Browsing by Author "Mathias, Suleiman Daniel"

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    The determinants of access to microfinance loans in Tanzania: A case of Mwanza City
    (Mzumbe University, 2014) Mathias, Suleiman Daniel
    Problem of low access to microfinance loan in Mwanza city has contributed to many people fail to complete their projects or venture new business, the study analyzed determinants that were the main reason to the failure of access to microfinance loans so as to get some insight into what exactly was the situation of this problem among borrowers. The problem may be to the clients failure to meet some criteria or to the MFI luck of enough fund or too many conditions set in order to obtain loan, the research looked this to come up with the findings. The research used descriptive research design and purposive data collection to explore those determinants. The study used a target population of 13455 borrowers from which a sample of 349 was selected systematically. Documentary technique was used to get secondary data while questionnaires and personal interview served in collecting primary data. The frequencies, percentages, means, standard deviation, and T-test were used to analyze data. The study revealed that there was poor means of information dissemination, inadequate capacity building, and customer discrimination by some of the. The MFIs best predictor of access to microfinance loans was found to be the loan application process, amount requested by clients and what was given out by MFI followed by the means of information dissemination and lastly by the capacity building to see if clients will use the money according to what they requested for. Based on the findings and the conclusions the researcher recommended that should MFIs be involved in improving means of information dissemination, developing modules and performing seminars to increase knowledge of borrowers, ceasing to be stringent and lessening loan application process. There was need for further research to involve the effectiveness and the impact of Microfinance Institutions in poverty reduction to the community.