Journal of Small Business and Entrepreneurship Development

Saving Practices Nexus Performance of Small Scale Businesses Owned by Women in Africa: The Case of Tanzania
Msoka Elizabeth M

Abstract
The influence of saving practices on the performance of Micro and Small (MSE) owned by women in Tanzania is poorly understood. This study investigated the relationship between saving practices and the performance of micro and small enterprises owned by women in urban area of Tanzania. The study used a crosssectional research design on a sample of 82 respondents. Data were collected using questionnaires, focus group discussions and interview guide. Data were analysed both quantitatively and qualitatively. The study established that; there is a relationship between saving practices and the performance of small scale businesses owned by women. The study recommends that; Saving practices of women in small scale businesses need to be supported in terms of creation of networks with external agencies. The saving schemes should be institutionalised in financial institutions and government programmes such that women are able to access the capital they need for better performance of their businesses. Banks should offer a menu of saving programmes that take into account the diversity of women’s needs and constraints.

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