Achieving Financial Inclusion for Persons With Disabilities: Exploring Preparedness and Accessibility of Financial Services for Persons With Disabilities in Malawi

Alex Nester Jiya, Maxwell Peprah Opoku, William Nketsia, Joslin Alexei Dogbe, Josephine Nkrumah Adusei

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

Abstract

Deplorable living conditions among persons with disabilities and the need to improve their living conditions cannot be overemphasized. This has triggered international discussion on the need for deliberate social policies to bridge the poverty gap between persons with and without disabilities. In Malawi, expansion of financial services has been identified as an essential tool to accelerate economic and inclusive development. However, empirical studies are yet to explore the preparedness of financial institutions to extend their services to persons with disabilities. In this qualitative study, semi-structured interviews were conducted with managers from commercial banks in Malawi to understand their perspectives on extending financial services to persons with disabilities. Interviews were transcribed verbatim and a descriptive thematic analysis was performed. Although participants reiterated the need to provide persons with disabilities with financial services to improve their well-being, few initiatives have been undertaken to improve their participation. Particularly, participants stated that barriers, such as a lack of financial literacy and adaptive technologies, communication barriers, and high rates of unemployment, explained the reluctance of commercial banks to extend financial services to persons with disabilities. The limitations, recommendations for future research, and implications of the study for policymaking have been highlighted.

Original languageEnglish
Pages (from-to)92-102
Number of pages11
JournalJournal of Disability Policy Studies
Volume33
Issue number2
DOIs
Publication statusPublished - Sept 2022

Keywords

  • economic development
  • financial inclusion
  • Malawi
  • persons with disabilities
  • poverty

ASJC Scopus subject areas

  • Health(social science)
  • Law

Fingerprint

Dive into the research topics of 'Achieving Financial Inclusion for Persons With Disabilities: Exploring Preparedness and Accessibility of Financial Services for Persons With Disabilities in Malawi'. Together they form a unique fingerprint.

Cite this