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The study on hindrances facing Tanzania women entrepreneurs in accessing finance
from commercial banks was conducted at Ilala Municipality. The objectives of the study
were; to identify hindrances pertaining to business environment of women
entrepreneurs; to identify hindrances pertaining to banking practice and to identify
strategic ways of financing women entrepreneurs from commercial banks.
A case study design was used whereas a sample of 120 was involved. In collecting
primary data the study used questionnaire and interview. Secondary data were collected
through documentary analysis. Data was analysed by using SPSS, tables and figures
were used to present data.
The study found that, most of the respondents (37.5%) were affected by lack of women
entrepreneurs associations as a major hindrances pertaining to business environment of
women entrepreneurs. Also, the study found that majority of the respondents (58.2%)
revealed that laws and regulations as a major hindrances pertaining to banking practice.
Moreover, the study found that, majority of the respondents (59.2%) suggested lowering
interest rate could improve loans accessibility to women businesses.
The study concluded that there are various hindrances pertaining to business
environment of women entrepreneurs. Some of these involve; bureaucracy and
corruption, laws and regulations/ high interest rate, lack of women entrepreneurs
associations, custom challenges and low entrepreneurial and management skills. Also,
the study concluded that some laws and regulations impede banks practices. The study
recommended that extending credit alone is not sufficient condition to reduce women
challenges and improve productivity and income for small business owners in Tanzania.
Therefore, additional intervention that goes hand in hand with micro financing should be
implemented. |
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