IMPACT OF MICROFINANCE CREDITS ON INDIGENOUS PEOPLES' INCOMES: CASE STUDY OF MOROGORO TANZANIA

Abstract: With the growth of population in Tanzania, the government cannot give all its citizens jobs or employment; hence, the government encourages self-employment to its citizen as a way of fighting poverty in the country. The citizens respond positively to the directions and encouragement of their government to employ themselves, yet another problem rises, this problem is access to capital to fund their businesses. The government noticing this problem embarked on the improvement of the financial sector, which in turn should come in and save the day. These reforms work properly because a number of Microfinance Creditors joins the government’s efforts of alleviating poverty to its citizens, by affording them credits in form of loans. The main objective of this paper is to investigate the impact of Microfinance Credits to the indigenous people income in Tanzania case study of Morogoro region.

By use of both documentary review and fieldwork, types of methodology the researcher discovers that the Microfinance Institutions credits to the indigenous communities have a positive impact in the country even though the sector has some challenges.

Keywords: Microfinance, Institutions, Credit, Indigenous, Communities, Impact.

Title: IMPACT OF MICROFINANCE CREDITS ON INDIGENOUS PEOPLES' INCOMES: CASE STUDY OF MOROGORO TANZANIA

Author: Halima Rajab Ibrahim

International Journal of Novel Research in Marketing Management and Economics

ISSN 2394-7322

Vol. 10, Issue 2, May 2023 - August 2023

Page No: 20-31

Novelty Journals

Website: www.noveltyjournals.com

Published Date: 03-June-2023

DOI: https://doi.org/10.5281/zenodo.8001053

Paper Download Link (Source)

https://www.noveltyjournals.com/upload/paper/IMPACT%20OF%20MICROFINANCE-03062023-2.pdf