Authors: Mkanibwa Magoti Ngoboka (Ruaha Catholic University, Tanzania), Deus Ngaruko (Open University of Tanzania) and Gwahula Raphael (Open University of Tanzania)
Abstract: This study sought to establish the effect of microfinance training on the performance of women owned businesses in Tanzania, using the quantitative approach. A structured questionnaire was formulated and used to collect data for statistical analysis. The study population was women who owned businesses in Iringa Municipality, where simple random sampling was used to pick a sample of 247 from the targeted population. A pilot study was conducted prior to the main survey to ensure the quality of data collection tools. The study, using the regression analysis, revealed that microfinance training has a significant influence on the performance of women owned businesses. The study recommends that women who own businesses should engage into various forms of training to gain marketing skills for them to perform better in their businesses. The study recommends that the government should attract stakeholders, such as Non- Governmental Organizations to empower women through capacity building, in terms of financial skills, communication skills and managerial skills.