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Assessment of Contribution of SACCOS in Poverty Reduction in Tanzania: The Case of Dar es salaam Region

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Show simple item record Mwenda, Seif Omary 2020-08-13T05:15:26Z 2020-08-13T05:15:26Z 2019
dc.identifier.citation APA en_US
dc.description A Dissertation Submitted in Partial Fulfillment of the Requirements for Award of the Degree of Master of Science in Accounting and Finance (MSc.A&F) of Mzumbe University en_US
dc.description.abstract This study assesses the contribution of SACCOS in poverty reduction in Tanzania, where the case of Dar es Salaam region was used. The study used both primary and secondary data. The study used a survey study design to collect primary data by taking a sample of 24 respondents from four SACCOS which are; CRDB, WANAMA, TRA, and WATTS. Secondary data was obtained in the Ministry of Finance and Planning; Bank of Tanzania; and international institutions such as World Bank, UNDP and OECD. The findings from both secondary and primary sources revealed that, SACCOS operations have a significant contribution to economic development and thus help in poverty reduction strategies. The study revealed SACCOS to be a reliable source of financing to members, making it a place of refuge to majority in accessing loans at affordable terms. The study noted several benefits that members enjoy upon joining the SACCOS. Majority of SACCOS members have been able to raise their incomes by obtaining loans from their SACCOS at low interest rates and investing the borrowed money into economic generating activities which have been useful in improving the livelihood of those who access SACCOS services. Despite its contribution to poverty reduction, SACCOS face a number of challenges notably; inadequate fund to advance to members; institutional governance challenges; lack of common interests among members; and inadequate education and training programmes. The study recommends for the need to improve provision of training and education to SACCOS members in order to enhance their skills; government support on the sector and joint effort from all stakeholders including the government, media, academia, NGOs and the SACCOS themselves to raise public awareness and create an environment for smooth operations of SACCOS. en_US
dc.description.sponsorship Individual en_US
dc.language.iso en en_US
dc.publisher Mzumbe University en_US
dc.subject SACCOS, Poverty, Poverty Reduction en_US
dc.title Assessment of Contribution of SACCOS in Poverty Reduction in Tanzania: The Case of Dar es salaam Region en_US
dc.type Thesis en_US

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