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oai:repository.unam.edu.na:11070/41002025-09-06T22:01:18Zcom_11070_3315com_11070_3305col_11070_2806

Mukong, Alfred Shiwayu, Nikanor 2025-09-01T13:00:58Z 2025-09-01T13:00:58Z 2020 http://hdl.handle.net/11070/4100 A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration Finance There is a consensus between many development economists that a well-developed and inclusive financial system promotes inclusive growth and better livelihoods. Yet the size of the financially excluded adults in the world is still enormous. Generally, women are disproportionately excluded from formal financial systems and constitute more than half of the world 's unbanked population. The gender gap is systematic worldwide and persistent across all income groups in developing countries. However, it is interesting to observe that more eligible men are financially excluded than eligible womeri in Namibia. Motivated by this observation, in addition to limited evidence on gender gap in financial inclusion, this paper examines the determinants of financial inclusion in Namibia, with particular focus on what explains the observed gender gap. ' We employ the probit model to identify the determinants of financial inclusion and the Fairlie decomposition to examine the contribution of these factors to the gender gap in financial inclusion. The results suggest that women are more financially included, however, the observed gap is insignificant. We find that individual characteristics are important determinants of financial inclusion in Namibia. Financial literacy, educational attainment and proximity to financial institutions contribute positively to the observed gender gap. Thus, any policy action geared towards improving the level of financial inclusion of the disadvantage women should focus on enhancing their level of education, financial 'knowledge and access (proximity) to financial institution. However, the contribution of other individual and household characteristics cannot be completely ignored en University of Namibia Development economists Inclusive financial system Gender Gap Namibia University of Namibia Financial inclusion Determinants of financial inclusion in Namibia: An analysis of the gender Thesisopen.access