A Dissertation Submitted in Partial Fulfillment of the Requirements for the Award of the Degree of Master of Business Administration in Corporate Management (MBA-CM) of Mzumbe University CollegeThis study assessed the contribution of Microfinance Institutions to the SMEs growth in Tanzania using the case study of FINCA. The objectives of this study were to evaluate the trend of MFIs in assisting SMEs to access various types of loan products, to assess the relationship between MFI loans and SMEs growth by evaluating whether the SMEs businesses have improved after receiving loans from MFIs. Also the study intended to determine the challenges faced by SMEs in accessing loans from MFIs. Lastly, this study had an objective of suggesting constructive measures to improve SMEs access to MFIs loans which would help their growth. The study used primary data collected by using questionnaire from 157 selected SMEs and officers of FINCA. The analysis of data was mostly descriptive and which was done using the Statistical Package for Social Sciences (SPSS). The findings revealed that MFIs offer various types of loan products ranging from small group loans, village bank loans and business loans. Each of these has different interest rates but which are relatively lower compared to the rates charged by commercial banks. However SMEs still consider the interests to be high and the loan conditions to be somehow difficult. It was also established that MFI loans have helped the growth of businesses which had small capital bases prior to accessing the loans. Lastly, it was established that lack of collateral, default on previous loans and failure to maintain proper records to be the most challenging factors hindering SMEs access to loans from MFIs. The study recommends that MFIs should keep the costs of loans lower and vary the loan conditions because the nature of businesses differ in terms of the revenue cycle and production cycle. So repayment schedules should consider this factor to avoid default.