Utilization of Technology and Sustainability of the Youth Development Fund in the Copperbelt and Lusaka Province in Zambia
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Date
2021-04
Authors
Bwalya, Chikumbi Ruth
Njangiru, Mungai John
Journal Title
Journal ISSN
Volume Title
Publisher
IOSR Journal of Economics and Finance (IOSR-JEF)
Abstract
In Zambia the access to finance is hard and costly attributable to high lending rates. This has led to most
Zambians together with the youths failing to access finances leading to the increase in volumes of youth
unemployment and poverty. In turn to act in response to Zambia’s youth unemployment crisis, the government
of Zambia through the Ministry of Youth Sport and Child Development established the Youth Development Fund
in 2006 to reduce poverty by enhanced job creation. In this programme sustainability has been difficult to
achieve because of low repayment rate of beneficiaries. The study sought to examine the utilization of
technology and sustainability of the youth development fund in Zambia with evidence from Copperbelt and
Lusaka province. The specific objective of the study was to assess the effect of technology on sustainability of
the youth development fund in Zambia. The study was anchored on the unified theory of acceptance and use of
technology and the Institutional and sustainability theory. A descriptive research design and a purposive
sampling method were used with a sample size of 207 respondents from both Copperbelt and Lusaka provinces.
The study relied on primary data, with the aid of a questionnaire. Data was analysed using SPSS, frequency
tables, charts and multiple regression analysis. In line with the objectives of the study, the findings revealed that
technology was statistically significant to sustainability of the youth development fund. The study recommended
that the ministry of youth sport and child development should provide business and financial coaching for
beneficiaries, ensure they install a monitoring business performance system to monitor beneficiaries, as well as
adopt the use of technology where an integrated electronic management system for loan assortment will be used
track beneficiaries and also keep necessary records pertaining to the fund.
Description
A Research Article in the IOSR Journal of Economics and Finance (IOSR-JEF)
Keywords
Technology, Sustainability, Loan Repayment, Government Revolving Funds, Youth Development Fund.
Citation
BWALYA, C. R., & NJANGIRU, D. M. J. 35. Utilization of Technology and Sustainability of the Youth Development Fund in the Copperbelt and Lusaka Province in Zambia. In 2nd International Business Research and Industrial Conference (IBRIC) (p. 349).