International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064



Research Paper | Finance | Tanzania | Volume 8 Issue 11, November 2019

Contribution of Financial Institutions Towards Agriculture Sector Growth in Tanzania: A Case of Arusha Region

Minja Hosiana Ruwaichi, Samwel Marwa Werema

The paper assesses the contribution of financial institutions toward agriculture sector growth in Tanzania. The study adopted a case study design where Arusha Region in Tanzania was used. A mixed approach was employed where both quantitative and qualitative data were collected through questionnaires and interview methods respectively. Questionnaires were administered to farmers while the interview was conducted with loans officers from the sampled financial institutions within the study area. The qualitative data gathered through interview was analyzed through Theme Content Analysis (TCA) technique while the quantitative data gathered through questionnaires were presented and analyzed. Furthermore, inferential statistics were involved to establish the relationship among the variables. The study finds that financial institutions and agriculture financing policies have a positive contribution to the growth of the agricultural sector in Tanzania. The study recommends that the government should provide financial support to those financial institutions which provide financial loans to agricultural sector. It is also recommends that banks should offer more conducive and friendly environment for farmers to secure loans. They should make sure that interest rates are affordable and collateral requirements are minimized to the manageable level so that access to finance could be widened up for farmers.

Keywords: Agricultural Sector, Financial Institutions, Credit Facilities, Interest Rates, Collaterals

Edition: Volume 8 Issue 11, November 2019

Pages: 1152 - 1158


How to Cite this Article?

Minja Hosiana Ruwaichi, Samwel Marwa Werema, "Contribution of Financial Institutions Towards Agriculture Sector Growth in Tanzania: A Case of Arusha Region", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20202824, Volume 8 Issue 11, November 2019, 1152 - 1158

36 PDF Views | 25 PDF Downloads

Download Article PDF



Similar Articles with Keyword 'Financial Institutions'

Research Paper, Finance, Kenya, Volume 7 Issue 9, September 2018

Pages: 1231 - 1235

Influence of Umurenge Saccos Services on the Growth of Family Business in Rwanda - A Case Study of Umurenge Sacco Kimironko

Ruhumuriza Theogene, Dr. Patrick Mulyungi

Share this article

Research Paper, Finance, Tanzania, Volume 8 Issue 11, November 2019

Pages: 1152 - 1158

Contribution of Financial Institutions Towards Agriculture Sector Growth in Tanzania: A Case of Arusha Region

Minja Hosiana Ruwaichi, Samwel Marwa Werema

Share this article

Research Paper, Finance, Kenya, Volume 6 Issue 6, June 2017

Pages: 1089 - 1093

Influence of Loan Design on Loan Delinquency by Corporate Customers in Kenya

Cyprian Ondiba, Dr. Dennis Juma

Share this article

Research Paper, Finance, Kenya, Volume 6 Issue 10, October 2017

Pages: 1595 - 1601

Effect of Economic Programs on Customer Financial Literacy of Barclays Bank of Kenya

Salome Awuor Oduor, Dr. Dennis Juma

Share this article

Research Paper, Finance, Cameroon, Volume 9 Issue 5, May 2020

Pages: 406 - 412

Service Innovation and Financial Performance: An Empirical Analysis within Financial Institutions in Cameroon

NANA NDAMBWE Christelle Aurore

Share this article



Similar Articles with Keyword 'Credit Facilities'

Research Paper, Finance, Kenya, Volume 7 Issue 9, September 2018

Pages: 1231 - 1235

Influence of Umurenge Saccos Services on the Growth of Family Business in Rwanda - A Case Study of Umurenge Sacco Kimironko

Ruhumuriza Theogene, Dr. Patrick Mulyungi

Share this article

Research Paper, Finance, Tanzania, Volume 8 Issue 11, November 2019

Pages: 1152 - 1158

Contribution of Financial Institutions Towards Agriculture Sector Growth in Tanzania: A Case of Arusha Region

Minja Hosiana Ruwaichi, Samwel Marwa Werema

Share this article

Research Paper, Finance, Nigeria, Volume 6 Issue 11, November 2017

Pages: 1156 - 1161

Economic Impact of Financial Deepening in Nigeria

Michael Chukwunaekwu Nwafor, Aremu Israel Yomi

Share this article

Research Paper, Finance, Kenya, Volume 7 Issue 5, May 2018

Pages: 1425 - 1436

Credit Facilities and Provision of Housing Units in Nairobi and Surrounding Areas: Case of Shelter-Afrique

Vanlier Kontchou Guy Rene, Gerald Kalenywa Atheru

Share this article

Research Paper, Finance, Ethiopia, Volume 6 Issue 3, March 2017

Pages: 852 - 856

Role of Financial Institutions in the Growth of Micro and Small Enterprises in Assosa Zone

Gudata Abara, Tadele Banti

Share this article



Similar Articles with Keyword 'Interest Rates'

Research Paper, Finance, Kenya, Volume 7 Issue 9, September 2018

Pages: 1231 - 1235

Influence of Umurenge Saccos Services on the Growth of Family Business in Rwanda - A Case Study of Umurenge Sacco Kimironko

Ruhumuriza Theogene, Dr. Patrick Mulyungi

Share this article

Research Paper, Finance, Tanzania, Volume 8 Issue 11, November 2019

Pages: 1152 - 1158

Contribution of Financial Institutions Towards Agriculture Sector Growth in Tanzania: A Case of Arusha Region

Minja Hosiana Ruwaichi, Samwel Marwa Werema

Share this article

Research Paper, Finance, Kenya, Volume 9 Issue 4, April 2020

Pages: 894 - 902

Assessing Barriers that Influence Youth Access to Finance for Agribusiness Ventures in Kenya

Mary Njeri Thiong'o (PhDc)

Share this article

Comparative Studies, Finance, India, Volume 8 Issue 8, August 2019

Pages: 903 - 910

Development of Bond Market based on the Economy of Nation

Surbhi Gupta

Share this article

Research Paper, Finance, Vietnam, Volume 9 Issue 3, March 2020

Pages: 1284 - 1289

The Determinants of Government Bond Market Development in Asean+3

Tran Thi Thu Huong

Share this article



Similar Articles with Keyword 'Collaterals'

Research Paper, Finance, Tanzania, Volume 8 Issue 11, November 2019

Pages: 1152 - 1158

Contribution of Financial Institutions Towards Agriculture Sector Growth in Tanzania: A Case of Arusha Region

Minja Hosiana Ruwaichi, Samwel Marwa Werema

Share this article

Research Paper, Finance, Kenya, Volume 9 Issue 4, April 2020

Pages: 894 - 902

Assessing Barriers that Influence Youth Access to Finance for Agribusiness Ventures in Kenya

Mary Njeri Thiong'o (PhDc)

Share this article
Top