The Impact of Training on Performance of Micro and Small Enterprises served by Microfinance Institutions in Tanzania
This study examines differences in business performance between two specific groups of microfinance clients. The enterprises whose owners have received business and entrepreneurship training against those who had never. A survey was conducted and a total of 225 micro and small enterprises where involved. The results indicate that micro credit client enterprises owned by recipients of business training have higher level of assets and sales revenue compared to enterprises owned by non-recipients of training while insignificant differential impact on employment creation was demonstrated. An implication is that, training in business skills for Tanzanian micro and small entrepreneurs is vital for firms’ performance, growth and improved owners’ living standards in addition to credit access.