Theses (Ph.D)
Permanent URI for this collection
Welcome to the Department of Accounting and Finance collection, dedicated to archiving and showcasing Ph.D. theses authored by esteemed members of our academic community, including both faculty and students in the School of Business (SoB). Here, you will find a wealth of scholarly works representing the culmination of rigorous research, innovative thinking, and academic excellence in the fields of accounting and finance. These theses reflect the depth of expertise and intellectual contributions of our scholars, shaping the discourse and advancing knowledge in our field. We invite you to explore this repository and engage with the cutting-edge research emerging from the vibrant academic community at Mzumbe University.
Browse
Browsing Theses (Ph.D) by Subject "Microfinance institutions"
Now showing 1 - 2 of 2
Results Per Page
Sort Options
Item Financial sustainability of rural microfinance institutions (MFIs) in Tanzania(University of Greenwich (London), 2010) Nyamsogoro, G. DanielAbstract An enduring problem facing microfinance institutions is how to attain financial sustainability. Several studies have been conducted to determine the factors affecting financial sustainability of microfinance institutions using large and well developed MFIs in various countries. However, no such study has been conducted in rural Tanzania where majority of MFIs are small, most of which are member-based (cooperatives). Consequently, the factors affecting their financial sustainability are not known. This study, therefore, was set to bridge this knowledge gap. This study followed a quantitative research approach using panel data regression as the main data analysis technique. The study was based on four years primary and secondary data obtained from 98 sampled rural MFIs in Tanzania. We found that microfinance capital structure, interest rates charged, differences in lending type, cost per borrower, product type, MFI size, number of borrowers, yield on gross loan portfolio, level of portfolio at risk, liquidity level, staff productivity, and the operating efficiency affect the financial sustainability of rural microfinance institutions in Tanzania. The study makes the following key contributions to knowledge in addition to determining factors affecting financial sustainability of rural microfinance institutions in Tanzania: First, the study reveals that there exists simultaneous causality relationship between financial sustainability and breadth of outreach. When this relationship is not considered in determining factors affecting financial sustainability there may be inconsistent evidence on the existence of mission drift. Second, it unveils the trade-off between financial sustainability and breadth of outreach with regards to the minimum loan size when group lending is used. That is, larger loan size, while improves profitability, reduces the breadth of outreach. Third, the study provides empirical evidence that the impact of a particular lending type on microfinance institution‟s profitability will depend on the term to maturity and number of instalments reflected in its lending terms. Fourth, consistent with the institutionists‟ view, the study provides empirical evidence that financial sustainability of microfinance institutions improves their breadth of outreach. Lastly, the study documents the applicability and limitations of previous studies to rural microfinance institutions in Tanzania.Item Impact of access to microfinance services on farm households’ income in Iringa region, Tanzania(Sokoine University of Agriculture, 2015) Mapesa, Haruni JeremiaMost development proponents believe that microfinance can change the livelihood of poor households. Microfinance are said to smoothen consumption and alleviate capital constraints of poor people. However, despite these possible roles of microfinance, empirical evidence on its impact on poor households remains divisive. This thesis is about the impact of microfinance services on selected rural farm household crop income and asset accumulations. It provides empirical information in a Tanzanian context on the nature and extent of the impact of access to microfinance services on farm income, farm investments, financial savings, and physical asset accumulation on rural farm households. The study also explored the factors affecting farm household decisions to participate in microfinance institutions and the nature, extent and determinants of demand for credit of farm households. The study involved a survey of rural farm households in Mufindi, Njombe, and Kilolo districts in Iringa region of Tanzania. A sample size of 419 households was involved of which 200 were microfinance members and 219 were non-members. Results show that participation decisions are affected by instability of crop income, level of education, availability of non-farm income, age, and assets endowment. Demand for credit is affected by loan duration, location, and type of microfinance program, education, and dependents ratio. Regarding the impact of MFIs services on households, the study has found mixed results. MFIs services have positive but insignificant impact on crop income levels and farm variable inputs. Results show positive and significant impact on savings and asset accumulation. In order for MFIs services to have impacts on farm households‟ crop income, three policy responses are proposed: One, formation of specialized agricultural microfinance banks to deal with unique credit needs of farm households. Two, investment in social, agricultural, and transportation infrastructure in rural areas to enhance agriculture production and transportation. Three, reforms on marketing of agricultural products policies to alleviate volatility of prices. Future researches can use panel data, randomized controlled trials (RCTs) and involve more farm households in more regions of Tanzania.