{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,5,6]],"date-time":"2022-05-06T21:40:41Z","timestamp":1651873241008},"reference-count":45,"publisher":"IGI Global","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2018,7,1]]},"abstract":"<p>Access to finance is an important factor for the sustainability and growth of business. Lack of finance means that, the business will operate under-optimal and cannot enjoy economies of scale. This article explores the difficulties of informal sector access to formal finance. The author offers means by which information and communication technology (ICT) can help bridge that gap. The study carried out asystematic literature review where several articles from Sub-Saharan Africa were reviewed. The findings show that access to finance is constrained by information asymmetry, lack of collateral, business informality, and bureaucratic procedures for accessing finance. ICT has potential to overcome these challenges by streamlining information flow, providing online collateral registration and reducing administrative processes for loan processing, disbursement and repayment. The findings suggest that, despite the big digital revolution in Africa, little has been done to align the digital world with the challenges of the informal sector.<\/p>","DOI":"10.4018\/ijictrame.2018070102","type":"journal-article","created":{"date-parts":[[2018,4,16]],"date-time":"2018-04-16T13:05:15Z","timestamp":1523883915000},"page":"17-30","source":"Crossref","is-referenced-by-count":0,"title":["ICT for Improving Financial Access in Informal Sector"],"prefix":"10.4018","volume":"7","author":[{"given":"Mwanaidi Shafii","family":"Msuya","sequence":"first","affiliation":[{"name":"College of Business Education (CBE), Dar es Salaam, Tanzania"}]}],"member":"2432","reference":[{"key":"IJICTRAME.2018070102-0","unstructured":"Airtel. (2017). Timiza. Retrieved March 18, 2017, from http:\/\/africa.airtel.com\/wps\/wcm\/connect\/AfricaRevamp\/Tanzania\/Airtel_Money_NEW\/Home\/Timiza"},{"key":"IJICTRAME.2018070102-1","doi-asserted-by":"publisher","DOI":"10.1080\/15228910802701296"},{"issue":"1","key":"IJICTRAME.2018070102-2","first-page":"140","article-title":"ICT for business services: The case of Ugandan microfinance institutions.","volume":"11","author":"J. K.Bada","year":"2012","journal-title":"International Journal of Research Reviews in Applied Sciences"},{"key":"IJICTRAME.2018070102-3","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2006.05.009"},{"key":"IJICTRAME.2018070102-4","doi-asserted-by":"publisher","DOI":"10.1016\/j.jss.2006.07.009"},{"key":"IJICTRAME.2018070102-5","doi-asserted-by":"publisher","DOI":"10.1016\/j.habitatint.2015.11.002"},{"key":"IJICTRAME.2018070102-6","first-page":"57","article-title":"Challenges affecting informal business funding in Zimbabwe: Implications for the Zimbabwe open university.","author":"R.Bukaliya","year":"2012","journal-title":"The African Symposium"},{"key":"IJICTRAME.2018070102-7","doi-asserted-by":"publisher","DOI":"10.1108\/info-05-2013-0025"},{"key":"IJICTRAME.2018070102-8","doi-asserted-by":"publisher","DOI":"10.4018\/978-1-4666-7288-8.ch017"},{"key":"IJICTRAME.2018070102-9","doi-asserted-by":"publisher","DOI":"10.1108\/DPRG-02-2016-0004"},{"key":"IJICTRAME.2018070102-10","unstructured":"Garrett, J. F. (2009). Bank and their customers. New York: Oceana Publications."},{"issue":"12","key":"IJICTRAME.2018070102-11","first-page":"1","article-title":"Challenges facing micro and small enterprises in accessing credit facilities in Kangemi Harambee market in Nairobi City County, Kenya.","volume":"4","author":"J. A.Gichuki","year":"2014","journal-title":"International Journal of Scientific and Research Publications"},{"key":"IJICTRAME.2018070102-12","author":"L. J.Gitman","year":"2003","journal-title":"The principles of managerial finance"},{"key":"IJICTRAME.2018070102-13","author":"E. S.Hendriksen","year":"2001","journal-title":"Accounting Theory"},{"key":"IJICTRAME.2018070102-14","doi-asserted-by":"publisher","DOI":"10.1080\/15228916.2015.1081025"},{"key":"IJICTRAME.2018070102-15","first-page":"81","article-title":"A systematic review of cross-vs. within-company cost estimation studies.","author":"B.Kitchenham","year":"2006","journal-title":"Proceedings of the 10th international conference on Evaluation and Assessment in Software Engineering"},{"key":"IJICTRAME.2018070102-16","unstructured":"L-Pesa. (2017). Sasa unaweza kurejesha mkopo wako wote kwa muamala mmoja tu. Retrieved from https:\/\/l-pesa.com\/tz\/news\/view\/sasa-unaweza-kurejesha-mkopo-wako-wote-kwa-muamala-mmoja-tu\/QXBnS0c3MmsvY2lLRWExU1pnbWxtUT09"},{"key":"IJICTRAME.2018070102-17","doi-asserted-by":"publisher","DOI":"10.25300\/MISQ\/2016\/40.2.11"},{"key":"IJICTRAME.2018070102-18","unstructured":"Li, F. Y., & Kuang, H. (2010). An Explanation of High Interest Rate of Informal Finance Based on Short-term Partial Equilibrium."},{"key":"IJICTRAME.2018070102-19","doi-asserted-by":"publisher","DOI":"10.1177\/0042098013497412"},{"key":"IJICTRAME.2018070102-20","unstructured":"Lyons(b), M., & Brown, A. (2009). Legal pluralism and development: street-trade and regulatory reform in Tanzania. London South Bank University."},{"key":"IJICTRAME.2018070102-21","doi-asserted-by":"publisher","DOI":"10.1521\/suli.2007.37.1.66"},{"key":"IJICTRAME.2018070102-22","doi-asserted-by":"crossref","unstructured":"Mramba, N., Apiola, M., Sutinen, E., Haule, M., Klomsri, T., & Msami, P. (2015). Empowering street vendors through technology: An explorative study in Dar es Salaam, Tanzania. In 2015 IEEE International ConferenceEngineering, Technology and Innovation\/International Technology Management Conference (ICE\/ITMC). Belfast: IEEE.","DOI":"10.1109\/ICE.2015.7438651"},{"key":"IJICTRAME.2018070102-23","doi-asserted-by":"crossref","unstructured":"Mramba, N., Rumanyika, J., Apiola, M., & Suhonen, J. (2017). Technologies for informal workers in Sub-Saharan Africa: Systematic Review and analysis. In D. Cornish (Ed.), Proceedings of the 2017 IEEE Science Technology & Innovation for Africa (pp. 507-512). Cape Town: IEEE.","DOI":"10.1109\/AFRCON.2017.8095530"},{"key":"IJICTRAME.2018070102-24","doi-asserted-by":"publisher","DOI":"10.1080\/20421338.2016.1147208"},{"key":"IJICTRAME.2018070102-25","doi-asserted-by":"publisher","DOI":"10.1108\/02640470610671240"},{"key":"IJICTRAME.2018070102-26","doi-asserted-by":"publisher","DOI":"10.1111\/jsbm.12058"},{"key":"IJICTRAME.2018070102-27","doi-asserted-by":"publisher","DOI":"10.1007\/s12132-006-0011-x"},{"issue":"7","key":"IJICTRAME.2018070102-28","first-page":"56","article-title":"Factors influencing access to finance by SMEs in Mozambique: Case of SMEs in Maputo central business district.","volume":"5","author":"M. H.Osano","year":"2016","journal-title":"Journal of Innovation and Entrepreneurship"},{"key":"IJICTRAME.2018070102-29","doi-asserted-by":"publisher","DOI":"10.1080\/15228916.2012.657937"},{"key":"IJICTRAME.2018070102-30","doi-asserted-by":"publisher","DOI":"10.1016\/j.rdf.2017.03.001"},{"key":"IJICTRAME.2018070102-31","doi-asserted-by":"publisher","DOI":"10.1080\/00220389908422621"},{"key":"IJICTRAME.2018070102-32","doi-asserted-by":"publisher","DOI":"10.1177\/095624789600800115"},{"key":"IJICTRAME.2018070102-33","doi-asserted-by":"crossref","unstructured":"Rosenberg, R., Gonzalez, A., & Narain, S. (2009). The new moneylenders: Are the poor being exploited by high microcredit interest rates? In T.A. Watkins, & K. Hicks (Eds.), Moving Beyond Storytelling: Emerging Research in Microfinance (Contemporary Studies in Economic and Financial Analysis (pp. 145 - 181). Emerald Group Publishing Limited.","DOI":"10.1108\/S1569-3759(2009)0000092008"},{"key":"IJICTRAME.2018070102-34","doi-asserted-by":"publisher","DOI":"10.1080\/09614520600792432"},{"key":"IJICTRAME.2018070102-35","unstructured":"Safaricom. (2016, June 11). Do more with m-pesa. Retrieved from http:\/\/www.safaricom.co.ke\/personal\/m-pesa\/do-more-with-m-pesa\/m-shwari"},{"key":"IJICTRAME.2018070102-36","doi-asserted-by":"crossref","unstructured":"Schneider, F., & Dominik, E. (2000). Shadow Economies around the World Size, Causes, and Consequences. Journal of Economic Literature, 38(1), 77-144.","DOI":"10.1257\/jel.38.1.77"},{"issue":"3","key":"IJICTRAME.2018070102-37","first-page":"5","article-title":"CT usage in microfinance institutions in Uganda.","volume":"1","author":"J. K.Ssewanyana","year":"2009","journal-title":"The African Journal of Information Systems"},{"key":"IJICTRAME.2018070102-38","doi-asserted-by":"publisher","DOI":"10.1142\/S1793993314400110"},{"key":"IJICTRAME.2018070102-39","doi-asserted-by":"publisher","DOI":"10.1111\/etap.12119"},{"issue":"1","key":"IJICTRAME.2018070102-40","first-page":"37","article-title":"Support for female entrepreneurs in South Africa: Improvement or decline?","volume":"29","author":"L.Viljoen","year":"2001","journal-title":"Journal of Family Ecology and Consumer Sciences"},{"key":"IJICTRAME.2018070102-41","unstructured":"Vodacom. (2016). Welcome to M-Pawa. Retrieved from https:\/\/vodacom.co.tz\/mpesa\/mpawa\/welcome"},{"key":"IJICTRAME.2018070102-42","doi-asserted-by":"publisher","DOI":"10.1016\/j.worlddev.2015.09.003"},{"key":"IJICTRAME.2018070102-43","doi-asserted-by":"publisher","DOI":"10.1002\/tie.21596"},{"key":"IJICTRAME.2018070102-44","unstructured":"World-Bank. (2016). New Online Collateral Registry System Facilitates Increased Access to Business Loans in Malawi. Retrieved from http:\/\/www.worldbank.org\/en\/news\/feature\/2016\/02\/04\/new-online-collateral-registry-system-facilitates-increased-access-to-business-loans-in-malawi"}],"container-title":["International Journal of ICT Research in Africa and the Middle East"],"original-title":[],"language":"ng","link":[{"URL":"https:\/\/www.igi-global.com\/viewtitle.aspx?TitleId=204503","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2022,5,6]],"date-time":"2022-05-06T21:12:06Z","timestamp":1651871526000},"score":1,"resource":{"primary":{"URL":"https:\/\/services.igi-global.com\/resolvedoi\/resolve.aspx?doi=10.4018\/IJICTRAME.2018070102"}},"subtitle":[""],"short-title":[],"issued":{"date-parts":[[2018,7,1]]},"references-count":45,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2018,7]]}},"URL":"https:\/\/doi.org\/10.4018\/ijictrame.2018070102","relation":{},"ISSN":["2472-3126","2472-3134"],"issn-type":[{"value":"2472-3126","type":"print"},{"value":"2472-3134","type":"electronic"}],"subject":[],"published":{"date-parts":[[2018,7,1]]}}}