Sustainable Access through Micro Credit and Saving Association for Vumilia Group in Mtoni Mtongani Ward, Dar es Salaam

Kikungwe, Syabus Samuel (2015) Sustainable Access through Micro Credit and Saving Association for Vumilia Group in Mtoni Mtongani Ward, Dar es Salaam. Masters thesis, The Open University Of Tanzania.

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Abstract

A dissertation on Sustainable Access to Credit through Micro-credit and Savings Association for income poverty reduction by savings and loans at Vumilia group in Mtoni Mtongani is a result of the Community Needs Assessments (CNA) conducted in Mtoni ward Temeke District. Prior to project intervention, the CNA exercise was conducted which came up with the community needs and problems. The main problem unveiled with CNA exercise which faces majority community members in Mtoni was the prevalence of income poverty. Among other activities Vumilia community members do engage in small business, handcrafts, and food vendors’ hot culture which contribute to their household income for income poverty reduction. However, they have been facing the problem of accessing loan from the microfinance institution because they don’t meet condition since they don’t have monthly collateral. Under this study there were four objectives which set to facilitate solving the problem, these are: Sensitize 30 vumilia community members on Micro-credit and saving association (MASA) project by June 2015, Capacity building on MASA and its management by June 2015, to acquire 17meters square of land MASA office construction and project equipment by June 2015, To register MASA group as small Micro-credit enterprise by June 2015. The project planned to achieve four objectives namely: All four objectives have been achieved. Monitoring and evaluation shall be done after six month of the project which shows the sustainability by below formula narrated. The summation of (Shares + interest+ business + money discipline + any disputes) = NVS Total number of share purchased in cycle NVS means new value of share using for next follower cycle

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