Business Administration

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Browsing Business Administration by Author "Banda, Victor M."

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    The impact of credit institutions on the development of small and medium enterprises Tanga city: The case of NMB bank (MADARAKA branch.)
    (Mzumbe university, 2014) Banda, Victor M.
    Development of a vibrant economy depends on how entrepreneurial the people are, and though some believe that entrepreneurs are born but the fact is that entrepreneurs are made. A strategic thinking is how to consistently develop the capacity of making entrepreneurs. Business development is about seeing opportunities and developing the best ways of tapping those opportunities to ones advantage. Tanzania is blessed to have quite a number of natural resources that are worthless until when they are exploited and transformed into other consumable products to be marketable. The Government supports initiatives to develop capacities to effect the transformation. The aim of this study was to determine the impact of credit institutions on the development of small and medium enterprises in Tanga city. To accommodate the sampling procedure, this study used stratified probability sampling techniques. The reasons for this selection is that with probability sampling each population element has equal chance of occurrence(Kothari,1990) The sample of this study was only Tanga city where all data concerned to this were gathered. The sample size constituted 35 respondents. The government has to put in place good operational environment for SME development and growth. It fully supports strategies, programmers and projects aimed at contributing to the development of SMEs. It is my sincere belief that active participation of all stakeholders in this noble development course will increase the pace of business creation, chances of survival and success, create jobs, increase income and contribute to the improvement of general people’s well being. And emphasizing to all small and medium entrepreneurs to go school which will help them in their business management increasing sales.