International Journal of Humanities, Management and Social Science (IJ-HuMaSS)

Interest Rate and Loan Default in Financial Institutions

Monica Twesiime — 2024-06-23

The study was carried out to examine the relationship between interest rate and loan default in Pride Microfinance in Ishaka-bushenyi municipality, Bushenyi District, a case of Pride Microfinance Ishaka branch. This study was guided by a mixed research design. Questionnaires and interviews were used as data collection instruments. A purposive sampling technique was used to sample 50 respondents. It was found out that there are high costs of getting business loans by borrowers because of a lack of collateral. The high interest rate level on the borrowers leads to loan default among business borrowers because the profit margin is very low. It was also found out that the possible solutions to reduce loan default were proper loan assessment, motivating good loan clients, reducing interest rates and proper loan monitoring. Also, financial institutions should tighten and follow the possible solutions to minimize high interest rates to favour business borrowers for greater productivity. It was recommended that though the availability and accessibility of loanable funds is very important, the Institution could consider lowering interest rates to enhance loan on time loan repayment. The Institutions could consider the establishment of micro insurance to protect customers. There should be increased monitoring of loan to ensure that funds are not diverted, loans are used for the intended purpose and repayment made on time. The study concluded that financial Institutions have to reduce the costs of getting business loans and interest rate which would encourage borrowers to obtain business loans to effectively operate their business activities and as well as repaying the loans

An Extended Theory of Planned Behaviour for Explaining Chinese Domestic Electric Vehicle Purchasing Behaviour

Zi-Xu Wang — 2024-06-23

Compared to traditional fuel-powered cars, electric vehicles (EVs) are widely acknowledged as a viable form of transportation and an effective way to address the issues of energy scarcity and air pollution. However, the majority of countries, including China, have recently lowered their preferential treatment and will instead adopt a market-driven strategy to promote EVs. Thus, it is critical to identify the particular elements that support and undermine consumer decisions to choose EVs. This study investigates the impact of perceived value (PV) and consumer ethnocentrism (CE), along with components of TPB, on consumers’ intentions towards the adoption of domestic EVs by using a convenience sample method to collect data. The results showed that attitude, subjective norm (SN), and perceived behavioural control (PBC) positively influence intention. SN positively influences attitude, and attitude plays a mediational role between SN and intention. In addition, PV and CE positively influence attitude towards purchasing domestic EVs. Last, the theoretical and practical implications and limitations are discussed accordingly.

The Gambia at Crossroads: Presidential Pardon a Constitutional Fiat

Ousu Mendy — 2024-06-24

The Constitution of the Republic of The Gambia, 1997 is promulgated with the original intent to be a living constitution with clauses that permit amendments. While a constitution is a legal and political document agreed upon by stakeholders as the principal instrument in governing the affairs of a state, it is a liability in the context of its dependency on what the people want it to ‘do’ and therefore, convictions based on cogent evidence need to be made from a different squint. Politization of the living nature of a constitution joint with partisan politics and the resolute nature of the political class in securing their ‘throne’ in democracy expresses the ideology and praxis of presidential pardon as a bait to attract masses to their camps. This research proposes for revisitation of Section 82 of the Constitution in the aftermath of the proclivity of the government to enforce it, notwithstanding the crimes inmates were convicted of. In this research, doctrinal legal research is used and finally concludes that Section 82 is not a constitutional fiat and thus, its application must be guided principally by constitutional ethos and mores in guaranteeing justice through respect and protection of the rights of the people.