daniel's draft presentation.ppt

8/9/2019 DANIEL'S DRAFT PRESENTATION.ppt

1/21

THESIS PRESENTATION ON THE TOPIC

CONTRIBUTION OF MICROCREDIT TO

PRODUCTION OF ARTISANAL FISHERFOLKS IN

SEKONDI-TAKORADI METROPOLIS

BY

DANIEL ODEI OKYERE

(MASTER OF COMMERCE DEGREE IN FINANCE)


2/21

OUTLINE OF PRESENTATIONIntroducton

St!t"#"nt o$ t%" &ro'"#

O'"ct*"+ o$ t%" +tud,

R"+"!rc% u"+ton+

D"#t!ton o$ t%" +tud,

M"t%odoo.,

M!n $ndn.+ o$ t%" +tud,

R"co##"nd!ton+


3/21

Introducton

• Fishing activities in Sekondi-Takoradi Metropolitan

Assembly (STMA)

• Financing of fishing activities

• Characteristics of fishing communities in the STMA

• Microfinance operations in the fishing communities

• Attitude of artisanal fishers toard microcredit


4/21

St!t"#"nt o$ t%" &ro'"#

• !nade"uate supply of credit is an important constraint to

enhancing production in many developing countries#

• $ven though a lot of microfinance institutions have been

established to address the problem of inade"uate funding in

%hana& its impact has not been ell felt as they ought to be

• The ability of microfinance programmes such as microcredit

to reach fishers is limited because these microfinanceinstitutions argue that the fishers lack the necessary skills to

turn around the credit granted to them and this increases the

risk of default on the part of these artisanal fishers


5/21

Cont/d

• 'espite the fact that microfinance institutions have been

established in %hana& a lot of fisherfolks are still ignorant of

the procedures to be folloed to access credit from these

microfinance institutions#

• Fear of losing control of businesses to these microfinance

institutions

• There is the need to find a pragmatic approach to ensuring amicrocredit programme that ill guarantee continuous

financial assistance to fishers in order to improve the artisanal

fisheries sector#


6/21

O'"ct*"+ o$ t%" +tud,

• The purpose of this study as to eamine ho microcredit

could improve production of artisanal fishers in the Sekondi-

Takoradi Metropolis#

!n order to facilitate the investigation& four specific research

"uestions ere formulated to tackle the research obective#


7/21

R"+"!rc% u"+ton+

• *o is microcredit important to artisanal fishers+

• ,hat is the impact of microfinance on the production

outcomes on artisanal fishers+

• *o are microcredits utilised by artisanal fishers to enhance

production+

• ,hat constraints are there in accessing credit from

microfinance institutions+


8/21

S.n$c!nc" o$ t%" +tud,• The study ill assist businesses& especially fisherfolks about

the procedure to be folloed in order to easily access loans to

help develop their businesses#

•

Microfinance institutions can use this research to better

understand the activities of fishing& especially artisanal fishing

in order to grant them credit ithout problems#

• The government& through o% can use this research to design

policies that ill enhance access to credit by businesses&

especially fisherfolks from microfinance finance institutions#


9/21

D"#t!ton o$ t%" +tud,

• The study as delimited to artisanal fishers in the Amanful and .e Takoradi communities ithin the STM ho are registered

customers of the /oer 0ra 1ural ank /imited#

• The study also focused on the various microcredit programmes

and packages design by /oer 0ra 1ural ank /imited#

• The study as further delimited to the contribution the bank2smicrocredit packages have on the production level of the

artisanal fisherfolks in the STM#


10/21

Conc"&tu! $r!#"0or1

Artisanal fisherfolks3

behaviours and

practices over a

period of time

Microcredit interventions

En%!nc"d

&roducton

$nhanced

behaviours and

practices over a

period of time

Source4 Adapted from *ulme (5667)#


11/21

M"t%odoo.,• A case study research design as employed for this study#

• The population of the study as all registered artisanal

fisherfolks of /oer 0ra 1ural ank ithin the Sekondi-

Takoradi Metropolis#

• The study population also included operation managers of the bank ho can provide the needed information for the study#

• A sample si8e of 59: as selected for the study using simple

random sampling procedure#

• According to the ;niversal Accreditation oard (:


12/21

Cont/d

•The catchment communities of the artisanal fisherfolks ereidentified purposively (thus communities ith :< or more

registered fishermen) hile the lottery method of simple

random sampling as used to select to communities ithin

the catchment of Sekondi-Takoradi thus& .e Takoradi and .e Amanful#

• ,ith regard to the individual registered fisherfolks& the lottery

method of simple random sampling techni"ue as used toselect them#


13/21


14/21

Cont/d

• oth "uantitative and "ualitative data ere ere collected#

• oth intervie schedule (artisanal fisherfolks) and

"uestionnaire (operations manager of /oer 0ra 1ural ank)

ere used to elicit data from the respondents

• Fre"uency& percentage and cross tabulations ere used to

analyse the "uantitative data# ,ith regard to the "ualitative

data& the responses ere first put into various themes basedon the research obectives of the study# !tem by item

procedure as used to analyse the data#


15/21

M!n $ndn.+ o$ t%" +tud,

• 0reponderance number of the respondents admitted that

microfinance facility available to them is important ith regard

to their fishing business activities# This is so since it help boost

their capacity to invest or epand their fishing business#

•Also& the rate of repayment among the borroers from thecommunity is "uite high& since the artisanal fishers perceive it

as very important to their survival in the fishing business#

• The microcredit or loans provided by /01 /imited help the

artisanal fishers establish a cash economy by providing basic

financial understanding and building credit standing for

individual artisanal fishers#


16/21

Cont/d

• The bank2s operations manager added that the microcredit and

deposit services provided by the bank strengthen social and

labour resources for the artisanal fishers& thus improving the

infrastructure on a local level& obtain ne technology& thereby

epanding production#

• Microcredit packages of /01 /imited have helped reduce their

level of poverty#

•'ue to microcredit packages of the bank& artisanal fishers areable to epand their fishing business hich in turn increases their

profit# This has made it possible for them to be able to pay their

children school fees on time and to give them "uality education#


17/21

Cont/d

• Microcredit packages available to the artisanal fishers has

resulted in improving artisanal fishers life chances since theycan no pay for better health care& "uality education and decent

accommodation#

• Access to microcredit allos artisanal fishers to purchase neand modern inputs& spare parts& fish nets& fishing gears& and

outboard motors# These changes and improvement in the inputs

help to increase their fish harvest and income as a hole#

• Maority of the respondents ere of the vie that inade"uate

funding is one of the challenges they are facing in their fishing

business#


18/21

Cont/d• The maor challenges they face as artisanal fishers are high cost

of fishing inputs such as nets& outboard motors and spare parts&

high cost of premi fuel and use of light and other chemicals for

catching small fishes#

•

Maority of the artisanal fishers further asserted that some of thechallenges they face in accessing microcredit is the bureaucracy

of the loan process in terms of documentations& the re"uest for

guarantors and the delays in processing loans#

• The operations manager also stated that the challenges the bank

faces hen it grant microcredit to artisanal fisher are that4 the

repayment of the loans are mostly irregular due to irregularity

of the fishing business#


19/21

R"co##"nd!ton+

• ased on the key findings and conclusions of this study& it is

recommended to the operations manager that he should re"uest

management of /oer 0ra 1ural ank /imited to ensure that

the bank continuously supervises& monitor and follo up their

clients ade"uately and closely to avoid diversion of funds& to

improve on customer care and not to rely on groups only but

also consider individuals on merit as ell#

• The artisanal fishers in the communities are also advised to

ensure that they use the loan money for intended purposes onlyand avoid money misuse and diversion of funds# Also& they get

more investment opportunities from family members or friends

instead of the bank#


20/21

Cont/d• The reasons for the statutory limits on collateralisation of

government2s borroing against the proected petroleumrevenue are not circumvented to instil transparent and conform

to international best practice#

• The limit on mandatory savings and budgetary support in themanagement of petroleum revenue are strictly obeyed by all

especially the eecutive arm of government as indicated in the

0etroleum 1evenue Management Act :5?)#


21/21

daniel's draft presentation.ppt

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