A Thesis/Dissertation Submitted in Partial/Fulfillment of the
Requirements for Award of the Master of Science in Entrepreneurship
(MSc Entrepreneurship) of Mzumbe University
Understanding the contribution of SACCOS towards improving social welfare of people
is increasingly important to both the government and financial institutions in developing
countries. Thus, this study intended to assess the contribution of Nyasamaja and
Ukombozi SACCOS in improving social welfare of its members in Iramba district. The
study indented to meet the specific objectives of identifying financial services or
products offered Nyasamaja and Ukombozi SACCOS, towards social welfare
improvement in Iramba district; identifying improved social welfare as a result of
services provided, Nyasamaja and Ukombozi; and determining challenges faced by
Nyasamaja and Ukombozi SACCOS, in improving social welfare in Iramba district.
Key concepts which are micro financial institutions, SACCOS, and social welfare were
both theoretically and empirically reviewed to construct a workable conceptual
framework.
The study was a case design which intended to deeply understand the construct and
contribution of the study. Data were collected through questionnaire, interview and
observation from 34 purposively sampled samples. Data were analysed using simple
descriptive statistical models which resulted into some charts and figures.
The study revealed that, majority of SACCOS members are people aged above 30 years,
with at least a certificate level of education, and have wage or salary employment.
Female were the dominant gender in the sample, and saving a household size of more
than 5 people. Loans were the major product offered by SACCOS at an average of Tshs
326,250 per loan. The improved social welfare includes ability to pay for education,
health, and personal expenses, as well as improved access to financial services.
Generally, the contribution of SACCOS in improving social welfare of people is the
located areas cannot be undermined. It is important for both government and
development partners to support them so that they may sustainably serve the population.