The role of informal microfinance institutions in saving

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• Advanced management information system that facilitate effective planning, control and timely monitoring of loan repayments. Management autonomy and incentives structures A variety of mechanisms have enhanced the efficiency of these institutions, some of the important are: • High degree of management autonomy in formulating operational policies. • Policies that provide for staff accountability, investment in human capital, and rewards (monetary incentives and promotions) that are related to sound financial performance and sustainability. Staff incentives are linked to the performance of the loan portfolio, so clients ate monitored more closely than is usual. • Appropriate financial ratios for measuring a financial institution’s performance should be designed and put in place. For instance, return on equity and return on assets has become more common in recent years. In addition, the use of the subsidy dependence index is recommended to evaluate those providers who depend on their access to subsidies. Table 8: The Summary of the Activities and Programs of Various Donors. Local Counterpart Local NGOs and Community Based Organizations (CBOs) SIDO, Poverty Africa, SCCULT, CREW, PTF Program Amount $ 10.8 million $ 20 million, among 10 countries Region Program Description Coast Region, mtwara, Lindi, Morogoro, Singida Counterpart MFIs have differing coverage of the entire country Small Entrepreneurs Loan Facility (SELF) Capacity building for MFIs, Policy dialogue with Government agencies, Coordination with other donors 68
Local Counterpart Local MF NGOs working with Mennonite Economic development Association Local MF NGOs working with Mennonite Economic development Association Huduma ya Maendeleo (HYM) Program Amount $ 0.8 million Nationwide $.05 million $2.8 million To be identified $0.35 million Government of Tanzania - Ministry of Agriculture SACCOs Needs Assessment for BOT Donors Microfinance Update Survey for use by BOT CRDB Region Program Description Kagera, Dodoma Region Dares-Salaam, Mbeya (Urban areas) Dodoma, Iringa, Mwanza, Dar es Salaam, Shinyanga, Morogoro $50,000 Tabora (Nzega) $70,000 $ 15 million total for BSSP Dodoma, Iringa, Mbeya, Morogoro High Court of Tanzania $15 million Nationwide Microfinance Capacity Building Programme in Africa (AFCAP) $.6.6 million total for multi - country program National income Generation Programme Umbrella Credit Project - capacity building, training, technology transfer, financing Belgian Micro Intervention Programme: group-based micro credits to support house - hold - based income generating, financing Mennonite Economic Development Association Micro enterprise Business Development Program - capacity building, training, financing CARE Canada Imara - capacity building, marketing, financing World Vision Soft Loan, for Food Security - capacity building, marketing, studies training, financing, Microfinance Related Studies - capacity building, technology transfer, training financing, studies Business Sector Support Programme - Microfinance Component targeted at households, smallholder farmers and small and micro enterprises through CRDB Bank Business Sector Support Programme - Commercial Court Microfinance Capacity Building Programme in Africa )AFCAP), a joint initiative with CGAP for capacity building of MFIs in East, Central and Southern Africa 69
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THE ROLE OF INFORMAL MICROFINANCE I
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DECRALATION I, Mwakajumilo, Stephen
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DEDICATION To Almighty God, to whom
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ACRONYMS AND ABBREVIATIONS AGOA = A
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TABLE OF CONTENTS Title Page I Abst
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2.2.7 The prospects of SACCOs in Ta
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CHAPTER 4 PRESENTATION AND DATA ANA
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TABLE 18B: Value of loan from SACCO
Page 17 and 18: To SACCOs, they (SACCOs) are also e
Page 19 and 20: micro projects, general entrepreneu
Page 21 and 22: which are viewed as not credit wort
Page 23 and 24: parts of Tanzania. They are member
Page 25 and 26: Cooperatives were introduced in Tan
Page 27 and 28: 1.1.3: WHY IS THIS THESIS UNDERTAKE
Page 29 and 30: Cumulative Number of Number of Year
Page 31 and 32: Year Number of Members Value of Sha
Page 33 and 34: Year Percentage of Consumption of l
Page 35 and 36: • Bureaucratic constraints, lack
Page 37 and 38: 6. To identify gaps/shortfalls (i.e
Page 39 and 40: economy with respect to the unhealt
Page 41 and 42: organizations, help members achieve
Page 43 and 44: The cooperative formula was then co
Page 45 and 46: savings and credit cooperatives tha
Page 47 and 48: Cameroon in its English-speaking ar
Page 49 and 50: Since they have appeared on the sce
Page 51 and 52: Tanzania was the first country in A
Page 53 and 54: Type / Name of institution Microfin
Page 55 and 56: enhancing loan recovery and improvi
Page 57 and 58: embarked on building links with Sac
Page 59 and 60: • Encouraging and supporting, thr
Page 61 and 62: This shows the true nature of a maj
Page 63 and 64: Savings mobilization The potential
Page 65 and 66: It has been argued that the formal
Page 67: It is suggested that governments, i
Page 71 and 72: Local Counterpart Small Industrial
Page 73 and 74: Local Counterpart Program Amount Go
Page 75 and 76: • PROMOTION AND ROLE MODELS. Help
Page 77 and 78: (iii) The target group being foreig
Page 79 and 80: (iv) Existence of pressure of the M
Page 81 and 82: (c) Government should honor stakeho
Page 83 and 84: 1.1.16: INCOME DISTRIBUTION Policie
Page 85 and 86: TABLE 8: Formal Sector Distribution
Page 87 and 88: percent households decreased from a
Page 89 and 90: Also the significance of this study
Page 91 and 92: loans to their respective members i
Page 93 and 94: • Having adequate and timely secr
Page 95 and 96: LITERATURE REVIEW 2.1.0: INTRODUCTI
Page 97 and 98: It further defines savings and cred
Page 99 and 100: from being influenced by individual
Page 101 and 102: Investment Guarantee Agency (MIGA)
Page 103 and 104: 2.1.7: THE ROLE OF STOCK MARKET IN
Page 105 and 106: isk{Solnik 1974}. As a consequence
Page 107 and 108: • Access for New Firms- The prest
Page 109 and 110: of financial systems. The success o
Page 111 and 112: Mkwizu (1992) points out that Tanza
Page 113 and 114: (1994) conclude that this conservat
Page 115 and 116: areas. However, repayment schedules
Page 117 and 118: plus services (Aghion and Murdoch 2
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� Lack of appropriate and adequat
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savings of the community. Community
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ingenious entrepreneurs behind them
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Reforming the national small busine
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linkages based on both market and n
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combinations: private sector, gover
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Tanzania and most of its neighborin
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favorable rates and help keep finan
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The SACCOs, is a complex organizati
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2.2.10.1: Advantages for the SACCOs
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2.2.10.3 THE COMPARATIVE ANALYSIS B
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2. The importance of savings in the
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Commercial Banks are like the other
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presence in carrying on the traditi
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A summary profile of selected NGOs
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(ii) Competitive Financial Environm
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� Likewise, these institutions wi
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METHODOLOGY OF THE STUDY CHAPTER TH
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among variables such as the support
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• Checklist response • Rating a
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• What are the roles of instituti
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In each Region, a total of 20 SACCO
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3.1.8: Data Processing The data res
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3.1.12: Limitations • Difficult i
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Those students who are to write a M
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V. Generalizations and interpretati
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The method of collecting Primary an
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characteristics of participants, th
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How? Through experiment approach /g
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which the problem has got to be stu
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4.1.2: Responses to Questionnaire.
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Outreach and Savings Mobilization
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iggest commercial city have more SA
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small farmers are most likely to sa
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15 TPB … 16 TGT … 17 IFAD-Mbeya
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and bank balances which have been o
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However, operating income per total
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The Research Institutions in Tanzan
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microfinance services in both rural
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(xi) Do you inform SACCOs about you
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• Provide modern facilities and i
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validate this observation by asking
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fact that their SACCOs serves all k
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What is more disturbing than the fa
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Year Real Private Disposable income
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Year Real Private Income Received b
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Model R R Squar e Adjusted R Square
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213
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215
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CONCLUSION The performance of micro
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5.14 Please list in the other impor
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Bank and other institutions engagin
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Table 18A: SITUATION FOR THE SACCOs
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Table 19: SITUATION FOR THE AUDITED
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(a) Specific Recommendations. The r
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APPENDIX E: QUESTIONNAIRES USED TO
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5.15 How have you been financing th
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Real Pinco RGD Rate Real GV Inv Dum
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In general, SACCOs in Tanzania have
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Finally, governments in Sub-Saharan
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5.3.11 If the answer to 10.0 is “
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5.3: RECOMMENDATIONS OF THE STUDY (
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REFERENCES: Ally M.Kimario, Marketi
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Working paper number 466, IDS, Univ
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