Evaluating the capacity of SACCOS in providing long term financial services to poor households: the case of MUWAKAPA and WADOKI in Mwanza region

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Date
2008
Journal Title
Journal ISSN
Volume Title
Publisher
University of Dar es Salaam
Abstract
After independence in 1961, Tanzania declared to fight poverty, disease and ignorance in order to bring development to its people. But up to now the majority of Tanzanians are faced with poverty. Experience shows that economic empowerment of poor people is needed. One way of economic empowerment to poor is the establishment of SACCOS, which are user-owned micro finance institutions that offer variety of financial products including savings and credit services to their members to help them engage in productive activities. The study was investigating factors influencing capacity of SACCOS in providing long-term financial services to its members. The study was carried out in MUWAKAPA and WADOKI SACCOS in Mwanza region. It was a survey study where primary and secondary data were collected through interviews, observation, document analysis and questionnaires, then analyzed by using descriptive statistics whereas results were presented in Tables. The trend in issuance of loans to members reveal that, from 2005 to 2008 MUWAKAPA managed to allocate micro credits to 47 Members, out of 519 while WADOKI managed to allocate micro credits to 545 members from 2005 to 2008 out of 2174. This means that the capacity of these SACCOS is still low. Generally these SACCOS should encourage savings mobilization from members so as to build a financial base for credit provision which can help them to increase the capacity.
Description
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HG2039.T34053)
Keywords
Credit Unions, Cooperative Societies, Financial services industry, Poverty, Poor, Housing, Tanzania, Economic conditions, Mwanza region
Citation
Onesmo, M. (2008) Evaluating the capacity of SACCOS in providing long term financial services to poor households: the case of MUWAKAPA and WADOKI in Mwanza region, Master dissertation, University of Dar es Salaam. Dar es Salaam.