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2024 | OriginalPaper | Chapter

9. Financial Literacy, Access to Microfinance, and Sustainable Development

Authors : Morshadul Hasan, Ariful Hoque

Published in: Financial Inclusion

Publisher: Springer Nature Switzerland

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Abstract

This study aims to explore the impact of financial knowledge on getting microfinance access. An experimental methodology is employed, particularly probabilistic models, such as Logit and Probit, using data from a primary survey. The results of this study confirm that knowledge of savings and loans, savings and loan interest rates, installment payments, and security deposits have positive and significant effects on access to microfinance. Access to microfinance promotes Sustainable Development through reducing poverty (SDG 1), achieving zero hunger (SDG 2), promoting gender equality (SDG 5), creating decent employment, promoting economic growth, and reducing income inequality (SDG 10).

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previous chapter Financial Literacy, Economic Inequality, and Trust in Government

next chapter Financial Inclusion of Rural Women in the Global South

https://www.worldbank.org/en/topic/poverty/overview

Standard BDT to USD rate in December 2019.

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Please see (Kim et al., 2019) for further reading.

Please see (Garikipati et al., 2017; Warnecke, 2015; Zulfiqar, 2017) for further reading.

Please see (Hermes, 2014; Lacalle-Calderon et al., 2019; Mushtaq & Bruneau, 2019) for further reading.

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Title: Financial Literacy, Access to Microfinance, and Sustainable Development
Authors: Morshadul Hasan
Ariful Hoque
Publisher: Springer Nature Switzerland
Book: Financial Inclusion
Print ISBN: 978-3-031-68802-7

Electronic ISBN: 978-3-031-68803-4

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-68803-4_9

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