Dissertations (Masters)-MKT-SOB

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Browsing Dissertations (Masters)-MKT-SOB by Author "Kassela, Florence"

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    The impact of interest rates on poverty reduction: A case of CRDB Dar es Salaam
    (Mzumbe University, 2014) Kassela, Florence
    This study will be conducted in Ilala municipality, Dar es Salaam. CRDB Bank PLC (AZIKIWE) and more of microfinance department will be involved. The study intends to analyze the effect of interest rate on poverty reduction, and the findings of this study will help in one way or another to give out solutions or ways for Tanzanians to be helped out in this area. Different methods were used in obtaining the data. The researcher obtained a sample of 20 clients by using random sampling which is 50% of the targeted population. Both primary and secondary method of data was used. Data was collected through questionnaires, interviews and documentary reviews. The study is qualitative research design which used case study. Findings of the study show that all of the CRDB clients in the study were already in the business before applying for the loan. Many of them engaged before applying for loan. Many of them engaged on different types of businesses immediately after standard VII or O ‘level education. Some of them got skills of the business from by inheriting from their parents while others were due to life hardship. The study recommends that interest rate charged by CRDB is very high compared to profitability of her clients business, make change method of repayment and introduce vi another repayment period because weekly repayment seems to affect majority of her clients. According to the CRDB mission is to create a sustainable financial and information service for small and micro entrepreneurs in order to promote their business growth, enhance their income and create employment in Tanzania. It seems the policy rejects many poor people who could participate in the whole exercise of poverty reduction.