The role of informal microfinance institutions in saving

Table 1: Performance of SACCOs in Tanzania: 1960-1989.
Cumulative
Number of Number of
Year Value of
SACCOs Members
Shares TZS
Cumulative
Savings and
Deposits .TZS
Average Interest rate
Cumulative
(%)Charged on Loan
Loan Issued
Advanced to Members
TZS
and Non Members
1960 53 5,897 60,235 985,644 145,263 1
1961 56 6,859 76,144 1,128,963 175,842 1
1962 63 6,975 98,669 1,328,674 269,435 1
1963 79 7,086 145,889 1,568,942 425,812 1
1964 115 7,118 186,534 1,987,568 752,661 1
1965 116 7,226 246,879 2,199,856 978,662 1
1966 122 7,318 289,321 3,312,457 17,953,380 1
1967 126 7,185 689,457 3,568,924 24,589,634 3
1968 268 8,004 5,638,942 7,569,852 38,469,527 3
1969 325 8,645 7,256,382 8,965,238 40,258,347 5
1970 325 8,789 11,056,828 21,228,965 46,273,110 4
1971 334 5,594 15,889,624 23,553,624 58,324,710 3
1972 386 6,697 18,446,756 27,561,428 76,398,543 7
1973 406 7,655 21,563,920 33,856,985 88,693,547 6
1974 0 0 0 0 0 0
1975 0 0 0 0 0 0
1976 0 0 0 0 0 0
1977 0 0 0 0 0 0
1978 0 0 0 0 0 0
1979 0 0 0 0 0 0
1980 0 0 0 0 0 0
1981 0 0 0 0 0 0
1982 0 0 0 0 0 0
1983 0 0 0 0 0 0
1984 0 0 0 0 0 0
1985 0 0 0 0 0 0
1986 0 0 0 0 0 0
1987 0 0 0 0 0 0
1988 0 0 0 0 0 0
28