From Financial Education to Savings - Foundation for the Sustainable Development of Small Traders in the Nyawera Market in the City of Bukavu, DRC

René Muselemu Baruani; Désiré Nzibonera Bayongwa

doi:10.2478/vjes-2025-0019

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From Financial Education to Savings - Foundation for the Sustainable Development of Small Traders in the Nyawera Market in the City of Bukavu, DRC

Valahian Journal of Economic Studies

Volume 16 (2025): Issue 2 (December 2025)

By: René Muselemu Baruani and Désiré Nzibonera Bayongwa

Open Access

|May 2026

Abstract

The aim of this research is to analyze the influence of the determinants of financial education related to savings on the business performance of small traders at Nyawera Market in Bukavu, the capital of South Kivu Province in the DRC. It revealed that factors such as cognitive ability, information processing, and financial literacy improve financial education, which, in turn, has a positive effect on business performance, thus establishing a strong indirect link between these determinants and the success of small traders. Consequently, according to our qualitative survey of 50 traders, strengthening financial education is essential for local and sustainable development, as it encourages prosperity and the adoption of environmentally friendly practices. This creates a balance between the economic and environmental pillars of sustainable development.

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Articles in this issue

DOI: https://doi.org/10.2478/vjes-2025-0019 | Journal eISSN: 2344-4924 | Journal ISSN: 2067-9440

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Language: English

Page range: 97 - 114

Published on: May 27, 2026

Published by: Valahia University of Targoviste

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

financial education,

savings,

sustainable development,

small traders,

Nyawera market

Related subjects:

Business and economics,

Political economics,

Economic theory, systems and structures,

Business management,

Financial reporting, group accounting, accounting and balancing,

Management, organization, corporate governance,

Business informatics,

Information and communications systems

© 2026 René Muselemu Baruani, Désiré Nzibonera Bayongwa, published by Valahia University of Targoviste
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 16 (2025): Issue 2 (December 2025)