Assessing the Contribution of MKOMBOZI SACCOS Loans to members’ Livelihood at Tanzania Cigarette Company Limited

This study aims at assessing the contribution of MKOMBOZI SACCOS loans to the members’ livelihood at Tanzania Cigarette Company Limited. Specifically, the study explores the contribution of MKOMBOZI SACCOS loans in changing the health of its members, provision of education to the children of MKOMBOZI SACCOS members and providing shelters to its members. This study has surveyed scholarly articles, books and other sources relevant to the contribution of SACCOS to members’ livelihood. This section has offered various theories and an overview of various literatures published on the subject matter. The methodology used to conduct this study was descriptive in nature. The study used purposive sampling method to select 60 respondents from the population of 160 members of MKOMBOZI SACCOS. Primary data was collected by using questionnaires and interviews. Secondary data was collected through the review of the Loan Policy of MKOMBOZI SACCOS. The researcher concludes that loans provided by MKOMBOZI SACCOS helped to improve the livelihood of its members. The participants indicated that they have experienced socio-economic improvement such as the improved health status, quality education for their children and shelter. The study recommends that MKOMBOZI SACCOS should continuously review its policy by reducing the interest rate. This would enable its members to have access to a high amount of loan and hence sustaining the SACCOS