Development Policy
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Item Performance evaluation of microfinance institutions on poverty reduction: A case study of Rombo district-Tanzania(Mzumbe University, 2013) William, Kimaro J.The study assessed the performance evaluation of microfinance institutions on poverty reduction of Rombo district in Kilimanjaro region. This study was guided by the following research objectives which were; to identify the lending system used by different MFIs to their members in the study area; assess the performance of MFIs, identify constraints facing microfinance institutions in the study area and recommend strategies to improve the performance, and to assess whether the customers reached by these schemes have improved their general performance in terms of economic growth, creation of employment and generation of income. Purposive sampling was used to select 60 active members as the sample who was seriously involved in SACCOS activities. Data collection for this study employed different methods which were used to collect data such as structured questionnaire, interview and focus group discussion. The findings revealed that SACCOS were performing according to the intended goals of serving poor rural community. Active poor rural community has been using these SACCOS as a source of credit to finance their business. However, SACCOS are facing some problems including lack of entrepreneurial education to its members, financial institutions to offer loans to SACCOS, inadequate qualified staff to run the institutions, low participation of members to access loans from their SACCOS due to low knowledge of using the opportunities available and low women participation. Moreover, SACCOS are facing other constraints like poor infrastructure, low capacity of SACCOS to serve its members, lack of MFIS in rural areas and inadequate entrepreneurial skills among the members and poor record and book-keeping skill. The recommendations made by this study were that other microfinance institutions be motivated to invest in the Rombo district to increase microloans disbursement to cooperative based MFIs (SACCOS) and that microfinance institutions through well-established SACCOS should train leaders and non-leader members on proper record keeping and financial management:Item Challenges of micro-finance institutions towards women empowerment in Kilimanjaro Region Tanzania: A case study of Moshi municipality(Mzumbe University, 2013) Kyara, Stella E.The study identified the challenges that micro-finance institutions face in the process of empowering women in Moshi Municipality. The specific objectives of the study are; exploring the causes for challenges of micro-finance institutions, assessing the strength and opportunities found in Moshi Municipality for women empowerment, and lastly suggesting possible solutions to alleviate challenges that face micro-finance institutions in Moshi Municipality. The study adopted a case study design. Random sampling and purposive sampling were used to a total number of 70 respondents who were customers and staffs of micro-finance, and Municipal officials who were dealing with microfinance. Data collection for this study employed different methods such as questionnaires, interviews, observation and focused group discussion. With respect to the objectives the findings revealed several challenges, causes of the challenges and pointed strength and opportunities found in Moshi municipality which are; poor repayment, politics, delay of funds, bureaucracy, corruption, unfaithful staffs, and unfaithful customers. Causes for the challenges are poor management in the organizations, economic depression, and inflation. And lastly strengths and opportunities to empower women in Moshi Municipality pointed out are; availability of financial institutions, availability of funds, the area being in town where business can possibly flow due to the availability of good infrastructures, and availability of entrepreneurship education to the customers that gives them a wide knowledge of operating business and skills to manage funds they raise. Basing on the findings it was recommended that, there should be multiple ways to help in alleviating the experienced challenges which includes, design of suggestion box, trainings should be conducted for capacity building to customers, there should be a visit to customers' business for evaluation to see if they meet standards that can help them lend more money, lastly, financial management education should be provided to SACCOS board members and there should be more cooperative officers to support organizations in training, auditing and advise to the existing SACCOS.