Project Financing and Success of Agricultural Development Projects in Rwanda, Case of Business Development Fund
DOI:
https://doi.org/10.53819/81018102t2327Abstract
This research assessed the influence of project financing on success of agricultural development projects in Rwanda, with reference of BDF’s agricultural projects. The specific research objectives are including to investigate the influence of financing plan; financing teamworking and internal and external financing on success of agricultural development projects in BDF. Low levels of financial intermediation, relatively high interest rates, wide intermediation spreads and substantial bank profitability persist. The causes include currency and macroeconomic uncertainties, high government demand for loan funds, lack of competition, relatively small bank sizes and contractual problems including weak creditor rights, compromised courts, a deficient insolvency framework and a general disrespect for contracts. The lack of policy meant that the majority of success of agricultural development projects was unplanned, but has been practiced mostly as informal sector operations beyond the government framework, therefore unable to mobilize the financial supports. The agent theory on project financing and project management theory of change were reviewed. The sample size is 150 respondents. The study used descriptive research design аnd аррlying questiоnnаire during соlleсtiоn оf dаtа. The findings of R-squared equal to 0.878 means up to 87.8% of long-run appreciation in success of agricultural development projects in BDF is influenced by changes in financing plan; financing teamworking and internal and external financing. The reliability of a test is indicated by the reliability coefficient of Cronbach's Alpha which is 80.7% and the number of items is 150, this represents the higher values indicating that the distributed questionnaires are more reliable, therefore it is indicating perfect reliability. This leads to confirm that there is significant relationship between project financing and success of agricultural development projects.
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