Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality
A dissertation submitted in partial fulfilment of the requirements for the award of Master Degree in Science (Accounting &Finance) of Mzumbe University
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| Формат: | Диссертация |
| Язык: | английский |
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Mzumbe University
2024
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| Online-ссылка: | https://scholar.mzumbe.ac.tz/handle/123456789/1210 |
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| _version_ | 1835205595272052736 |
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| author | Mrisho, Mwisimba,S. |
| author_facet | Mrisho, Mwisimba,S. |
| author_sort | Mrisho, Mwisimba,S. |
| collection | DSpace |
| description | A dissertation submitted in partial fulfilment of the requirements for the award of Master Degree in Science (Accounting &Finance) of Mzumbe University |
| format | Thesis |
| id | oai:null:123456789-1210 |
| institution | Mzumbe University |
| language | English |
| publishDate | 2024 |
| publisher | Mzumbe University |
| record_format | dspace |
| spelling | oai:null:123456789-12102024-09-09T07:51:18Z Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality Mrisho, Mwisimba,S. Microfinance institutions SACCOS Microfinance sector - Tanzania A dissertation submitted in partial fulfilment of the requirements for the award of Master Degree in Science (Accounting &Finance) of Mzumbe University This study assesses the factors affecting the growth of micro finance institutions; with a critical reflection on SACCOS in Morogoro Municipality. The study used a sample of 121 respondents extracted from the total population of 206 people including the managers, SACCOS‟s staff and borrowers. The study used descriptive survey research design as well as using both Primary and Secondary data and quantitative and qualitative approaches in its analysis. The primary data were collected using interview and questionnaire while the secondary data were collected using documentary analysis. The study assesses the effects of managerial skills and training, loan repayment trends and business competition on the growth of the SACCOS. The study finds that there was a general increase in the number of SACCOS in Morogoro Municipality. However, the number of active SACCOS has shown to decrease in the past two years. The reasons include; increase in bad debts, poor loan repayment rate and decrease in SACCOS capital. Also, the study found that there is a significant relationship between managers' skills and training and SACCOS performance hence their growth. The managers in the SACCOS make a lot of business and operational decisions, thus the skills and training are vital in arriving at sound decisions if the SACCOS are to prosper. Consequently, the study found that there are poor loan repayment rates in each SACCOS; this was evidenced by the loan default rate given. This has caused the liquidity of SACCOS to be poor hence affect the investment and other business operations. Finally, the presence of other financial services providers has put a standing challenge to the SACCOS hence affect the rate at which they grow. The study found that the majority of borrowers seek financial services from other providers. This may cause the SACCOS borrowers unable to pay their loans promptly as a result of multiple borrowing. Basing on conclusion, it is recommended that, for the SACCOS to perform better and hence grow there is a need to adhere to address the issue of management knowhow, apply viable loan recovery strategies as well as improving their services to encounter the business competition. Also, there is a need to apply proper risks analysis techniques and mitigation techniques to the credits to escape from loan defaults trap. Private 2024-09-09T07:51:15Z 2024-09-09T07:51:15Z 2015 Thesis APA https://scholar.mzumbe.ac.tz/handle/123456789/1210 en application/pdf Mzumbe University |
| spellingShingle | Microfinance institutions SACCOS Microfinance sector - Tanzania Mrisho, Mwisimba,S. Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality |
| title | Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality |
| title_full | Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality |
| title_fullStr | Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality |
| title_full_unstemmed | Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality |
| title_short | Factors affecting the growth of microfinance institutions in Tanzania: A critical reflection on SACCOS in Morogoro Municipality |
| title_sort | factors affecting the growth of microfinance institutions in tanzania a critical reflection on saccos in morogoro municipality |
| topic | Microfinance institutions SACCOS Microfinance sector - Tanzania |
| url | https://scholar.mzumbe.ac.tz/handle/123456789/1210 |
| work_keys_str_mv | AT mrishomwisimbas factorsaffectingthegrowthofmicrofinanceinstitutionsintanzaniaacriticalreflectiononsaccosinmorogoromunicipality |