The role of community banks in small businesses formation and development: The Case of Mufindi District –Iringa

dc.contributor.authorMpogole, Hosea
dc.date.accessioned2019-12-03T07:18:55Z
dc.date.accessioned2020-01-08T09:53:50Z
dc.date.available2019-12-03T07:18:55Z
dc.date.available2020-01-08T09:53:50Z
dc.date.issued2006
dc.descriptionAvailable in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HG2039.T34M57)en_US
dc.description.abstractAvailability of financial resources has been said to be on an important factor on small businesses formation and development. Many potential entrepreneurs who are willing and capable of starting a business are not in a position to do so because of insufficient capital to start and expand a business. Insufficient capital to small businesses is due to the reluctance of commercial banks and other microfinance institution (MFIs) to lend to the sector largely because of the associated risks and transaction costs. This hinders both small businesses formation and development. Community Based Banks (CBBs) with rural presence were expected to fill the financing gap left by commercial banks and other MFIs, which were not well developed in Mufindi. The study aims at assessing the role of Mufindi Commercial Bank (MuCoBa) in small businesses formation and development in Mufindi district. Data was collected using structured questionnaires, which were distributed to it sample of 100 small business owners. A rank of some factors for starting a business showed credit/capital availability as still a number one problem in Mufindi, and it was concluded that credit/capital availability is a necessary condition though not sufficient for starting a business. This implies that encouraging businesses to form may not necessarily mean that one has to provide start-up capital. Apart from credit, businesses training and education to let people know their potentials and resources they possess could be equally important. This is one of the tasks MuCoBa has been doing to promote small businesses formation and development. It is recommended that the government should enhance the capacity to institutions providing training to small businesses. As for further research a comparative study between businesses receiving loans against ones not receiving loans, and the assessment of the effectiveness of group lending model and group sizes are recommended.en_US
dc.identifier.citationMpogole, H. (2006) The role of community banks in small businesses formation and development: The Case of Mufindi District –Iringa, Master dissertation, University of Dar es Salaam. Dar es Salaam.en_US
dc.identifier.urihttp://localhost:8080/xmlui/handle/123456789/5674
dc.language.isoenen_US
dc.publisherUniversity of Dar es Salaamen_US
dc.subjectBanks and bankingen_US
dc.subjectSmall businessen_US
dc.subjectEconomic developmenten_US
dc.subjectMufindi (District)en_US
dc.subjectIringa Regionen_US
dc.titleThe role of community banks in small businesses formation and development: The Case of Mufindi District –Iringaen_US
dc.typeThesisen_US
Files