Financial Literacy - Tanzania
- Tanzania
- Resources
- Capacity Building
- Financial Literacy
Quick information guide
According to UNESCO, Tanzania has:
- 77.89% of adult literacy
- 83.2% of male literacy; and
- 73.09% female literacy
Tanzania is making progress in the area of adult literacy and laid the groundwork for opportunities in financial literacy:
For businesswomen who want to build their capacity in financial literacy, there are opportunities provided by different organisations in:
- Money control
- Business planning
- capacity building on money use,
- Loan repayment
- Basic financial management
- Budgeting and budget management
- Guiding principles for effective financial management and reporting
- Ethics, internal controls and compliance in financial management
- Methods and practices for effective financial reporting
Opportunities for financial inclusion in Tanzania:
- Digital financial services
- Development of new products and services of particular interest to women
Financial Literacy
An estimate of 42% of women only are likely to borrow from banks compared to 56% of men. This gap in access to capital is attributed to lack of skills in Tanzanian women.
There are other reasons that contribute to this financial inclusion gap including: social norms, low literacy, and numeracy levels. Consequently, women hardly earn enough profit when they do business.
Financial Literacy is needed for women to do business efficiently it would equip them with a range of skills much needed.
Financial literacy services in mainland is temporarily unavailable.