Role Of Microfinance Institutions In Mobilising Savings For Economic Development Mara-Tanzania, The Case Of Serengeti District 2000-2006

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ABSTRACT

More than subsidies poor need access to credit. Absence of formal employment makes them none "bankable". This forces them to borrow from local money lenders at exorbitant interest rates. Many innovative institution mechanisms have been developed in Tanzania to enhance credit to poor even in the absence of formal mortagage.The study examined the role of microfinance institutions in

mobilizing savings for economic development, Serengeti District,Tanzania.The success and failure of various microfinance institutions in Tanzania and Serengeti in particular have been evaluated, It examined other factors that influence microfinance institutions and establish appropriate measures to overcome the problem hindering microfinance institutions in mobilizing savings.

Research questions included: To what extent do people have access to lending and borrowing? What is the rate of the loan repayment? Do microfinance institutions fight or deepen poverty levels? What are the strategies used by

microfinance institutions in mobilizing savings? What are the factors influencing financial institution ability to mobilize savings? What are the policies measures undertaken to overcome the problem of financial institutions in mobilizing

savings? Research methodology was a descriptive case Questionnaires, interviews and observation were used to collect data and both qualitative and quantitative

techniques were used. Purposive sampling and stratified sampling was used to select the sample and its size and SPSS 13.0 computer package was used to analyze data.

The findings of the study show that there was a significant relationship between microfinance institutions in mobilizing savings and economic development.

Therefore implies that independent variables play a vital role in explaining the variation in output of microfinance institutions. The study therefore recommends: government should invest immensely in microfinance institution for enabling bright performance in achieving economic

growth, provision of more workshops to both entrepreneurs and administrators persistently.

 

 

TABLE OF CONTENTS

Page

Declaration ....................................................................... i

Supervisors' Approval ........................................................ ii

Dedication ........................................................................ iii

Acknowled gem en!.. ............................................................. iv

List of Charts ..................................................................... x

List of tables and figures .................................................. xi

List of Acronyms ............................................................... xii

Key concept of the study ................................................... xiii

Abstract. ............................................................................ xiv

CHAPTER ONE

1.0:.1ntoduction ............................................................................ 1

1.1: Background of the study .......................................................... 2

1 :2:.The case of the study area. Serengeti District Council. ................... 3

1:3: Statement of the problem ........................................................ .4

1 :4: Hypothesis ........................................................................... .4

1 :5:.0bjectives ............................................................................. 5

1:6: Research questions ............................................................... 5

1.7: Scope of the study .................................................................. 5

1.8: Role of the research dissertation ................................................ 6

v

CHAPTER TWO

Literature review

2.0: Introduction ................................................................................... ?

2.1: Theoretical framework ...................................................................... 7

2.2: The existing informal financial institution ........................................... 12

2.3: Terms loans and small-scale industries .............................................. 13

2.4: Principles of good lending ................................................................ 13

2.5: Microfinance Institutions and economic development in Serengeti. ........... 14

2.6: Indicators of Financial development in Serengeti. ................................. 14

2.7: Growth expectation ........................................................................ 15

2.8: Channels of interaction between MFis' and economic growth ................. 15

2.9: Efficiency of Microfinance Institutions ................................................. 16

CHAPTER THREE

Methodology

3.0: Introduction .................................................................................. 18

3.1: Research design ........................................................................... 18

3.2: The area and population of the study .................................................. 18

3.3: Sample selection and size ............................................................... 18

3.4: Instruments ................................................................................... 20

3.5: Data collection and procedures ......................................................... 20

3.6: Data processing ............................................................................. 20

3.7: Data analysis ................................................................................ 20

3.8: Limitations .................................................................................... 20

3.9: Ethical consideration ..................................................................... 21

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APA

Research, S. (2022). Role Of Microfinance Institutions In Mobilising Savings For Economic Development Mara-Tanzania, The Case Of Serengeti District 2000-2006. Afribary. Retrieved from https://afribary.com/works/role-of-microfinance-institutions-in-mobilising-savings-for-economic-development-mara-tanzania-the-case-of-serengeti-district-2000-2006

MLA 8th

Research, SSA "Role Of Microfinance Institutions In Mobilising Savings For Economic Development Mara-Tanzania, The Case Of Serengeti District 2000-2006" Afribary. Afribary, 20 Aug. 2022, https://afribary.com/works/role-of-microfinance-institutions-in-mobilising-savings-for-economic-development-mara-tanzania-the-case-of-serengeti-district-2000-2006. Accessed 30 Nov. 2022.

MLA7

Research, SSA . "Role Of Microfinance Institutions In Mobilising Savings For Economic Development Mara-Tanzania, The Case Of Serengeti District 2000-2006". Afribary, Afribary, 20 Aug. 2022. Web. 30 Nov. 2022. < https://afribary.com/works/role-of-microfinance-institutions-in-mobilising-savings-for-economic-development-mara-tanzania-the-case-of-serengeti-district-2000-2006 >.

Chicago

Research, SSA . "Role Of Microfinance Institutions In Mobilising Savings For Economic Development Mara-Tanzania, The Case Of Serengeti District 2000-2006" Afribary (2022). Accessed November 30, 2022. https://afribary.com/works/role-of-microfinance-institutions-in-mobilising-savings-for-economic-development-mara-tanzania-the-case-of-serengeti-district-2000-2006