The role of informal microfinance institutions in saving

In order for the SACCOs to survive, the assistance of funding agencies is required in the long
term and has the goal of achieving the institutions financial and operating self-reliance.
A SACCOs regardless of its nature should seek to cover its operations and be less dependent
on outside assistance in order to develop.
1.1.20: Expected Beneficiaries
Beneficiaries of the output of this research project will include:
• The SACCO’s practitioners and consultants with a blended high-level knowledge and skills
on the management of SACCOs. They will to become familiar with distinguishing features
of SACCOs as well as the history of their development in the world and in the African
continent.
• I will also benefit by fulfillment the academic requirements for the award of a PhD. Degree
by the St. Clements University of the British West Indies (Turks and Caicos Island.
• Policy makers in SACCOs operation, researchers, academicians, managers, members and
scholars who will add to the stock of reading materials for students at the Moshi university
College of Cooperative and Business studies (MUCCOBS) and else-where.
• Bank of Tanzania responsible for supervision and regulation of the financial and non
financial institutions.
• I will also benefit by fulfillment the academic requirements for the award of a PhD. Degree
by the St. Clements University of the British West Indies (Turks and Caicos Island).
1.1.21: ASSUMPTIONS
It is assumed that through formation of a significant number of SACCOs in different parts of
the country, SACCOs will be a useful instrumental in savings mobilization, provisions of micro
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