Volume 6, Issue 2, August 2014, Pages 136–140
Stephen P. Mnyawi1 and D. Malugu2
1 Institute of Rural Development Planning - Lake Zone Centre, P.O.Box 11957, Mwanza, Tanzania
2 Institute of Rural Development Planning - Lake Zone Centre, P.O.Box 11957, Mwanza, Tanzania
Original language: English
Copyright © 2014 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The study examined the effects of financial liberalization in Singida region. Data collected through questionnaire while survey and focus group discussion techniques applied. Data were analysed through Statistical Package for Social Science (SPSS) version 11.5. Results indicated that four types of loans offered by financial institutions includes; personal loans offered to employees of different organizations; Mortgage loans given to business persons with existing business; Corporate loans targeted agricultural groups; and loans is offered to SACCOs from banks. However no loans found favored directly youth as first target as a result Persistence of Youth unemployed is increasingly in Singida region. It is concluded that contribution of financial liberalization to youth employment in Singida municipality is only 22.5%. The researchers recommended that government should supported financial sectors to play a significant role in economy by establishment of appropriate policies which consolidate the gains of first generation reforms.
Author Keywords: financial liberalization, employment, unemployment, investment.
Stephen P. Mnyawi1 and D. Malugu2
1 Institute of Rural Development Planning - Lake Zone Centre, P.O.Box 11957, Mwanza, Tanzania
2 Institute of Rural Development Planning - Lake Zone Centre, P.O.Box 11957, Mwanza, Tanzania
Original language: English
Copyright © 2014 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The study examined the effects of financial liberalization in Singida region. Data collected through questionnaire while survey and focus group discussion techniques applied. Data were analysed through Statistical Package for Social Science (SPSS) version 11.5. Results indicated that four types of loans offered by financial institutions includes; personal loans offered to employees of different organizations; Mortgage loans given to business persons with existing business; Corporate loans targeted agricultural groups; and loans is offered to SACCOs from banks. However no loans found favored directly youth as first target as a result Persistence of Youth unemployed is increasingly in Singida region. It is concluded that contribution of financial liberalization to youth employment in Singida municipality is only 22.5%. The researchers recommended that government should supported financial sectors to play a significant role in economy by establishment of appropriate policies which consolidate the gains of first generation reforms.
Author Keywords: financial liberalization, employment, unemployment, investment.
How to Cite this Article
Stephen P. Mnyawi and D. Malugu, “The Effects of Financial Liberalization in Singida region: Experience from Utemini ward, Tanzania,” International Journal of Innovation and Scientific Research, vol. 6, no. 2, pp. 136–140, August 2014.
