Nega, annual report of Ethiopian economy. Volume 1,2000
Dejene Aredo, (2003). Informal Financial Institutions: The Economic Importance of Iddir, Iqqub, and Loans, Technological Progress in Ethiopian Agriculture, Proceedings of the National Workshop on Technological Progress in Ethiopian Agriculture; November 29-30, 2001. Economics Department, Addis Ababa University, Ethiopia.
Girma Teshome(2013) Determinants of Rural Household Savings in Ethiopia: The Case of East Hararghe Zone, Oromia Regional State Journal of economic and sustainable development ,Aron H., Niguse A., Getenet B., Research in culture of saving in Ethiopia, vol A,2013
Julia Hoyle and Geoffrey whiteleed,Element of banking AddisAbaba Commerce Colleg
Tsega Hagos(2015) Households Saving Behavior: Knowledge, Practice and Affecting Factors in North Gondar Zone, Amhara, Ethiopia
Zhu, Q., (2004). The Impact of Rural Enterprises on Household Savings in China. ZEF – Discussion Papers on Development Policy Bonn, Germany.(www.isite .organization)
Published
How to Cite
Issue
Section
Copyright (c) 2022 International journal of health sciences
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Articles published in the International Journal of Health Sciences (IJHS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IJHS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IJHS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
This copyright notice applies to articles published in IJHS volumes 4 onwards. Please read about the copyright notices for previous volumes under Journal History.
