The Role of Financial Institutions on Supporting the Growth of SMEs in Tanzania: A Case of ABC Bank in Dar es Salaam

The main objective of this study was to assess the role of financial institutions in supporting the growth of SMEs in Tanzania taking Bank ABC as a case of researcher’s study. As to fulfill the needs, researcher breakdown the topic into several detailed purposes that he termed them as specific objectives which are, to identify the roles of financial institutions on the growth of SMEs,to assess the support that ABC Bankprovides to SMEs and finally to determinechallenges that Bank face in assisting SMEs when tries to support SMEs in Tanzania. With the use of questionnaires a total of 180 samples were used to give the data.As to respond to the questions for the objective number one, about 122 respondents’shows to be aware with how financial institutions support the growth of SMEs though they differ on the degree of understanding.While that a case, other groups of respondents disagree and the remaining 10 respondents were remaining neutral to the questions. With regard to the second objective, results obtained showed that, large percentage of the respondents about 64.4% selected Yes meaning there is contribution from ABC Bank to SMEs; 21% selected NO and the remaining 14.4% selected I don’t know .Responses of objective number three, challenges like unequal distribution of information; Insufficient set of balanceto support assistance , untrained personnel; Huge cost associated with such assistance, and lastly, mismanagement . Researcher,gave recommendation policy makers and other researcher on what they can concentrate on ensuring effective support of financial institutions on the growth of SMEs in Tanzania.

Level dc:type.qualificationlevel

masters

Grantor dc:publisher.institution

The Open University of Tanzania

Year dc:date.issued

2016

Author dc:creator

• Mapunda, George Arthur

• 658 Gerneral management

Language dc:language

en