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Impact of Banking Finance on Economic Development of Gum Arabic Traders in North Kordofan, Sudan
Current Issue
Volume 7, 2019
Issue 2 (June)
Pages: 44-49   |   Vol. 7, No. 2, June 2019   |   Follow on         
Paper in PDF Downloads: 6   Since Sep. 26, 2019 Views: 76   Since Sep. 26, 2019
Authors
[1]
Mawada Abdelrahman Abdelmajed Mohamed, Department of Banking and Finance Studies, Faculty of Economic and Commercial Studies, University of Kordofan, Elobied, Sudan.
[2]
Ibrahim Fadel Elmola Elbashir, Department of Banking and Finance Studies, College of Business Studies, Sudan University of Science and Technology, Khartoum, Sudan.
[3]
Awad Elkarim Suliman Osman Khalifa, Department of Gum Arabic Research, Institute of Gum Arabic Research & Desertification Studies, University of Kordofan, Elobeid, Sudan.
Abstract
The study was conducted in Elobied Central crop market, Sheikan locality, North Kordofan, Sudan to investigate the Impact of Banking Finance on the Economic Development of Gum Arabic Traders in North Kordofan in term of income, livelihood. Moreover, the paper is intended to describe the impact of banking finance on the dynamic of Gum Arabic traders and companies in the market, beside the change of gum Arabic quantities and the improvement on the Marketinfrastructure and services during the financing periods. Primary data were collected via structured questionnaires based on stratified random sampling technique, while secondary data were collected from market records and documents. A set of research tools encompassing descriptive statistics, linear regressionand Kurskal – Wallis Test were used. The results of the study showed that the Banks provides Finance for the Gum Arabic Traders with increasing trend (R2 = 0.96). All respondent indicated that the Banking finance led to increase their income mainly the city trader received high annual income compared to the village traders with is significantly different according to Kurskal – Wallis Test (χ2 = 11.14***). Also, the majority of respondents 99%, 95%, 93%, and 90% mentioned that the income generated from Trading in Gum Arabic contribute in covering living expenses, health, schooling, and social aspects respectively. The trend with regard to of number of the Gum Arabic stakeholders and Gum Arabic quantitiesat Elobeid Central Crops Market expressed different tendencies; number of registered traders showed increasing trend (R2 = 0.79) and the number registered companies revealed slight increase (R2 = 0.57), and the trend of Gum Arabic quantities showed increasing decreasing trend (R2 = 0.02). Concerning the improvement in the Elobied Crop market, the majority of respondent 95%, 99%, and 98% reviled that the market infrastructure, market services and marketing information system was improved respectively.
Keywords
Banking Finance, Gum Arabic, Trades, Economic Development, Market
Reference
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