Business Administration

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Subject: search.filters.subject.Business growth

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    Contribution of micro-finance institutions to the growth of small and medium enterprises in municipalities: A case of Bukoba municipal council
    (Mzumbe University, 2013) Kige, Marco
    Small and medium sized enterprises in both developing and developed countries play important roles in the process of industrialization and economic growth. A crucial element in the development of the SME sector is access to finance, particularly to bank financing. Microfinance Institutions emerged to serve the financial needs of un-served or underserved group of people in the community such as SMEs.Though there are many studies which have tried to link MFIs and SMEs,yet there are no enough studies showing MFIs‟ role to support SMEs and extend it to living standard of those who run the SMEs The objective of the study was to evaluate the contribution of Micro-finance Institutions to the growth of small and medium enterprises in Bukoba Municipality. Specifically the study aimed at examining the extent to which SMEs develop measures for the growth in Bukoba Municipality, finding out the extent to which Microfinance Institutions improve business growth and living standard of SMEs owners, analysing on how utilization of the financial services provided by Microfinance Institutions support the improvement of household‟s income. The study evaluated the contribution of Micro-finance Institutions to the growth of small and medium enterprises. The findings have covered respondents profile such as age, education level and experience of small business owners and operators. The findings showed that many of these SMEs at Bukoba developed important measures for growth such as business registration, possession of substantial experience in business. However, the study revealed that these SMEs have big weaknesses in other measures such as the size of loans taken being small, lack of entrepreneurship skills, and the fact that many SMEs do not attend SMEs‟ forums. The findings revealed that there is lack of technical support to SMEs from MFIs, and at the same time SMEs are viewed as organisations which have low credibility by MFIs. The study revealed that it is not easy for SMEs to obtain loans from MFIs, some of the obstacles being high interest rate and collateral security. The current study has further identified the contribution of MFIs to the growth of SMEs in Bukoba municipality is not as expected, the support is a little bit impressive and still a lot have to be done to address problems and constraints such as lack of technical support from MFIs and limited access to loans. The study ended up with important recommendations to various stakeholders.
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    The contribution of mobile banking on business growth, perceptions of sme customers of NMB Bank: A case of Kenyatta road branch, Mwanza Tanzania
    (Mzumbe University, 2015) Lugangira, David
    This study identified the customers’ perceptions on the contribution of mobile banking on business growth. The study used different research objectives as to find out SMEs perceptions on facilitation conditions of NMB Mobile banking services, to find out SMEs perceptions on challenges facing NMB Mobile banking and to analyze SMEs perceptions on the contribution of NMB Mobile banking on business growth. In this study, a researcher collected data from 125 SMEs and 50 NMB Employees from department of commercial, Customer Services. IT and back office; making total sample size equals to 175 respondents, using questionnaires and document analysis techniques. The data was analyzed using percentages and frequency distribution and content analysis. The study findings conclude that, Mobile Banking is an important component of financial development, including opportunities for banking to population in rural areas. Indeed, evidence from this study has shown that more than half population perceived NMB Mobile banking to have improved business growth, increased sales, increased profitability, increased customer base, lower transaction costs and lower income inequality. In addition to facilitating business growth, Mobile banking helped individuals smooth their income, transfer funds, and broaden investment opportunities. Testimonies have been evidenced in promoting individuals fund transfer, reduced long queue in banking hall, saved individual time and money, facilitated trade and commerce and improved individual accessibility to different banking product and services. Despite this positive contribution, Contribution of NMB Mobile banking on business growth is hindered by low population that own mobile phones, inadequate awareness on facilitating conditions of NMB mobile banking, high transaction costs of mobile banking, inadequate education on how to use NMB Mobile banking.
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    Assessment of the impact of individual loan Provided by commercial banks to entrepreneurs: A case study of selected commercial banks in Tabora town
    (Mzumbe University, 2016) William, Alex
    Shortage of access to finance has been identified as one of the major constraints of small business growth. One of the alternative way to solve this problem of capital, are loans access from financial institutions. This work was intended to find out the impact of the individual loan to entrepreneurs in Tabora town. The specific objectives were to find out how loans provided by commercial banks were used by the entrepreneurs, to examine the business performance after loan utilization, to assess the outcome of the loan amount provided to entrepreneurs. The research employed case study design. The study used 91 respondents who are loan beneficiaries from commercial banks. It employed probability sampling, primary data were collected using questionnaires and observations, and documentary review for secondary data. Data were analyzed by using SPSS. The result findings revealed that most of the respondents who obtained loans from commercial banks in Tabora town agreed loan had brought positive changes in their business performance, expanded and improved their entrepreneurial activities, and nongenerating income activities, profit increased, employments were created, household poverty level decreased, economic position was raised and others. The study concluded that the role of commercial banks toward entrepreneur’s success is absolutely important because there are positive effects on performance of their business in terms of sales revenues, physical assets, and financial assets among others. It was recommended that, commercial banks should provide fair loan amounts by looking monthly sales and other entrepreneur's incomes, commercial bank should provide management training to entrepreneurs before providing loans, entrepreneurs should seek business knowledge from training institution and others, and loan should beutilized for business purpose and not for other uses.