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Opportunities and Challenges of Using Social Media in Enhancing Performance of Microfinance Institutions: The Case Study of Ilala Municipality

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dc.creator Shoki, Gracia
dc.date 2020-11-10T11:17:35Z
dc.date 2020-11-10T11:17:35Z
dc.date 2020
dc.date.accessioned 2021-05-05T08:08:43Z
dc.date.available 2021-05-05T08:08:43Z
dc.identifier APA
dc.identifier http://hdl.handle.net/11192/4521
dc.identifier.uri http://hdl.handle.net/11192/4521
dc.description A Dissertation Submitted in Partial Fulfillment of the Requirements for the Award of the Degree of Master of Business Administration – Corporate Management (MBA - CM) of Mzumbe University
dc.description The main objective of this study was to assess the opportunities and challenges of the use of social media to enhance business performance of microfinance institutions in Tanzania. Specifically, the study assessed the opportunity and challenges of the use of social media networks in enhancing the performance of microfinance institutions, found that the degree and measurement of investigation of opportunities and challenges for the utilization of social media network by microfinance institutions are exceptionally wide. This study was based on the use of both primary and secondary methods of data collection was employed. The methods employed include Questionnaires and interview. Further, the study revealed that, the challenges that Microfinance Institutions face in the utilization of social media is the delay in getting response when making an inquiry through social media, affordability of clients/customers to own devices e.g. mobile phones and computers and also to have sufficient funds to buy internet bundles/data which could enables them access the information through Social Media. For some microfinance monetary foundations, discovering low cost and effectively implementable approaches to draw in with their clients (and arrive at new ones) is a significant challenge. The study recommend that Microfinance Institutions should start making a very proper use of social media by creating and formulating very effective and efficiency marketing strategies that could help them in enhancing performance through the increase of customer base as well as loan portfolio. Further The study recommends that Microfinance Institutions shall concentrate in using the mostly five social media namely Facebook, Twitter, LinkedIn, You Tube and Flickr since their very well established.
dc.language en
dc.publisher Mzumbe University
dc.subject Social media
dc.subject Microfinance institutions in Tanzania
dc.subject Social media networks
dc.title Opportunities and Challenges of Using Social Media in Enhancing Performance of Microfinance Institutions: The Case Study of Ilala Municipality
dc.type Thesis


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