FINANCIAL INCLUSION ON FINANCIAL WELL-BEING OF STREET VENDORS OF LALITPUR NEPAL

Abstract

The research objectives are designed to assess the current status of financial literacy, accessibility, availability, affordability, and usage in relation to the financial well-being of street vendors in Lalitpur, Nepal. Additionally, the study aims to analyze the relationship between these variables and financial well-being and examine their impact on the financial well-being of the street vendors. To achieve these objectives, a descriptive and causal comparative research design is employed. The study population includes all street vendors in Lalitpur, Nepal. Using a formula for sample size determination, 385 valid responses were collected out of 400 distributed questionnaires. The primary data collection instrument is a structured questionnaire. Data analysis is conducted using SPSS version 25 and Excel, applying descriptive statistics, correlation analysis, and regression analysis. The findings indicate a high standard deviation, reflecting significant fluctuations in the data. The current status of each variable among respondents is inconsistent, suggesting these factors are not uniformly available to all street vendors. The study reveals that financial literacy, accessibility, availability, affordability, and usage are significantly related to financial well being. Furthermore, these factors also have a significant impact on financial well-being.