Access to public soft loans and job creation among marginalised groups in Tanzania
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Date
2024
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RearchGate
Abstract
Access to soft loans is an important tool in the promotion of self-economic sustenance and job creation. Moreover,
globally the rate of unemployment is on the rise and particularly so for the youth and women. Therefore, the study
aimed at assessing how access to soft loans issued by local government authority (LGA) contribute to job
creation among the marginalised groups in the city of Dodoma, Tanzania. A cross sectional research design was
used whereby using a questionnaire, data was collected from 336 randomly selected respondents. The collected
data was analyzed using SPSS and STATA whereby both descriptive and inferential statistics were determined. In
addition, binomial regression analysis was used to determine factors associated with the marginalised groups’ job
creation following their access to LGA soft loans. Generally, findings from the study show that on average two jobs
were created by the soft loan beneficiaries. In addition, findings show that the soft loan beneficiaries’ education,
soft loan duration and type of income generating activity on which the loans were used were significantly (p ≤
0.001) associated with job creation (p<0.01). In addition amount of loan received was negatively and significantly
(p ≤ 0.05) associated with the marginalised groups’ job creation. Thus, it can be concluded that access to soft loan
enables marginalised groups to create jobs. Therefore, it is recommended that Dodoma City Council should
expand its provision of soft loans to marginalised groups so as to promote more job creation hence, reduce the
rate of unemployment among the marginalised groups.
Description
Journal Article
Keywords
Soft loans, Job creation, Local government authority, Marginalised groups
Citation
https://doi.org/10.24818/beman/2024.14.2-06