The role of informal microfinance institutions in saving

2.2.0: EMPIRICAL LITERATURE
2.2.1: Empirical literature from Tanzania
Development International Desjardins (2005) finds that Tanzania was the first country in
Africa to have a National Associations of credit Union. This is the savings and credit union
league of Tanganyika (SCULT) Ltd registered in 1964.
Tito (2005) finds that savings and credit cooperatives societies (SACCOs) sectors in Tanzania is
still low and their formation being strong in Urban areas and cash crops growing areas. Areas
producing food crops still experiencing low formation of savings and credit cooperatives
societies (SACCOs)
Chao-Beroff et al (2000), noted that loans granted by savings and credit cooperatives societies
(SACCOs) in Tanzania were very few with further characterized by low level of diversified
investments.
The study carried out by Agrisystems (2003) finds that the rural financial services program
(RFSP) established in 1999 in Tanzania, has targeted rural poor house holders in Tanzania
which are farm house holders non-farm house holds, community based organizations (CBO),
Rotating Savings and Credit Associations (ROSCAs) and Solidarity groups.
Regarding the impact of gender on enterprise development and capital availability, several
thread emerge such as; Kasuga (1998) found that although women own a large proportion of
businesses, these were the least.
Kashuliza and Kydd (1996) suggest that economically viable. The cultural climate in rural
Tanzania placed women at a disadvantage in the provision of financial services, one regarding
credit-accessibility. Can see an alternating asymmetry of dependence versus independence
emerging. Thus, access to a commercial development might give one access ton certain
financial services, which in turn may provide for the increased development of the enterprise
etc,
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