Assessment of the Factors Affecting Performance of Small and Medium Enterprises in Mtwara Mikindani Municipality

The main objective of this study was to assess the factors that affect the performance of Small and Medium Enterprises in urban centres as an effort towards progressing Small and Medium Enterprises in Tanzania. The study focussed on SMEs dealing with retail shops, bars, restaurants and stationeries in Mtwara Mikindani Municipality. Mtwara Mikindani Municipality was chosen as an area of study because of great opportunity to SMEs in the region, which if could be well utilized could add high Gross Domestic Product (GDP) of the country. To achieve the intended objective, the researcher developed three research questions that were aimed at assessing the factors affecting performance of SMEs, contributions and solutions to SMEs. Data were collected from cross-sectional sample of 70 respondents of which 60 were owner managers from eight wards that include; Magomeni, Majengo, Chikongola, Likombe, Vigaeni, Chuno, Shangani and Railway and 10 from financial institutions and government officials. The study findings indicated that access of capital, information network, and good credit policy, entrepreneurial skills to owner manager, well business records and technology has great influence to the performance of SMEs. The findings shows that most of the entrepreneurs fail to progress due to problem in accessing capital due to poor business records and failure to meet banks requirements. The research finding conforms to the studies done by other parts of the country and other developing countries in the world as it reviewed in literature.

Level dc:type.qualificationlevel

masters

Grantor dc:publisher.institution

The Open University of Tanzania

Year dc:date.issued

2016

Author dc:creator

• Mchome, Elineema Bariki

• 658 Gerneral management

Language dc:language

en