Determinants of small scale entrepreneurs’ demand for microloans from microfinance institutions: a case study of Moshi municipality

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dc.contributor.authorKhanick, Yoeni Silas
dc.date.accessioned2019-11-29T15:36:47Z
dc.date.accessioned2020-01-07T15:56:35Z
dc.date.available2019-11-29T15:36:47Z
dc.date.available2020-01-07T15:56:35Z
dc.date.issued2014
dc.descriptionAvailable in print form, East Africana Collection, Dr. Wilbert Chagula Library, Class mark (THS EAF HG187.5T34K4752)en_US
dc.description.abstractThe purpose of the study was to examine the determinants of small-scale entrepreneurs’ demand for microloans from MFIs in Moshi Municipality, identify the types of MFIs and assess their efficiency in services provision in Moshi Municipality. Primary data were collected by using questionnaires distributed to 200 respondents selected randomly from eight microfinance institutions in Moshi Municipality. The study used descriptive statistic and quantitative analysis to analyze the data from the field with help of SPSS and STATA software programmes. The study revealed that majority of borrowers from MFIs were female (61 percent) and the main activity conducted was business (64 percent). The average age and monthly income of borrowers were 40 years and Tshs. 355,462 respectively. Again, most of them lived in urban areas. The level of education attained by most of respondents was the primary level. MFIs operating in Moshi Municipality include formal institutions, semiformal institutions and informal financial providers. The study found out that MFIs have not attained their maximum efficiency in service provision as there are challenges which need to be addressed. Among the challenges include high interest rate and short repayment schedules. OLS regression results show that gender, age of respondents and time lag in the lending process were significant at 10 percent. Income and transaction costs were significant at 1 percent and education was significant at 5 percent level. However, marital status and economic activities were statistically insignificant to determine the demand for microloans from MFIs by small scale entrepreneurs. The study recommends that MFIs should reduce interest rates, adjust loan repayment schedules and provide awareness trainings to borrowers to equip them with useful knowledge on the use of loans. Moreover, it is recommended that MFIs should expand their branches to serve more people in both rural and urban areas.en_US
dc.identifier.citationKhanick, Y. S (2014) Determinants of small scale entrepreneurs’ demand for microloans from microfinance institutions: a case study of Moshi municipality, Master dissertation, University of Dar es Salaam. Dar es Salaam.en_US
dc.identifier.urihttp://localhost:8080/xmlui/handle/123456789/2858
dc.language.isoenen_US
dc.publisherUniversity of Dar es Salaamen_US
dc.subjectMicrofinanceen_US
dc.subjectSmall businessen_US
dc.subjectMoshi municipalityen_US
dc.titleDeterminants of small scale entrepreneurs’ demand for microloans from microfinance institutions: a case study of Moshi municipalityen_US
dc.typeThesisen_US

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