Browsing by Author "Kimia, Mwajuma R"

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    Accessibility to bank loans by manufacturing enterprises :the case of foundry enterprises in Dar es Salaam
    (University of Dar es Salaam, 2007) Kimia, Mwajuma R
    This study examined the extent to which foundry enterprises access bank loans for their growth. To fulfill the study objectives, data was collected from 15 foundry enterprises in Dar es Salaam. The questionnaires were distributed to enterprises top managers, bank loans officials and other foundry workers. Data was quantitatively, analyzed, histogram: frequency distribution tables and regression analysis were used to present the findings. The study findings show that, foundry enterprises have little access to bank loans as compared to other manufactures. Through the model bank loans access by foundry enterprises is much affected by collateral security, interest rate, lack of assistance to loan procedures, and negative perceptions that bank officials have on foundry business. It was revealed that the physical assets present in foundry workshops such as furnaces, couplers and other asset in the workshop do not convince the bank managers to grant loans. The study also shows that there are other factors which affect bank loans access like education level, transaction cost, lack of financial records, lack of assistance to loan procedures, and the size of loan provided by MFis, which does not carter for the foundry needs and expansion leading to production below capacity. In order for Tanzania to embark on heavy industrialization in the near future, it should heavily develop or assist foundry enterprises beyond the present scope.