Financial Service usage and Rice Commercialization of Smallholders Farmer in Kilombero District: The Role of Institutional Law and Regulation

This survey study was conducted in Tanzania to assess the effect of financial service usage on the agriculture commercialization of smallholder rice growers in Kilombero District. Primary data were collected using survey questionnaires from 358 smallholder farmers. Data were analyzed using hierarchical multiple regression analysis and Hayes PROCESS macro with the help of IBM SPSS software. The results obtained suggest that financial services usage had a positive effect on rice commercialization. The results also confirm that institutional law and regulation had a negative significant moderating effect on the relationship between financial service usage and agriculture commercialization. This implies that high laws and regulations in accessing and using financial services hinder smallholder farmers’ usage of financial services. The study recommends that to improve the level of agriculture commercialization, policymakers and the Government are required to set policies which reduce the cost of accessing and using financial services and improve the efficiency of rules and regulations governing financial services usage.

• Publication year

  2023

• Venue

  PAN-AFRICAN JOURNAL OF BUSINESS MANAGEMENT

• Publication date

  2023-02-10

• Fields of study

  Not labeled

• Identifiers
  DOI 10.61538/pajbm.v6i1.1152
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Determinants of cereal crops commercialization among smallholder farmers in Guji Zone, Ethiopia

  2021influential reference
• Does independent goal interdependence impair dynamic capability? The mediating role of supplier integration and the moderating role of internal integration

  2021cited by this paper
• How financial literacy moderate the association between behaviour biases and investment decision?

  2021cited by this paper
• Relative exploration orientation and real options reasoning: survey evidence from Denmark

  2021influential reference
• Typology of contract farming arrangements: a transaction cost perspective

  2020cited by this paper
• Measuring usage of formal financial services as a proxy for financial inclusion

  2020cited by this paper
• Financial exclusion of bankable adults: implication on financial inclusive growth among twenty-seven SSA countries

  2020cited by this paper
• Examining the role of financial intermediaries in promoting financial literacy and financial inclusion among the poor in developing countries: Lessons from rural Uganda

  2020cited by this paper
• Smallholder wheat farmers’ commercialization level and its determinants in northwestern Ethiopia

  2020cited by this paper
• Intensity of commercialization and the dimensions of food security: the case of smallholder farmers in rural Tanzania

  2020influential reference
• Agricultural labour productivity and credit constraints: implications for consumption in rural Ghana

  2020cited by this paper
• Commercialization and its determinants among smallholder farmers in Zimbabwe. A case of Shamva District, Mashonaland Central Province

  2019influential reference
• Measuring impact of financial inclusion on rural development through cooperatives

  2019cited by this paper
• Stepping up to market participation of smallholder agriculture in rural areas of Indonesia

  2019influential reference
• The Use of ‘Mobile Phones’ in Changing the Banking Regulatory Landscape in Africa

  2019cited by this paper
• Impact of access to credit on farm income: policy implications for rural agricultural development in Lesotho

  2018cited by this paper
• Does bank competition promote financial inclusion? A cross-country evidence

  2018cited by this paper
• Agricultural Commercialisation and Food Security in Rural Economies: Malawian Experience

  2018cited by this paper
• Financial Inclusion in Sub-Saharan Africa: Recent Trends and Determinants

  2018cited by this paper
• An institutional view on access to finance by Tanzanian women-owned enterprises

  2018cited by this paper
• The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution

  2018influential reference
• Connecting the poor: the internet, mobile phones and financial inclusion in Africa

  2018cited by this paper
• Examination of the Status of Financial Inclusion and Its Determinants in Tanzania

  2018cited by this paper
• Trust, cultural norms and financial institutions in rural communities: the case of Cameroon

  2018cited by this paper
• Research Design: Quantitative, Qualitative, Mixed Methods, Art-Based, and Community-Based Participatory Research Approaches

  2017cited by this paper
• Financial self-efficacy: a mediator in advancing financial inclusion

  2017cited by this paper
• Determinants of commercialization and its impact on the welfare of smallholder rice farmers by using Heckman’s two-stage approach

  2017influential reference
• Financial Regulations, Financial Literacy, and Financial Inclusion: Insights from Kenya

  2017influential reference
• Financial inclusion and agricultural commercialization in Ghana: an empirical investigation

  2017influential reference
• Farm credit access, credit constraint and productivity in Ghana: Empirical evidence from Northern Savannah ecological zone

  2017cited by this paper
• Determinants of Agricultural Commercialization among Smallholder Farmers in Munyati Resettlement Area, Chikomba District, Zimbabwe

  2016cited by this paper
• Financial Inclusion of The Small and Marginal Farmers by the Banking Sector in Kerala

  2016cited by this paper
• Financial inclusion : the role of financial system and other determinants

  2016cited by this paper
• Institutional frames for financial inclusion of poor households in Sub-Saharan Africa: Evidence from rural Uganda

  2016cited by this paper
• How has microcredit supported agriculture? Evidence using panel data from Bangladesh

  2016cited by this paper
• The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana

  2016cited by this paper
• Scoping the regulatory environment for harnessing normative anti-money laundering laws in LDCs

  2013cited by this paper
• Measuring Financial Inclusion: Explaining Variation Across and Within Countries

  2013cited by this paper
• Assessing the Extent of Commercialization of Smallholding Farming Households in Cross River State, Nigeria

  2013cited by this paper
• Savings Constraints and Microenterprise Development: Evidence from a Field Experiment in Kenya

  2009cited by this paper
• Strategies to Promote Market-Oriented Smallholder Agriculture in Developing Countries: A Case of Kenya

  2008cited by this paper
• Factors enhancing market participation by small-scale cotton farmers

  2008cited by this paper
• Pearson New International Edition

  year unknowninfluential reference

• No citing papers are available for this paper.