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Microfinance Bank Case Study

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the bank.” However, it was found that a guarantor for a NMB-borrower should not be an employee of NMB. Guarantor act as the security for the loan given just in case the borrower default the loan the guarantor could repay the money either from his/her savings of by liquidating his/her properties. On the other hand, it was said that in case of small amount of loan a borrower could use only a guarantor, without present any collateral, to secure his/her loan. Fredrick and Robert (2013) found out that two major factors considered by microfinance banks in Malawi to grant a borrower microloan were guarantor. This factor is also are the most widely used by the SACCOs in securing their credit facilities even in Tanzania.
Moreover, it was said that one may have kind of collateral and guarantors enquired by the bank but still amount of loan can receive depend on the number of times she/he has received microloans from the bank without default also number of the years she/he has been a saving customers of this bank could be of additional advantages. One of the responded NMB-customers said that “you may have good collateral and reasonable person to …show more content…

Therefore the study wanted to know if NMB-customers have enjoyed the increase of income, equipment, business production and increase of employees’ creation in their business since they started consuming NMB products. Questions were papered in form of short sentences with response mode of 1= very low, 2= low, 3= moderate, 4= high and 5= very high. The questions were aiming at capturing respondents’ opinions concerning with aforementioned variables before and after starting receiving NBM microfinance services. Cross-tabulation with the Chi-Square test was used to find out the extent to which the responded NMB-customers have benefited from business financing loan offered by

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