Micro Finance and Urban Women Micro Entrepreneurs -The case of Hananasif Community Development Fund –Kinondoni-Dar es Salaam

Kyejo, Lugano E. (2014) Micro Finance and Urban Women Micro Entrepreneurs -The case of Hananasif Community Development Fund –Kinondoni-Dar es Salaam. Masters thesis, The Open University of Tanzania.

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Abstract

The research aimed at investigating the impact of micro finance Institutions on urban women micro entrepreneurs, the case of Hananasif micro-credit institution in Kinondoni district, Dar es Salaam, Tanzania. Women in their efforts to engage in income generating activities faced certain obstacles such as a lack of finance. Micro credit institutions have therefore taken upon themselves as a challenge in advancing credit to these women to enable them meet their practical and strategic gender needs. The study attempted to find out women micro entrepreneurs and the micro enterprises they are engaged in, the credit sources and their accessibility. It further investigated whether the training, loan given, interest rate and repayment time are favorable for enterprise development. The study also investigated the product marketing techniques, profit made, the household income and expenditure. In pursuing answers to research objectives, the researcher came across various literature materials related to the study on micro financial institutions, women micro enterprise development and women empowerment. This study employed a survey research design, and it involved a total of 45 respondents from Hananasif micro credit institution. Data collection methods and instruments ranged from questionnaire, documentary review, interview and observation. Data analysis procedures were generated and analyzed using both qualitative and quantitative methods such as tables to enable the presentation of data and hence give out the study results more comprehensively. Despite the enhanced and visible roles assumed by these women due to the credit scheme, there were serious operational lapses: the loan given to these women was inadequate for most of them to run a viable micro enterprise, lack of time, lack of improved technology and ready market for products persisted. The study found out that despite the challenges women’s micro enterprise activities have enhanced their contribution to household welfare financially. This has empowered and given them a voice in decision-making. The study concluded that micro credit schemes help reduce urban poverty and empower women.

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