Effectiveness of microfinance in uplifting women’s development a case study of Sumbawanga district council
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Date
2013
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Journal ISSN
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Publisher
Mzumbe Unversity
Abstract
The study aimed at looking on effectiveness of Microfinance Programmes in uplifting women’s development the case of Sumbawanga District Council. There have been many challenges that affect its performance in uplifting women’s development such as mobility of the clients, poor network among the Microfinance programmes and inconsistencies with the repayment schedules, high default, diversion of funds, and high interest rates. In the light of attaining such aim; the objectives of the study were to Access the ways in which micro finance programmes have effectively enhanced women financial sustainability in an integrated community development, Examine the extent to which credit services provided to women have effectively improved standard of living of their households, determine challenges facing MFIs in uplifting women development and suggest pertinent aspects that would make microfinance uplift women development in the study area. Data collection were done by means of interviews and questionnaires in which a total of 90 respondents comprised women households who have received credits from the developed council funds, MFIs and who have not received credits from other MFIs, employees from MFIs and council and managerial post from MFIs and council as the important respondents of this study, who were involved in the study using simple randomly sampling and purposive sampling. Research findings indicate that microfinance programmes in uplifting women development were not attained. Based on these findings, it is concluded that microfinance programmes in Sumbawanga District Council failed to improve women household livelihood. Therefore, through improved suggestions such as increased networking and collaboration among the Microfinance programmes, continuous sensitization and training of the clients, encouraging women’s group work, and Government intervention on microfinance programmes will contribute to uplift women development.
Description
Dissertation submitted in partial fulfilment of the requirement for award of the Degree of Master of Science in Accounting and Finance (MSC A&F) of Mzumbe University
Keywords
Women’s development, Microfinance Programmes-women, Financial sustainability, Microfinance institutions-challenges
Citation
APA