Assessment of Role of Microfinance Institution on Women Empowerment: A Case of Selected SACCOS in Tanga Tanzania.

Mfuko, Philomena Stewart (2022) Assessment of Role of Microfinance Institution on Women Empowerment: A Case of Selected SACCOS in Tanga Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

Microfinance can be used as a key strategy to empower women, whereas finances from the microfinance institutions used for setting up or expansion of businesses with potential impacts including increased income levels and control over income through enhanced decision making. The study grounded on assessment of the role of microfinance institution on women empowerment in TRA Saccos in Tanga, Tanzania. Specifically, the study examines the effect of microfinance agency on women empowerment, assess the effect of financial resource on women empowerment and examine effect of microfinance achievement on women empowerment. The study guided by Williams’ model of women empowerment theory. Quantitative research approach coupled with survey design was successfully used. A total of 40 women were obtained through purposive and random sampling technique. Questionnaire was used in data gathering. The study findings indicated that 67.5% of women access loan to run their business from TRA Sacco’s. To add microfinance agency, play a significant role on women empowerment in a number of ways such as improvement in income generating activities, opportunity for self-employment, make investment decision with P value 1 (P=1) statistical significance. The study found positive correlation between financial resources and women empowerment at 0.01 significant levels. This linked with control over household income and asset, participation in resources ownership. The study recommends that this microfinance should be provided with mandate to extend their service to poor women so as to have skills of entrepreneur and being independent. Keywords: Microfinance agency, financial resources and achievement of women empowerment

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