Determinants for Accessibility to Micro-Credit Service from Entrepreneurs Empowerment Fund among Small Scale Entrepreneurs

Abstract

The basis of this research study was on the finding of information on Determinants for accessibility to microcredit service from Entrepreneurs Empowerment Fund Among Small Scale Entrepreneurs, which was conducted at Kimanga ward in Ilala Dar es salaam with the general objective of assessing Determinants for accessibility to microcredit service from Entrepreneurs Empowerment Fund among Small Scale Entrepreneurs which specifically aimed at identifying the determinants for Microcredit accessibility, examination of the extent to which the determinants influence access to Microcredit service and recommending strategies to be done in order to increase the number of entrepreneurs who access Microcredit service through Entrepreneurs Empowerment Fund. Survey design was used in conducting the research study and interview method was mainly used in data collection. Regression analysis was run to analyse the extent to which the identified determinants facilitate access to microcredit service and came with the findings that the set budgeted revenue allocated for provision of Microcredit service, credit qualification terms and awareness or available information towards Microcredit provision are the influential determinants for Microcredit accessibility. The study recommended that provision of awareness and information regarding Microcredit service provided through the Entrepreneurs empowerment fund, will improve the number of individuals who access Microcredit service and minimization of qualification terms will allow more individuals to benefit from accessing Microcredit service from Entrepreneurs empowerment fund.