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9.3.2 The Small Industries Development Organization: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005

 
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9.3.2 The Small Industries Development Organization: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
   

SIDO, with an office in 20 of the 21 regions of the mainland, is a large provider of financial and non-financial services to MSEs. They have 70,000 credit-delivery clients and reach 300,000 MSEs through their small business training and consultancy services.

The key informant from SIDO stated that there is a big gap in the capacity of the organization to meet the demand for credit – of the 71,000 credit applications they had in the system in November 2003 (for loan amounts totalling TShs 27 billion), they will only be able to fund about 10 per cent.

SIDO offers three levels of credit:

Level 1: Using the group-lending approach, members can borrow up to Tshs 1 million (US$1,000). Interest rates range up to 30 per cent per annum.

Normal repayment terms are 12 months, but food producers may qualify for a two-year repayment term.

Level 2: For loan amounts of between Tshs 1 million to Tshs 6.5 million, SIDO moves to individual loans.

Level 3: For loan amounts greater than Tshs 6.5 million, SIDO links the clients to a financial institution.

The organization appears to have an excellent process of providing business development support prior to and after the provision of credit.

In addition to its own loan fund, SIDO administers a micro-credit programme (to groups and individuals) under the Entrepreneurship Development Fund (EDF). Started in 1994 with funding of Tshs 8 million, the fund has grown to about Tshs 1.5 billion.

However, key informants from the MIT indicated that the recovery rate on loans has been low and the fund is now diminishing. Women receive lower amounts than men, and the SME Section is lobbying SIDO to ensure that women make up at least 50 per cent of the loan client base. The EDF has two sub-funds: the Women’s Development Fund (WDF) and the Youth Development Fund (YDF), both funded through UNIDO, but administered and monitored by MCDGC and MoLYSD respectively. Furthermore, UNIDO has been supporting the implementation of the WED project, being implemented by SIDO, since 1993. Women make up a reported 56 per cent of SIDO clients. To learn more about this author, visit International Labour Organization's Website.

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1.2 Mission Objectives: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
  The mission objectives for Tanzania were to: • review recent ILO and other relevant research on women in enterprise in Tanzania;
1.3 Methodology: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
  Preparation for the mission involved a preliminary review of relevant research and documentation on the state of economic development in Tanzania, the general environment for SME development, the status of women e...
1.1 Background and Introduction: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
  The International Labour Organization (ILO) entered into a general agreement with the Ministry of Industry and Trade (MIT) in 2003 to implement a Women’s Entrepreneurship Development and Gender Equality (WEDGE) Pr...
8.0 Promotion of women’s entrepreneurship: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
  According to key informants from the University of Dar es Salaam, entrepreneurship is only now becoming considered a legitimate and valued activity in Tanzania. There is a huge need to increase this and to create ...
5.3 Other government SME agencies and organizations: Support for Growth-oriented Women Entrepreneurs in Tanzania, 2005
  The Small Industries Development Organization (SIDO) is the main government arm for small-scale industries promotion in the country; its main budget comes from the Ministry of Industry and Trade (MIT).

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International Labour Organization
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As the world's only tripartite multilateral agency, the ILO is dedicated to bringing decent work and livelihoods, job-related security and better living standards to the people of both poor and rich countries. It helps to attain those goals by promoting rights at work, encouraging opportunities for decent employment, enhancing social protection and strengthening dialogue on work-related issues. The ILO is the international meeting place for the world of work. We are the experts on work and employment and particularly on the critical role that these issues play in bringing about economic development and progress. At the heart of our mission is helping countries build the institutions that are the bulwarks of democracy and to help them become accountable to the people. The ILO formulates international labour standards in the form of Conventions and Recommendations setting minimum standards of basic labour rights: freedom of association, the right to organize, collective bargaining, abolition of forced labour, equality of opportunity and treatment and other standards addressing conditions across the entire spectrum of work-related issues.
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