The role of informal microfinance institutions in saving
The role of informal microfinance institutions in saving
The role of informal microfinance institutions in saving
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Table 18B: Value <strong>of</strong> loan from SACCOs funded Micro projects <strong>of</strong> Members<br />
(Million Tzs<br />
Sub micro sectors funded by<br />
SACCOs Loans<br />
Number <strong>of</strong> Micro projects funded by Value <strong>of</strong> funded<br />
SACCOs Loans projects.<br />
Crop Production 419 3457.4<br />
Crop Market<strong>in</strong>g 763 18,007.<br />
Animal Keep<strong>in</strong>g 575 426.5<br />
Fish and Meat Sell<strong>in</strong>g 1327 231.0<br />
Payment for Schools and<br />
medical fees<br />
Investments <strong>in</strong> F<strong>in</strong>ancial<br />
Assets <strong>of</strong> Institutions listed <strong>in</strong><br />
Dares-Salaam Stock<br />
Exchange<br />
3654 600.0<br />
183 144.4<br />
Timber and Furniture Sell<strong>in</strong>g 6284 7732.2<br />
Others 14135 53,489.0<br />
Total 27340 18,087.50<br />
Source: Selected SACCOs <strong>in</strong> 14 Regions <strong>of</strong> Tanzania<br />
From table 18B, it is revealed that more proportion <strong>of</strong> SACCOs members loan is <strong>in</strong>vested <strong>in</strong><br />
timber and furniture sell<strong>in</strong>g, payment <strong>of</strong> school and medical fees, fish and meat sell<strong>in</strong>g, while<br />
little amount is <strong>in</strong>vested <strong>in</strong> f<strong>in</strong>ancial assets <strong>of</strong> <strong><strong>in</strong>stitutions</strong> listed <strong>in</strong> Dares-Salaam Stock Exchange.<br />
<strong>The</strong>se data are for the position <strong>of</strong> March, 2009.<br />
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