Enhancing the capacity of EARDP-community initiatives to provide sustainable and responsive quality micro-lending services in Patandi Village, Arumeru District - Arusha Region

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Southern New Hampshire University
Rural micro financing remains very challenging and in developing countries it is generally weak, despite the efforts of different donors, Governments and Private investors to improve it. However, important lessons are emerging from these experiences that provide useful guidelines on how to expand and make more effective the provision of rural financial services. Globally the evidences and arguments suggest that microfinance interventions may increase incomes, contribute to individual and household livelihood security, and change social relations for the better. EARDP - Community Initiatives in Patandi village Arumeru District Arusha Region implements micro credit and poverty alleviation programs that support small scale entrepreneurs. The organization has highlighted the importance of considering capacity strengthening of rural micro - finance set up. Major outcomes of the project involved establishment of job functions, procedures for loan tracking, grants contract from McKnight, reviewed loan portfolio, book of accounts and financial procedures as well as launching of VICOBA groups. (Author abstract)