The Impact of Village Savings and Lending Associations Strategies to Women Economic Empowerment in Tanzania: A Case of Chanika Ward.

William, Hellenglad (2023) The Impact of Village Savings and Lending Associations Strategies to Women Economic Empowerment in Tanzania: A Case of Chanika Ward. Masters thesis, The Open University of Tanzania.

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Abstract

The study was carried out to assess the impact of Village Savings and Lending Associations (VSLAs) strategies to the economic empowerment of women in rural communities in Tanzania, a case study of Chanika Ward. The specific objectives were; to assess the effect of loan procedures strategies set up by VSLAs to the economic empowerment of women in rural communities, to assess the effect of loan conditions strategies set up by VSLAs to the economic empowerment of women in rural communities and to assess the effect of loan size strategies set up by VSLAs to the economic empowerment of women in rural communities. The study used cross sectional research design as the research design while on the other hand simple random and purposive sampling strategies were used to select 101 respondents. Data were analysed using descriptive analysis with the aid of Ms-Excel and qualitative data for content analysis. The study found that loan procedures established by VSLAs have favourable effect on the economic empowerment asthese enable many unbanked rural women to access loans with ease. The study found that loan conditions such as percentage of shares compulsory savings, guarantor requirements and to have physical assets found to have effect on the economic empowerment as through them, women were capable to access loans. The study concludes that loan procedures strategies, loan conditions strategies and loan size strategies affect economic empowerment of women in rural areas. The study recommends that there is a need for VSLAs to maintain and continuously improve the loan procedures, conditions and size in order to continue sustaining and empowering women in rural areas which largely lack access to formal banking. Keywords: Village Community Bank, Village Savings and Lending Associations, Women Economic Empowerment

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