Faculty of Commerce and Business Studies
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Browsing Faculty of Commerce and Business Studies by Author "Mshare, Ismail"
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- An assessment of the contribution of micro financing institutions towards poverty reduction of the households: A case of KKKT Arusha Road SACCOS(St John's University of Tanzania, 2015-07-28) Mshare, IsmailThis study was undertaken to measure the contribution of micro financing in provision of credits on poverty reduction at household level. The study was conducted in Dodoma Municipality a case of KKKT Arusha Road SACCOS. The specific objective was to identify the income generating activities in the household level, to determine the achievement attained by SACCOS members and lastly to identify the challenges facing SACCOS members during and after acquiring a loan.Total number of respondents was 65 members and 5 co-operative leaders. Respondents were obtained through purposive sampling technique. Analysis of poverty reduction in household level was done by SPSS using multiple response statistics and descriptive statistics. Quantitative and qualitative data were collected through questionnaires and interviews consequently to enrich the viability of the study. Findings indicated that participation of members in SACCO’s programs has been the best. KKKT ARUSHA ROAD SACCOS helped its members in poverty reduction because it increased sources of income, like asset owning, monthly income, having food surplus, skills training, and related factors. I recommend that co-operative department should increase more training to members, improve loaning, insist members not to depend much on salary, leaders should co-operate with other co-operative societies, improve loan processing and allow members to take loan three times of their shares instead of two times.