ABSTRACT
This study was conducted in Dodoma Municipality-Tanzania, aiming at assessing
women‟s socio-economic development in relation to their involvement in MFIs. The
specific objectives were to examine those micro-credits services and savings
attracting women in MFIs, to analyze the women‟s activities derived from MFIs
services, to assess the current and potential collateralization that make MFIs trust
women and to assess the contextual factors influencing women‟s socio-economic
development.
A cross-sectional research design encompassing both purposive and proportionate
random sampling was adopted, About 402 respondents were involved. Both
Qualitative and Quantitative data obtained and analyzed through SPSS and ANOVA.
Findings from this study suggest that women‟s socio-economic development will
remain at stake despite of their repetitive borrowing in MFIs because there is great
disparity between loan application purpose and utilization. The role of MFIs has
remained questionable because there are contextual factors that are hardly addressed.
These include political, legal framework, culture and lending approaches causing
unsustainable purchasing power of women despite of MFIs intervention.
Furthermore, MFIs are continuing to exhaust funds from poor to make them even
poorer through high interest rates, short tenured small loans imbedded under group
lending approach, which are used as survival strategy of MFIs.
This study recommends the government through BOT to establish laws that compel
MFIs to recognize potential collaterals that are affordable by women and intervene
on operations of Non depository taking MFIs particularly control on interest rates.
MUYANGO, D (2021). Microfinance Institution Services And Women’s Socio-Economic Development In Dodoma Municipality-Tanzania. Afribary. Retrieved from https://track.afribary.com/works/microfinance-institution-services-and-women-s-socio-economic-development-in-dodoma-municipality-tanzania
MUYANGO, DANFORD "Microfinance Institution Services And Women’s Socio-Economic Development In Dodoma Municipality-Tanzania" Afribary. Afribary, 26 Apr. 2021, https://track.afribary.com/works/microfinance-institution-services-and-women-s-socio-economic-development-in-dodoma-municipality-tanzania. Accessed 27 Nov. 2024.
MUYANGO, DANFORD . "Microfinance Institution Services And Women’s Socio-Economic Development In Dodoma Municipality-Tanzania". Afribary, Afribary, 26 Apr. 2021. Web. 27 Nov. 2024. < https://track.afribary.com/works/microfinance-institution-services-and-women-s-socio-economic-development-in-dodoma-municipality-tanzania >.
MUYANGO, DANFORD . "Microfinance Institution Services And Women’s Socio-Economic Development In Dodoma Municipality-Tanzania" Afribary (2021). Accessed November 27, 2024. https://track.afribary.com/works/microfinance-institution-services-and-women-s-socio-economic-development-in-dodoma-municipality-tanzania