911 Arrangements for Accessing Transferred Funds The arrangements for

911 arrangements for accessing transferred funds the

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of the efficiency issues highlighted in the process evaluation are still relevant at this point in time. 9.1.1 Arrangements for Accessing Transferred Funds The arrangements for transferring funds to the BOOST beneficiaries is an important component of the evaluation of efficiency as this facilitates addressing both the perceived value of the approach and the quality of service rendered by the outlets used by the beneficiaries. Two basic approaches are used; (1) Credit Unions (CUs) and (2) the ministry itself with the vast majority of beneficiaries; approximately 97.10% (Table 11), making use of CUs. Some joined such organisations prior to applying to the programme (approximately 22.82%) whereas others joined simultaneously with becoming beneficiaries (approximately 40.78%) for the purpose of obtaining the cash transfers, and yet others joined subsequent to signing up for the programme (approximately 36.41%) (Table 12). The programme recommended and subsequently insisted that beneficiaries access the funds through the credit unions thereby directly influencing the decision to join of those who did subsequent to becoming BOOST beneficiaries. This resulted in addition of many individuals (and households) to the formal financial sector through an avenue where other benefits could accrue or become available to individuals and households. This is in and of itself an important achievement. Table 11 Where Benefits are Received? Where are Benefits received Frequency Percent Credit Union 202 97.10 Ministry 6 2.90 Total 208 100 Table 12 When Beneficiaries Joined Credit Union Joined Credit Union Frequency Percent Before Joining Boost 47 22.82 When Joining BOOST 84 40.78 After Joining BOOST 75 36.41 Total 206 100.00 Table 13 Payment of First Share at Credit Union Did the Government Pay? Frequency Percent Government Paid 107 53.39 Government Did not Pay 94 46.61 Total 201 100.00 Upon joining their respective CUs, it was necessary to pay for the first share which is a minimum balance necessary to maintain membership. The government of Belize paid this first share for approximately 53.39% of the beneficiaries who joined the credit unions either during or after signing-up for BOOST. Nevertheless, approximately 46.61% of the first shares for new accounts were financed by the beneficiaries themselves (Table 13). Given their poverty-stricken circumstances based on which they were selected for the programme, this burden might have been heavy for those who did not receive the help in this regard. A question that arises is about whether the decision
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20 to pay the first share was influenced by some important variables or alternatively whether the outcome reflects any biases. In this regard, the district in which the beneficiaries live and the area type (rural or urban) are considered and investigated with a logistic regression model. The model shows significance (Chi-square = 13.19, df = 6 , p = 0.04) and is followed-up with a sequence of models to enable direct (pairwise) comparisons of each of the districts with the effect of area type controlled.
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  • Spring '17
  • Fatai

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