The role of microfinance in the empowerment of women enterpreneurs in Tanzania: the case of vision saccos Limited
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Date
2010
Authors
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Journal ISSN
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Publisher
University of Dar es Salaam
Abstract
The people and more specifically the women of Tanzania in recent years have demonstrated an enduring spirit and strong perseverance. This study examined role of microfinance in the empowerment of women entrepreneurs in Tanzania, using vision Sacco’s as a cases study. Microfinance is a useful tool that power women can use to accomplish their goals, with careful attention to a strategic gender approach, micro financial institutions have the potential to enable women to become socially, politically, and personally empowered while gaining and sustaining economic empowerment through self-sustainability. The microfinance industry is widespread in Tanzania. Ordinary citizens perceive microfinance as and important part of the country financial system, giving the poor who need and merit credit a means to access it. The microfinance industry is widespread in Tanzania. Ordinary citizens perceive microfinance as an important part of the country’s financial system, giving the poor who need and merit credit a means to access it. The research was conducted at Vision SACCOS. Forty respondents were interviewed to obtain their views. Both primary and secondary data were used as source of data. Questionnaires were distributed to the respondents, interviews were conducted, and documentary, internet and observations were used as tools to make the research successful. This study took a fresh look at the micro financial industry and its relationship to women's empowerment to propose ways in which microfinance programs can be reformed in order to have the greatest impact on women's empowerment strategies. It analyzed existing institutions and market failures that sustain the practice of restricted credit access, examined the role of women in the Tanzanian economy, recognized some of the existing arguments against microfinance as a tool for empowerment and concluded with specific recommendations on how to improve women financially as well as their status in the home, community and national economy. The study found out that Microfinance institutions have potentially powerful impact on women's empowerment. The study reveals that microfinance is not always empowering all women; most women do experience some degree of empowerment as a result of their participation in various microfinance programmes.
Description
Available in print form, EAF collection, Dr. Wilbert Chagula Library, class mark ( THS EAF HB615.T34M849 )
Keywords
Enterprenurship, Women entrepreneurs, Women in business, SACOSS LTD, Tanzania
Citation
Mukyanuzi, F.K ( 2010 ) The role of microfinance in the empowerment of women enterpreneurs in Tanzania: the case of vision saccos Limited, Masters dissertation, University of Dar es Salaam, Dar es Salaam.