Financial Services Outreach in Tanzania: Determinants of Financial Exclusion through a FinScope Lens
Keywords:
financial services, financial exclusion, financial inclusion, Fin scope, outreach
Abstract
Unlike financial services in developed countries it is necessary to investigate the outreach of financial services in developing countries such as Tanzania The study investigated the determinants of financial exclusion using data from Fin scope collected from April to July 2017 with a sample of 9 459 adults aged 16 years and above The study adopted a multinomial logistic regression for Savings and borrowing models Through borrowing model gender marital status education wealth index access to mobile phone financial education payments of utility bills location and individual income are statistically significant influencing borrowing The results from saving model reveal that age gender marital status education wealth index access to mobile phone employed financial education utility payment bills household size location and individual income are the critical factor for saving among adults Finally the study recommends that the government through its respective organs promote and facilitate the investment of financial institutions to the investors who can develop and establish financial services which are sensitive to young people and women who are poor Cell phones are basic infrastructures for financial deepening banks microfinance non-bank payment service and mobile money service providers should use them at the level where every group in the society such as poor people can access and use financial services Provision of financial education in remote rural still vital to creating awareness on the importance of financial service on economic activities thereby attaining inclusive economic growth
Downloads
- Article PDF
- TEI XML Kaleidoscope (download in zip)* (Beta by AI)
- Lens* NISO JATS XML (Beta by AI)
- HTML Kaleidoscope* (Beta by AI)
- DBK XML Kaleidoscope (download in zip)* (Beta by AI)
- LaTeX pdf Kaleidoscope* (Beta by AI)
- EPUB Kaleidoscope* (Beta by AI)
- MD Kaleidoscope* (Beta by AI)
- FO Kaleidoscope* (Beta by AI)
- BIB Kaleidoscope* (Beta by AI)
- LaTeX Kaleidoscope* (Beta by AI)
How to Cite
Published
2019-01-15
Issue
Section
License
Copyright (c) 2019 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.