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Development of a vibrant economy depends on how entrepreneurial the people are,
and though some believe that entrepreneurs are born but the fact is that entrepreneurs
are made. A strategic thinking is how to consistently develop the capacity of making
entrepreneurs. Business development is about seeing opportunities and developing
the best ways of tapping those opportunities to ones advantage. Tanzania is blessed
to have quite a number of natural resources that are worthless until when they are
exploited and transformed into other consumable products to be marketable. The
Government supports initiatives to develop capacities to effect the transformation.
The aim of this study was to determine the impact of credit institutions on the
development of small and medium enterprises in Tanga city.
To accommodate the sampling procedure, this study used stratified probability
sampling techniques. The reasons for this selection is that with probability sampling
each population element has equal chance of occurrence(kothari,1990) The sample of
this study was only Tanga city where all data concerned to this were gathered. The
sample size constituted 35 respondents.
The government has to put in place good operational environment for SME
development and growth. It fully supports strategies, programmes and projects aimed
at contributing to the development of SMEs.
It is my sincere belief that active participation of all stakeholders in this noble
development course will increase the pace of business creation, chances of survival
and success, create jobs, increase income and contribute to the improvement of
general people’s well being. And emphasizing to all small and medium entrepreneurs
to go school which will help them in their business management increasing sales. |
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