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Gender disparities in financial inclusion: Insights from Tanzania
Author(s) -
Mndolwa Florence D.,
Alhassan Abdul Latif
Publication year - 2020
Publication title -
african development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.654
H-Index - 32
eISSN - 1467-8268
pISSN - 1017-6772
DOI - 10.1111/1467-8268.12462
Subject(s) - financial inclusion , tanzania , inclusion (mineral) , gender mainstreaming , demographic economics , formal education , economics , gender equality , political science , development economics , economic growth , finance , sociology , socioeconomics , financial services , gender studies , pedagogy
This paper examines the status and determinants of gender disparities in financial inclusion using a sample of 4,466 individuals from the Finscope survey in Tanzania. The results provide evidence to support gender disparities in financial inclusion, mostly pronounced in formal savings (21.3%), formal accounts (10.6%) and mobile money accounts (9.4%). This is reflected in 17.1% less likelihood of female ownership of a formal savings account but a 2% higher likelihood to access formal credit. Finally, the paper documents evidence that gender disparities in financial inclusion are explained by lower levels of education, income and over‐dependence of women on men. The findings support gender mainstreaming in other sectors to increase employment and education for women to close the gender gap in financial access.