A thesis Submitted to Mzumbe University Dar es salaam Campus College in
Partial Fulfillment of the Masters Degree of Business Administration (MBA -
Corporate Management) Of Mzumbe University
This study investigated the influence of inaccessibility of bank finance and lack of
financial management knowledge to people doing small business. The general
objective of the research was to investigate the influence of
accessibility/inaccessibility of bank finance to small business development in
Tanzania. Specific objectives: To investigate the influence of accessibility and inaccessibility
of Bank Finance on the Small Business management, to identify effects
of accessibility/y/inaccessibility of bank finance to the development of small
business and to determine challenges faced by small business owners as a result of
inaccessibility of Bank finance.
Both theoretical and empirical literature was reviewed and the latter revealed that
many studies have been done on the similar issues. This was because of the
importance of small business as a source of job creation and eradication/alleviation
of poverty. The survey research design was used to gather information and the
sample included 100 respondents who were randomly and purposively selected.
Interviews, observations and documentary analysis were data collection methods
used to collect both primary and secondary data. Analysis of data was done based on
research objectives and research questions.
Findings of this research showed that small businesses owners in the study area find
it difficult to access bank finance. The research results also showed that
inaccessibility of bank finance have a greater influence on the development of small
businesses. It also highlighted that lack of financial management knowledge have an
impact on survival and development of small businesses. Recommendations: Small
business owners should be financed effectively, business education to be provided
effectively, same research to be done in other places.