Theses and Dissertations Collection

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Browsing Theses and Dissertations Collection by Subject "Mbeya"

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    The challenges facing the user-owned microfinance institutions: a case study of jiendeleze saccos in Mbeya rural district.
    (SOKOINE UNIVERSITY OF AGRICULTURE, 2007) Abubakary, H.
    The importance of accessibility of credit to all social classes has necessitated the formation of microfinance policy so as to guide the development of the sector. With the formation of microfinance policy there is a number of public and private MFIs including some banks that provide micro finance services. However, with the current micro finance institution in Tanzania there is no sufficient documentation of the , strengths and weaknesses of user owned microfinance institutions. This study thus, aimed at evaluating the challenges faced by user owned MFI’s in Mbeya district. Primary data were collected using questionnaires administered to randomly selected samples of 30 members of user owned MFI. MFI management team and staffs were also interviewed as key informants to supplement information of the respondents. Secondary data were collected from various sources including library, IFAD, District council offices, and SACCO’s data. Descriptive statistics (percentages and frequencies) were employed using SPSS computer software to describe the challenges faced by MFIs. User owned MFIs found to have both internal and external barriers limiting their performances. Internal barriers were found to be those related to poor education background whereas external barriers involve institutional weaknesses. Many MFI members (73%) reported to lack adequate basic financial skills, whereas 67% are not conversant with business planning and operation. Hence this study recommended that proper measures such as period, provision of entrepreneurship skills and business training for MFI members and changing of laws and regulations which seem to be barriers to the development of user owned microfinance institutions.
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    The challenges facing the user-owned microfinance institutions: a case study of jiendeleze saccos in Mbeya rural district.
    (SOKOINE UNIVERSITY OF AGRICULTURE, 2007) Abubakary ,H
    The importance of accessibility of credit to all social classes has necessitated the formation of microfinance policy so as to guide the development of the sector. With the formation of microfinance policy there is a number of public and private MFIs including some banks that provide micro finance services. However, with the current micro finance institution in Tanzania there is no sufficient documentation of the , strengths and weaknesses of user owned microfinance institutions. This study thus, aimed at evaluating the challenges faced by user owned MFI’s in Mbeya district. Primary data were collected using questionnaires administered to randomly selected samples of 30 members of user owned MFI. MFI management team and staffs were also interviewed as key informants to supplement information of the respondents. Secondary data were collected from various sources including library, IFAD, District council offices, and SACCO’s data. Descriptive statistics (percentages and frequencies) were employed using SPSS computer software to describe the challenges faced by MFIs. User owned MFIs found to have both internal and external barriers limiting their performances. Internal barriers were found to be those related to poor education background whereas external barriers involve institutional weaknesses. Many MFI members (73%) reported to lack adequate basic financial skills, whereas 67% are not conversant with business planning and operation. Hence this study recommended that proper measures such as period, provision of entrepreneurship skills and business training for MFI members and changing of laws and regulations which seem to be barriers to the development of user owned microfinance institutions.