The Role of Microfinance Institutions in Enhancing Women Entrepreneurship; The Case Study of FINCA in Kinondoni Municipality

Simba, Alfred (2013) The Role of Microfinance Institutions in Enhancing Women Entrepreneurship; The Case Study of FINCA in Kinondoni Municipality. Masters thesis, The Open University of Tanzania.

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Abstract

The study focuses on the assessment of contribution of small loans in enhancing the economic empowerment to women micro-entrepreneurs obtaining loans from MFI’s whereas FINCA in Kinondoni Municipal was used as the case study. The study aimed to assess whether small loans contribute to women economic empowerment in relation to their current socio-economic activities they engage in and also to determine relationship between credits offered by FINCA and the empowerment attained by women entrepreneurs receiving such credits. The sample were collected from women entrepreneurs obtaining loans from FINCA offices in Kinondoni by questionnaire where as about 50 questionnaires were administered and also from management staffs where as data were collected through interview. The study revealed that the loans given by FINCA have impact in women entrepreneur’s lives as agreed by 98% respondents as it enables them to grow as business women and also workers in the society. This included improvement in access to financial capital, health, diet, community respect and self esteem as well as education which all together contributes to empowerment as agreed by a total of 64% respondents. The positive Pearson correlation of 0.648 was obtained between credits offered by FINCA and women economic empowerment which indicates large strength between the variables with coefficient of determination of 0.42 (42%). The study recommends that seminars and trainings should be given to women entrepreneurs on how to effectively manage the loan, also the MFI’s should establish 50,000 Tsh. as the minimum loan amount that micro entrepreneur can take so as to enable them to access the and use financial opportunity they provide.

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