The Impact of Microfinance on Small and Medium Enterprises (SMEs) growth in Morogoro

Momba, Moris Mhidini (2013) The Impact of Microfinance on Small and Medium Enterprises (SMEs) growth in Morogoro. Masters thesis, The Open University of Tanzania.

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Abstract

This study examines the impact of the Microfinance on growth of the Small and Medium Entrepreneurs (SMEs) in Morogoro Municipality. The specific objectives of this study were as follows; to determine at what extent accessibility of microfinance lead to increase the volume of gross sales of participants and to understand other factors that enhancing SME’s growth. The study used cross-sectional research design in which 150 SMEs were used as a sample size: 75 clients from BRAC and 75 clients from FINCA. Data were collected using questionnaires, direct observations and documentary reviews. Descriptive statistical procedures including descriptive and frequency distributions from the database template was used and then, running Linear Regression Model. The result findings revealed that most of the respondents who were engaged in micro enterprises were female. Indeed, they were also in the age of briskest and economical active individuals of mean age 31.2 years, and the majority of them had primary level of education. However, the statistical findings also revealed that the following null hypothesis are statistically significant under t-test at 0.05 level of significance; There is statistical significant on microfinance access on SMEs growth. While null hypothesis stated that there is statistical significant relationship between SMEs growth and start-up capital and the other which stated that there is no statistical significant that experience on SME activities improves SME’s growth which reveals that it is not statistically significant at t-statistic 0.05 level of significance.

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