A Dissertation Submitted in Partial /Fulfillment of the Requirements for Award of the Degree of Master of Business Administration Cooperate Management (MBA-CM) of Mzumbe University
The purpose of this paper is to assess the extent of influence of financial literacy trainings on entrepreneur’s performance trained by Equity bank (T) limited in Dar es salaam. The main aim is to assess whether these training opportunities are making any differences to the performance of entrepreneurship in Tanzania. A sample of 100 entrepreneurs trained by Equity bank (T) Limited in Dar es Salaam from Ilala, Temeke and Kinondoni district was used to test the hypothesis after the training.
Qualitative and quantitative data was collected through questionnaire and interview. Data analysis was done using descriptive analysis and Scientific Package for Social sciences (SPSS).
The study was determined to obtain the following; to assess if the provided training on savings skills has an influence on entrepreneur’s financial performance, to assess if the training on debts management has an influence on entrepreneur’s business performance, to assess if the provided training on budgeting had improved entrepreneur’s performance.
Following the rejection of hypothesis one (H1) the effect that training on savings had a positive influence on entrepreneur’s financial performance, rejection of hypothesis two (H2) the effect that training on debt management had a positive influence on entrepreneur’s business performance and rejection of hypothesis three (H3) the effect that training on budget management had a positive influence on entrepreneur’s performance, the researcher concludes that effective financial literacy training on had a positive influence on entrepreneurship performance in the study area.
Due to this positive influence of financial literacy training, the study recommend that efforts should be made by the government and other stake holders to enhance availability of these training to all entrepreneurs in the country for sustainable economic growth.