Business Administration

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Subject: search.filters.subject.Small business

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    The influence of financial literacy on the performance of small business processors of cereals in Morogoro Municipal Council
    (Mzumbe University, 2019) Godfrey, Justo
    Financial literacy among the small business processors of cereals is increasingly drawing attention over business performance. Small business processors of cereals are obliged by restricted or limited knowledge, skills and ability to use financial sources for required business expansion. This study assessed the influence of financial literacy on performance of small business processors of cereals in Tanzania: The case study of Morogoro Municipality. This study used a cross-sectional structure that encourages and manages the accumulation of information at a single point in time. The sample size was 93 which were randomly chosen by the entire population. The purposive testing was utilized to choose 3 WEOs out of 15 WEOs and pioneers to give some official data on the influence of financial literacy on the performance of small business processors of cereal in Morogoro Municipality. The finding shows that, small business processors of cereals do not keep business record because of low education level as majority had primary education level. The loan was mostly utilized as one of the financial services and financial advice on the other hand was utilized as non-financial services. The small business processors of cereals produce 20,001-25,000 tons of cereals annually. The processed cereals take 21-30 days in which 9,000,100 -11,000,000 Tshs of sales are generated annually. These indicate the existence of poor performance for small business processors of cereals. The relationship between financial literacy and the performance of small business of cereals processors observed on the knowledge on recording, separating business profit and preparation of financial report. In order to improve performance of small business processors of cereals there is a need to provide financial literacy in terms of skills and knowledge. Financial institutions need to support small business processors of cereals in terms of loan, business advice and training to enhance credit accessibility, business advice and training towards the performance of small business processors of cereals
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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.