Josephat Lotto
Examination of the Status of Financial Inclusion and Its Determinants in Tanzania
Institute of Finance Management
primary motive paper examine determinants financial inclusion tanzania paper borrows data household survey conducted twaweza employing probit regression findings paper reveal gender education age income pertinent factors affect financial inclusion tanzania paper shows following first man financially stable good education relatively older stand better chances financially included results show level education increases individual likely financially included possible reason observation may clearly linked financial ability educated individuals afford holding bank accounts presenting personal guarantees required banks loan application level education goes parallel income level addition results confirm gender gap formal financial inclusion may due factors inability women show collateral poor financial education awareness lower business experience second paper also shows factors affect traditional banking services affecting mobile banking services gender age income education negative trend clear departure customers usage banking retail services mobile financial services although gap narrowed recently best option banking sector create new delivery channels using mobile financial services infrastructure deepen financial access reaching unbanked population paper therefore recommends banks create delivery channels using mobile telecommunication network infrastructure deepen financial access reaching unbanked people rather competing mobile network operators findings paper may also used wakeup call policy makers put emphasis women young people often left behind governments effort toward reaching entire population far financial inclusion concerned