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Microfinance in Tanzania: the case of VICOBAs (Village Community Banks) on mount Meru
[La microfinance en Tanzanie : le cas des VICOBA (Village Community Banks) sur le mont Meru]

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  • Catherine Baroin

    (TEMPS - Technologie et Ethnologie des Mondes Préhistoriques - UP1 - Université Paris 1 Panthéon-Sorbonne - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

Abstract

In Tanzania, a new way for doing microfinance developed quickly from 2002 onwards. The model was first fostered by the international NGO Care in Niger in 1991 and afterwards spread in several countries, including Tanzania. There, it took the form of Village Community Banks and was named as such: VICOBA. Personal fieldwork in Tanzania, among the Rwa of Mount Meru, gave us the opportunity to observe these VICOBA in 2014 at the local level. By taking an empirical perspective, this article documents the effects of this new form of microfinance at the local level, while at the same time analyzing its strengths and weaknesses. After a brief description of the social structures of the Rwa society (clan organisation, central chieftainship and age groups), we will present the other forms of microfinance available locally. We will then describe the modus operandi of the VICOBA while trying to extract their conditions of success or failure.

Suggested Citation

  • Catherine Baroin, 2019. "Microfinance in Tanzania: the case of VICOBAs (Village Community Banks) on mount Meru [La microfinance en Tanzanie : le cas des VICOBA (Village Community Banks) sur le mont Meru]," Post-Print halshs-03975378, HAL.
    • Handle: RePEc:hal:journl:halshs-03975378
    DOI: 10.4000/anthropodev.846
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03975378
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    References listed on IDEAS

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    1. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
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