Pattern of Distribution and Level of Awareness of the TraderMoni Scheme among Women Petty Traders in Bayelsa
DOI:
https://doi.org/10.55677/SSHRB/2024-3050-0401Keywords:
TraderMoni, Market women, Petty traders, Women empowerment, Welfare approachAbstract
This study investigated the pattern of distribution and level of awareness of the TraderMoni scheme among women petty traders in Bayelsa" utilising welfare and anti-poverty theories. The research comprised a mixed-methods approach, recruiting 600 participants for the quantitative segment and 13 participants for qualitative insights. Multi-stage sampling was employed to select participants, and data collection was conducted through questionnaires, In-depth Interviews (IDI), and Key Informant Interviews (KII). Analytical methods included univariate and bivariate analysis for quantitative data, while an inductive approach was applied to qualitative data. Findings revealed that a majority of market women had received TraderMoni, with 54% of these beneficiaries’ receiving payments through bank channels. The study also indicated that a significant portion of respondents were in the early stages of loan repayment, with 32% in their second stage. Moreover, socio-demographic factors such as age and marital status were found to significantly influence the likelihood of receiving the loan. Awareness levels of the TraderMoni scheme were high among respondents, with 79% reporting awareness. However, gaps in knowledge were identified regarding specific aspects of the scheme, including its interest-free status, repayment procedures, and loan categories. This study underscores the importance of enhancing communication and education efforts about the TraderMoni scheme to ensure that beneficiaries are fully informed about its features and requirements.
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