The Effect of Financial Literacy on Financial Growth Among Microfinance Clients

2026-02-24T08:52:36+00:00

Purpose: The purpose of this paper is to examines the effect of financial literacy on financial growth among microfinance clients in Manyu Division, Cameroon. Design/Methodology/Approach: It employed a descriptive and causal-comparative research design and deductive approach. This study gathered primary data from 412 micro finance clients in Manyu Division, Cameroon, using a Likert scale questionnaire and non-probability convenience sampling. Descriptive analysis, Pearson correlation and multiple linear regression models were applied to examine the role of financial literacy on financial growth among microfinance clients in Manyu Division. Findings: The findings indicate that the independent variables accounted for 63.75 percent of the variation in the dependent variable, demonstrating a significant link between financial literacy and financial growth. The results showed that all independent variables played a significant role in driving financial growth and influencing the financial development of microfinance members. Each independent variable demonstrated a positive relationship with the dependent variable. Specifically, financial knowledge, financial behaviour, and financial planning concluded a positive and statistically significant influence on financial growth. Practical Implications: The findings underscore the importance of these factors in promoting financial growth, emphasizing that targeted financial education programs can enhance clients’ financial wellbeing, inform policy decisions, and improved microfinance institutions services. Originality/Value: The originality/value of this study lies in its context-specific focus, targeting microfinance clients, an often-underserved population and providing data-driven insights to inform policy and practice.

Economic Growth of a Nation Depends on the Optimum Utilization of Vegetables: A Study of Unified Vegetable Command Structure in India Through Integrated Multipurpose Multilevel Warehousing Model

2026-03-20T02:31:48+00:00

Vegetables occupy a central position in nutrition security because they supply essential vitamins, minerals, and antioxidants that safeguard human health. Their role extends beyond dietary well‑being to economic development, particularly in countries like India, which is the world’s second‑largest producer of vegetables. Despite this scale of production, inefficiencies in storage, distribution, and supply‑chain management continue to limit the sector’s potential. This study investigates how vegetables contribute to national economic growth and proposes a unified command framework supported by multipurpose, multilevel warehousing systems strategically located across India, including coastal corridors. Such infrastructure is designed to streamline logistics, reduce transit delays, and minimize post‑harvest losses, while ensuring consistent quality and availability in retail markets. Evidence suggests that integrated cold‑chain and warehousing facilities can cut distribution time nearly in half, lower wastage by more than 60 percent, and extend shelf life significantly. These improvements not only stabilize consumer prices but also enhance farmer incomes and strengthen market competitiveness. The findings highlight that modernized vegetable supply chains are not merely agricultural interventions but critical drivers of inclusive and sustainable economic growth.

Journal of World Economy

The Effect of Financial Literacy on Financial Growth Among Microfinance Clients

Economic Growth of a Nation Depends on the Optimum Utilization of Vegetables: A Study of Unified Vegetable Command Structure in India Through Integrated Multipurpose Multilevel Warehousing Model