Microfinance institutions and economic growth in Tanzania: a case study of Chunya District, Mbeya

dc.contributor.authorIrene, Kyaruzi
dc.date.accessioned2020-07-27T07:56:29Z
dc.date.available2020-07-27T07:56:29Z
dc.date.issued2015-05
dc.descriptionResearch report submitted to the College of Economics and Management Sciences in partial fulfillment of the requirements of the award of a bachelor's degree in Business Administration of Kampala International Universityen_US
dc.description.abstractThe study was set to establish the impact of debt management on financial performance of commercial banks in Uganda. A case of centenary bank, Uganda Kabalagala branch. It was guided by the following objectives; to find out the different debt management strategies used by commercial banks, to examine the financial performance levels of commercial banks, and lastly to assess the relationship between debt management and financial performance in commercial banks. The study adopted a descriptive research design. The design is deemed appropriate because the main interest of the researcher is to explore the viable relationship and describing how the factors support the two variables that are under investigation. The researcher will collect data using administering questionnaires and interviews to obtain up-to- date and first hand information. The study uses a study population of 71 members representing beneficiaries from Centenary bank, staff members of Centenary Bank in Kampala. From this population a sample size of 60 respondents was got using sloven's formula. The study made the following findings The research on debt management and financial performance of commercial banks in Uganda was conducted in Centenary's bank Kampala branch. On examining the techniques of debt management employed by Centenary bank, the findings revealed that; determination of payment period, debt consolidation, debt cycling, security and safety of the advance, efficiency of management and liquidity level were the responses given by the respondents. The findings conclude that there is a high degree of financial performance levels of commercial banks and if this is maintained, it will constitute to the satisfaction of the financial performance of the commercial banks. According to the findings, the factors affecting debt management were regressed on factors under financial performance of commercial banks. The findings revealed that factors studied under debt management explain 74.7% of the factors leading to financial performance of commercial banks. The correlation coefficient 0.864 is strong and showed that debt management has a significant strong relationship on financial management in commercial banks. The study made the following conclusions According to the analysis made Centenary's bank ensures that the credit and debt collection staff work as a team, excellent liaison and communication skills especially when identifying business risks and how to minimize bad debts. Centenary debt terms are effective since are set jointly by board members, Heads of departments and managing director. The study confirmed a strong positive relationship between debt management and financial performance in Centenary bank. The existence of an effective debt policy, the higher the financial performance levels. The study made the following recommendations The procedures in the previous chapter have laid a firm foundation upon which recommendations can be drawn from the study in light of the study objectives. Management of Centenary bank should ensure that the credit and debt management/collection staff work as a team, excellent liaison and communication skills especially when identifying business risks and how to minimize bad debts and provision for doubtful debts as well.en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12306/11327
dc.language.isoenen_US
dc.publisherKampala International University.College of Economics and Managementen_US
dc.subjectMicrofinanceen_US
dc.subjectInstitutionsen_US
dc.subjectEconomicen_US
dc.subjectGrowthen_US
dc.titleMicrofinance institutions and economic growth in Tanzania: a case study of Chunya District, Mbeyaen_US
dc.typeOtheren_US
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