Assessment of quasi-formal credit for poverty reduction: a case of women and youth development fund Nachingwea district, Lindi – Tanzania.
Loading...
Date
2007
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Sokoine University of Agriculture.
Abstract
A study on assessment of quasi-formal credit on poverty reduction was carried out in
Nachingwea district focusing on Women and Youths Development Fund (WYDF) as a
case study. The study was prompted by inefficient of income generating activities towards
poverty reduction a part from good environment for micro-credit services. The general
objective of the study was to assess the contribution of quasi-formal credit on poverty
reduction in the study area; specifically the study first, sought to investigate the operational
procedures and performance of WYDF. Secondly, the study examined the target
beneficiaries under WYDF. Thirdly, the study intended to identify factors that influence
credit accessibility by borrowers from WYDF and fourthly, the study examined the
contributions of credit on income and the livelihood of borrowers from WYDF. A cross-
sectional research design was adopted. A structured questionnaire was used to collect
primary data from a sample of 102 respondents obtained through multi stage sampling
technique. SPSS 11.5. was used to analyze the data. Study findings show that there was
inadequate facility in meeting credit needs of women and youths in Nachingwea District.
WYDF programme has limited scope and experienced serious operational inefficiencies.
Lending procedures, conditions and target beneficiaries differ significantly. Findings also
revealed that there is positive impact of credit to household income and livelihood. T-test
indicates that there is significant difference between credit users and non-users in relation
to income levels and value of household assets. The study recommended first that critical
screening of target beneficiaries should be done. Second, Ministries responsible for the
fund should make WYDF operate with minimal dependence on the district council. Third,
credit policy should link the WYDF programme to formal financial institutions.
Description
Master's Dissertation
Keywords
Quasi-formal, Credit, Poverty reduction, Women and youth, Nachingwea district