The impact of consumer debt on financial sustainability of village councils in the Hardap region of Namibia
No Thumbnail Available
Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of Namibia
Abstract
The main purpose of the study was to investigate the impact of consumer debt on financial
sustainability of village councils in the Hardap Region namely: Gochas, Gibeon,
Kalkrand, Stampriet and Maltahohe Village Councils. The study adopted mixed methods
with both positivist and interpretivist paradigms. Both probability and non-probability
sampling methods were applied. Through stratified sampling, the researcher drew 70
respondents from the 96 employees of the 5 peri-urban councils and simple random
sampling technique was used to pick 25 residents from all the five village councils in the
Hardap Region. The total study sample for this study was made up of 100 participants.
The study adopted two sets of data collection instruments in the form of a questionnaire
with structured questions and an interview guide to collect quantitative and qualitative
data respectively. All qualitative data was analysed thematically and presented in narrative
fonn using direct quotations from respondents. Quantitative data was analysed using
descriptive statistics and presented in the form of tables. The results revealed that
government grants, consumer debt and borrowed funds have a direct impact on the
financial sustainability measured in terms of surplus/deficit. Hence, village councils
should come up with financial strategies or policies aimed at enhancing the income
generating capacity of these non-profit organisations and which will at the same time
maintain the overall operational expenditure at its lowest possible levels
Description
A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration Finance
Keywords
Consumer debt, Financial sustainability, Hardap region, Village councils, Namibia, University of Namibia