Assessment of the contribution of microfinance in promoting women entrepreneurial activities: a case of Kinondoni District
Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Mzumbe University
Abstract
In large part, the microfinance industry has been a catalyst for boosting sustainable development, particularly for the less developed economies, for growth in the business sector, especially for small and medium-sized enterprises. In addition, the participation of women in the business sector in the small and medium-sized enterprise sector, especially in Tanzania, has been closely linked to the microfinance sector, which has proved to be a significant step for most female entrepreneurs. This study sought to assess the contribution of microfinance in promoting women entrepreneurial activities, in a case of women entrepreneurs in Kinondoni district. Specifically, the study intended to determine the effect of the microfinance loans (credit size) in promoting women entrepreneurial activities, to examine the effect of the microfinance interest rate on promoting women entrepreneurial activities and lastly to determine the influence of knowledge enhancements (trainings) provided by microfinance in promoting women entrepreneurial activities. This study employed a cross sectional research design particularly sampling a sample of 362 respondents. The study performed a purely quantitative analysis that involved the use of statistical and econometrical methods in order to create an empirical economic association within the studied information. In the findings, the study found out that the
microfinance loans (credit size), interest rate charged and the knowledge enhanced (training), all together have a significant impact on the promotion of women
entrepreneurial activities as they contribute to the business annual turnover and an expansion in the business outlets at different significant intervals. This therefore concludes that the microfinance does not only drive or stimulate the empowerment of women but also play a catalyst role in promoting women entrepreneurial activities. Hence recommended that there should be a promotion and advancement of the microfinance services so as to promote the development of small and medium enterprises and especially women-based businesses by financing them through various microfinance institutions.
Description
A dissertation submitted to Mzumbe University ( DCC ) as a partial fulfilment of the requirements for the award of the Master of Science in Applied Economics and Business (MAEB) of Mzumbe University
Keywords
Sustainable development, Microfinance sector, Female entrepreneurs
Citation
APA