Assessment of Factors that Hinder Women Entrepreneurs on accessing Micro-Financing Credit. A Case of Kyela Rural District

Mhanga, Jimmy’s. (2013) Assessment of Factors that Hinder Women Entrepreneurs on accessing Micro-Financing Credit. A Case of Kyela Rural District. Masters thesis, The Open University of Tanzania.

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Abstract

The general objective of the study was to assess the factors that hinder women entrepreneurs on accessing micro financing credit in Kyela Rural District; while specific objectives of the study were; To identify the social-economic factors that drive women entrepreneurs on accessing micro-financing credit; To examine the competence of women entrepreneurs on accessing micro finance credit in their SMEs; To identify constraints and barriers to women entrepreneurs on accessing micro-financing credit; To assess the innovative measures they adopt in overcoming these constraints and barriers towards accessing on micro financing credit; And to determine the extent of women entrepreneurs on accessing micro –financing credit in Kyela Rural District. The major findings indicate that 99.1% of the respondents use micro financing credits services than before joined. 87% of the respondents fulfill their livelihood after accessing MFCs. 93.4% of the respondents to them the interest was high. For those who said the interest rate was high were asked if the interest rate was high why were they still accessing loans. 85.6% of the respondents were able to repay principal and interest rate and their loans. The following recommendations were pertinent; to use MFCs as alternative approach to reach poor women entrepreneurs. Capacity building was very important to the most women entrepreneurs so as to give the strength and ability on accessing micro financing credit so as to eradicate low standard of the life in Kyela rural district.

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