Evaluating The Capacity Of SACCOS In Providing Long-term Financial Services To Poor Households: The Case of Wanama And Makongo Saccos In Dar-Es Salaam Region.

Mwakagile , Edward Banfisile (2011) Evaluating The Capacity Of SACCOS In Providing Long-term Financial Services To Poor Households: The Case of Wanama And Makongo Saccos In Dar-Es Salaam Region. Masters thesis, The Open University of Tanzania.

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Abstract

After independence in 1961 Tanzania declared to fight poverty, disease and ignorance in order to bring development to its people. But up to know the majority of Tanzanians are faced with poverty: experience shows that economic empowerment of poor people is needed. One way of economic empowerment to poor is the establishment of SACCOS which are user -owned micro finance institutions that offer variety of financial products including savings and credit services to their members to help them engage in productive activities. The study was investigating factors influencing capacity of SACCOS in providing long – term financial services to poor households. The study was carried out in Wamana and Makongo SACCOS in Dar-es-salaam Region .It was a survey study where primary and secondary data were collected through interviews, observation, document analysis and questionnaires, then analyzed by using descriptive statistics where as results were presented in tables, and some of them described graphically for more clarification and precise work . The trend in issuance of loans to members reveals that, from 2005 Makongo managed to allocate micro credits to 62 members out 98 while Wamana managed to allocate micro credit to 458 members out of 2174 in the year 2011. This means that the capacity of these SACCOS is still low generally these Savings and Credit Co-operative societies (SACCOS) should encourage savings mobilization from member so as to build a financial base for credit provision which can help them to increase the capacity.

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