Effects of the harmos Bicycle loan project on the Social Economic well being of the beneficiary Farmers in Chongwe District
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Date
2009
Authors
Sakala, Marcus Francis
Journal Title
Journal ISSN
Volume Title
Publisher
University of Zambia
Abstract
The main objective of this study was to find out the major benefits beneficiaries derive from
the bicycle loan project, and perceptions beneficiaries have regarding the bicycle loan
facility. The study is based on sample survey data from Chongwe district of Lusaka Province
of Zambia. Collected data was analyzed in Statistical Package for Social Sciences (SPSS) to
generate descriptive statistics. Frequency distribution tables were generated to calculate each
response as a percentage of the total responses available for a particular question. The study
also considered characteristics of the beneficiaries such as the level of education, marital
status, sex and age.
Field results showed that most (44.0%) beneficiaries use the bicycles for taking agricultural
produce to the market; 20.9% use the bicycles to take children to school; 4.4% of the
beneficiaries hire the bicycles out. The other 4.4% said they use the bicycles as transport to
community meetings. 4.4%; 3.3%; 2.2% and 1.1% indicated using the bicycle for
transportation to the field, clinic, in search of new occupation and drinking places. Over
fourteen percent (i.e. 14.4%) represent the sample population that was not contacted. On
beneficiaries perception 46.0% indicated that bicycle loan was less risky compared to other
loans while,39.6% said the loan was not less risky because any delay in fulfilling the loan
repayments resulted in the loss of the their bicycles by Harmos Micro Development Limited
(HMDL) bailiffs. On the other hand, 59.3% of the beneficiaries indicated that HMDL
bicycles were more durable compared to other bicycles, while 23.3% said otherwise. 75.6%
of the respondents said the loan was affordable while 10.0% indicated that loan was not
affordable.
Description
Student Project Report
Keywords
Rural Credit-Chongwe-Zambia , Agricultural Credit-Chongwe-Zambia , Bicycles-Chongwe,Zambia