REPRESENTATION OF THE FINANCIAL NEEDS OF RURAL MALAGASY HOUSEHOLDS

Authors

  • L. S. Razafindrakoto https://orcid.org/0000-0003-2082-2514
  • S. Ramananarivo
  • H. L. Rakotonirainy
  • H. F. Ranaivoarisoa
  • A.M. S. Rabotovao
  • M.L Rakotoarivelo
  • R. Ramananarivo

DOI:

https://doi.org/10.29121/granthaalayah.v9.i11.2021.4352

Keywords:

Rural Financing System, Financial Needs, Financial Priority, Behavioural Logic, Social Obligation, Behavioural Change

Abstract [English]

Madagascar is committed to implementing local financial services to facilitate rural households' access to these various services and promote rural development. The objective of the study is to understand the realities of the financing system in rural areas and more particularly in the rural commune of Alakamisy Itenina in vohibato district, and this, through the experience of rural households that determine the different financial needs and their financial priority. Using the Schwartz formula, surveys of 81 households were statistically treated. The results show that rural households prioritize social needs by meeting the social obligations dictated by fihavanana. The first place of the social obligations is perceived through the attachment to the traditional practice by the proverb “atero k'alao” which means "one receives by giving". This is how behavioural logic has been observed in localities far from financial services. Changing this behavioral logic turns out to be the best option. Rural households should accept new forms of financial innovation.

Downloads

Download data is not yet available.

References

Anonymous, (2021) Definition of the P-value [online] http://datascience.eu, page consulted on 20 January 2021

Anonymous, (2021) Geomatics on the smartphone, Kobotoolbox [online] http://monge.univ-mlv.fr, page consulted on 20 January 2021

Baumann, E., (2004). Microenterprise and vulnerability management in sub-Saharan Africa, past and present. Dialogue ADA-Appui au Développement Autonome, n°33, pp. 31-53.

Bouquet, E., Wampfler, B., Ralison, E., Roesch, M., (2007). Credit trajectories and vulnerability of rural households. Le cas des CECAM de Madagascar. Autrepart pp.157-172. Retrieved from https://doi.org/10.3917/autr.044.0157 DOI: https://doi.org/10.3917/autr.044.0157

Condominas, G., (1991). Fokon'olona and rural communities in Imerina. Paris: ORSTOM, 265 p.

Deliège, A., (2008). The place of the market economy in a rural Malagasy society: the relevance of Polanyi's work. Interventions Economique, n°38, 28p.

Denworth, L., (2021) P-value, a significant problem [online] http://www.pourlascience.fr, page consulted on 20 January 2021

Doligez, F., Lemelle, J. P., Lapenu, C., & Wampfler, B., (2008). Financing agricultural and rural transitions. In J.-C. Devèze (ed) Défis agricoles africains, 313 p.

Droy, I., (1990). Women and rural development. Paris: Karthala, 184 p.

Droy, I., (1993). The usurer and the banker: rural credit in Madagascar. Paris: ORSTOM, pp. 291-311.

Dubois, R., (1978). Olombelona. Essay on personal and collective existence in Madagascar. Paris: L'Harmattan, 157 p.

Gannon, F., and Sandron, F., (2006). Exchange, reciprocity and innovation in a farming community. Une lecture conventionnaliste. Economie Rurale, n°292, 18p. Retrieved from https://doi.org/10.4000/economierurale.741 DOI: https://doi.org/10.4000/economierurale.741

Harrisson, D., (2012). Social innovation and the Schumpeterian entrepreneur: two theoretical readings. Interventions Economiques, n°45, 20p.

Houngbo G., (2014). Investing in rural transformation in Africa is essential. International Labour Organization.

Lapenu, C., (2007). Recent developments in agricultural finance supply and strategies. CERISE, 18p.

Morvant-Roux, S., (2008). What microfinance for agriculture in developing countries? 8p.

Moulende-Fouda, T. M., (2003). Financing mechanisms in Cameroonian rural areas, Thesis in Economic Sciences. University of Versailles, 379 p.

Rakotonarivo, A., (2011). Living there, existing here: absence and presence of migrants in the Highlands of Madagascar. Varia, pp. 249-263. Retrieved from https://doi.org/10.4000/eps.4481 DOI: https://doi.org/10.4000/eps.4481

Sandron, F., (2007). Anti-risk strategies and safety nets in a rural Malagasy commune. Autrepart n°44, pp. 141-156. Retrieved from https://doi.org/10.3917/autr.044.0141 DOI: https://doi.org/10.3917/autr.044.0141

USAID, (2021) Frequently Asked Questions: Using Mobile Device Data Collection in the LAUNCH Project [online] http://publications.jsi.com, page accessed 20 Jan 2021

Yaron, J., Benjamin, M., Charitenko, S., (1998). Promoting Efficient Rural Financial Intermediation. The World Bank Research Observer n°13, pp. 147-170. Retrieved from https://doi.org/10.1093/wbro/13.2.147 DOI: https://doi.org/10.1093/wbro/13.2.147

Downloads

Published

2021-11-30

How to Cite

Razafindrakoto, L. S., Ramananarivo, S., Rakotonirainy, H. L., Ranaivoarisoa, H. F., Rabotovao, A. S., Rakotoarivelo, M., & Ramananarivo, R. (2021). REPRESENTATION OF THE FINANCIAL NEEDS OF RURAL MALAGASY HOUSEHOLDS. International Journal of Research -GRANTHAALAYAH, 9(11), 23–29. https://doi.org/10.29121/granthaalayah.v9.i11.2021.4352