Clients' Perception of VICOBA Informal Social Security Roles: The Case of Nambis Division in Mbulu District, Tanzania

Abstract

The study sought to establish clients’ perception of Village Community Banks'(VICOBA) informal social security role in the Nambis division of the Mbulu District, Tanzania. The concurrent mixed-method designs were applied concomitantly with stratified and systematic sampling to select 124 clients for the study. The semi-structured questionnaires were used to collect data from 9 VICOBA groups located in 4 wards of the Nambis division. The quantitative data were analysed using the descriptive and Ordinary Least Square (OLS) regression analysis while the qualitative data was analysed using relational content analysis. The findings demonstrated that VICOBA played the informal social security role of prevention and protection, promotion of essential goods and services’ accessibility and fostering of opportunities and potentials positively and significantly. The study recommends the government formulate a policy which recognizes VICOBA’s informal social security functions. This will enable VICOBA to perform their informal social security roles effectively.