Micro financing in Tanzania

Dissertation

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ACKNOWLEDGEMENTS

My thanks go out to all who have helped me complete this study and with whom this project may have not been possible. In particular, my gratitude goes out to friends, facilitator and family for extensive and helpful comments on early drafts. I am also deeply indebted to the authors who have shared my interest and preceded me. Their works provided me with a host of information to learn from and build upon, also served as examples to emulate.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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EXECUTIVE SUMMARY

Poverty is the most complex phenomenon. It is considered to be appealing in the cases where numeric imaging exists and poverty could be captured in single number, it is not the situation that is in Tanzania. About half of the population of Tanzania are performing agro activities and residing at rural areas of Tanzania. It has been seen that most of the economies that are rural are considered to be stagnant. This insufficient structure in the rural areas is due to the agriculture storage facilities, road system, education and health and marketing strategies. In Tanzania the entire economic situation is dependent upon the agriculture production because government is not taking any interest in it and they are not benefitting the people living in those rural areas. Due to these problems poverty is increasing and the grip of poverty is tightening the people. In spite of the limitation that are described above, developing economies population are helping themselves by engaging in entrepreneurial activities. These activities involve financing supports and micro financing activities. Micro financing companies are working toward the betterment of the poor entrepreneur and supporting the health programs, educational facilities and food supplies. Financial sector transformation in TSEs involves not only the formation of new private markets and institutions but also the reform or elimination of the old state-led entities. The previous chapter examined the process of financial market formation in successful market economies and the characteristics of a healthy financial institutional framework as a means of developing a comparative basis as well as a model. This chapter examines historical and contemporary processes of financial sector reform for the same purpose. More importantly, these reform processes have yielded real fruit: post-reform financial institutions in these countries have become more efficient and have tailored their services to meet the changing requirements of their predominantly private sector clientele. Financial Reform in Transitional Socialist Economies The extent of the challenge of forming new capital markets and transforming state-led banking systems in transitional socialist economies comes into clearer focus. When examining the literature on contemporary efforts. On the whole, this literature consists of case studies and works that attempt to unravel the mystery of what to ...