The role of informal microfinance institutions in saving

Due to the wide geographical spread of the organizations (SACCOs) studied, the study
concentrated only on a few areas of the country. One of the greatest the researcher
encountered in this study relates to access to and collection of hard data due to extreme data
gaps and paucity.
Obtaining relevant and accurate data in some cases was not possible as there was no system in
place to make sure that data is consistently recorded and kept for further/future reference. It
came into reality that the researcher easy to access data relating to the performer of
microfinance in other parts of the world especially the Asian and European countries where
documentation system is more advanced than those pertaining to microfinance in Tanzania.
Materials:
Mass literature on Micro finance institutions is scattered and leads difficult in obtaining
relevant materials to support growth and development of micro finance. As a result limited to
investment patterns of savings and credit cooperatives societies (SACCOs) movement in
Tanzania.
Resistance of Respondents:
The Researcher also limited by the reluctance of some respondents to complete the
questionnaires promptly and those who even failed to complete them at all.
The following are the procedures to be used to overcome the data collection problems:
• Too narrow or too vague problems to be avoided.
• Surveying the available literature which will help the researcher is well conversant with
the relevant theories in the field, reports and records.
• Scientific training in the methodology of research with competent researchers in our
home country.
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