Dar Es Salaam, Tanz - SNHU Academic Archive - Southern New ...

89thinking of other economic development activities. So far there is no one who have takentrouble to analyze why this habit is still going on unchecked. What leaders care most is ifthe person taking a loan is able to repay in a prescribed period and comply with agreedrules.Whether buildin g a hous e i s a traditio n o r prestig e i s ye t t o b e studie d becaus eexperience shows that many Tanzanians feels that to build a house is a necessity in lifemore anything. Once a person completes his/her education, what follows i s seek for ajob, marry and then to build a house and settle with a family. In a Tanzanian society oneis respected if he is living at his own house. The lack of bisiness education may be thereason wh y som e member s ten d t o buil d house s fo r rentin g believin g that i t i s a ninvestment that do not need much follow ups, promotion and risk.If entrepreneurshi p skill s coul d hav e bee n imparte d to members , busines s coul d ran kfirst rathe r tha n last as it appears. B y doing business, on e can use profits realized tobuild houses still continue having one's businesses in place.KK ha s no specific (approved) credit policy other than depend only o n their by-laws andresolutions of the AGM. Nevertheless , KK use s a loan application forms No. KK/2 forthe emergence and planned loans and pass through different stages. Even if loan requestform is completed, a loan repayment guarantee form No. KK3 should be completed andverified before any loan is approved. The only criteria to get any loan is that you must be