Micro, small and medium enterprises (MSMEs) access to commercial banks finance in Tanzania: the case of Dar es Salaam based MSMEs and Commercial Banks
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Date
2006
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Publisher
University of Dar es Salaam
Abstract
The main objective of this study was to access Micro, Small and Medium Enterprises (MSMEs) accesses to financial services in Tanzania, with special focus on Commercial Banks (CB). The study was conducted for Dar es Salaam based Commercials banks and MSMEs as a sample group through use of questionnaires, Observation and interviews, 43 participants were involved. Specifically, the study sought to Firstly, “Assess the extent of Commercial banks loans are made available to MSMEs in Tanzania”. Secondary, “Establish the cost/price at which commercial banks “finance is accessible by MSMEs”. Thirdly, “Finding out the range of finance that can be accessed by MSMEs”. Fourthly, “Assess the impact of limited access to these credits on MSMEs performance” and lastly to put forward recommendations for adoption by both parties in the study. It was found that, about 70% of the banks users are aware of the availability of commercial banks loans but the problem education and awareness by MSMEs owners. This implies that, small business owners should make extra steps in learning what are the necessary requirements and the cost involved. On the other hand, the government should improve the current policies to incorporate the newly ones focusing specifically on access to Commercial Banks funds that is deregulation. Also assist on introducing more schemes and training centers for the development of the sector and economic improvement.
Description
Available in print form, East Africana Collection, Dr. Wilbert Chagula Library
Keywords
Small and Medium Enterprises, Commercial banks, Dar es Salaam, Tanzania
Citation
Daidi, N. (2006) Micro, small and medium enterprises (MSMEs) access to commercial banks finance in Tanzania: the case of Dar es Salaam based MSMEs and Commercial Banks, Master dissertation, University of Dar es Salaam. Dar es Salaam.