Rural finance challenges in Tanzania – the case of Kibaigwa Financial Services and Credit Cooperative Society (KIFISACCOS) in Kongwa District
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Business Minds Africa
Abstract
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KIFISACCOS case study
This case gives some insight into the challenges that a rural community faces with regard to access to financial institutions. Interviews and discussions were held with the members of the community-based Kibaigwa Financial Services and Credit Cooperative society (KIFISACCOS). These results were combined with an institutional review of the co-operative. It was concluded that improved financial management and more tailored lending services would improve rural community livelihood.
This case gives some insight into the challenges that a rural community faces with regard to access to financial institutions. Interviews and discussions were held with the members of the community-based Kibaigwa Financial Services and Credit Cooperative society (KIFISACCOS). These results were combined with an institutional review of the co-operative. It was concluded that improved financial management and more tailored lending services would improve rural community livelihood.
Keywords
Microfinance, Rural financing, Challenges, Kongwa, Tanzania