Encouraging Entreprepreneurship In Tanzania Through Saccos, Boot-Strap Financing And Selling Airtime As Few Alternative Ways Of Getting Capital-A Case Study of Educated Youths In Ilala Municipality

Author(s)

Ikandilo kushoka  ,

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Volume 2 - July 2013 (07)

Abstract

This paper discusses few alternatives for capital sourcing for educated youths in Tanzania namely: SACCOs, boot-strap financing and selling airtime vouchers. Youths in Tanzania, find it difficult to get capital from financial institutions, as they are required to provide collateral, which they lack. Instead, youths depend on own saving, families and friends as a source of capital. The objective of this study is to examine few alternative ways for youths to get capital for operating a business in Tanzania The findings indicate that 50 per cent of respondents started their business from their own savings when they were students. This implies that students used school allowances as a source of capital as they find it difficult to get capital from financial institutions. 

Keywords

Entrepreneurship, Boot strapping, SACCOs

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