Everyone needs a to succeed in the long run of his operations, this is true also in business to the extent that profit as the final result of any business it must be attracted by a reliable and cost-effective solution that realises the power of investment and lead to effective return circumstances that makes it attainable. This is in light of the fact that business nowadays is the key to many people compared to the past days, the number of people engaging and engaged in business is increasing day by day and this comes with no option but to push the expansion of the Microfinance sector and SACCOs to occupy the largest number of people. The reason why many SACCOs and Microfinance institutions are being established apparently in Tanzania and worldwide.
A Partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations in other words, it is a form of business operation between two or more individuals who share management and profits. A partnership can also be defined as a collaborative relationship between organizations. Therefore, a partnership can serve as a learning mechanism that teaches you to be better at what you do and enables you to achieve your organizational goals. In its most ideal form, a relationship means that you two have entered a partnership. It means that you both work things out between the two of you as a team, even when you don't agree with one another. It means that you never have to worry about a serious betrayal because you're both working toward the same goal.
SACCOs-Microfinance sector is a financial sector that aims at lifting the lives of the people in the communities who believe in small savings which make them important and special financial institutions include accessibility to all areas, flexibility and is not complicated due to the fact that they have been established by people themselves and encourage saving from its members.
A business sector that is devoted toward fighting global poverty such as SACCOs-Microfinance Sector in Tanzania deserves a special attention from the actor’s regulators and targeted groups so that it is easy and possible to tackle the challenges arising from that sector. The matter of fact is under SACCOs-Microfinance sector a mass umber of people especially those from the local communities, have managed to handle their financial challenges so far and are proceeding to. This is because this sector touches the lives of the communities from the root of financial saving to financial freedom and management.