Microfinance Accessibility in Tanzanian Slums via Mobile Banking Apps: A Mixed Methods Inquiry into Financial Inclusion and Poverty Reduction

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Hauptverfasser: Msuya, Simba, Nkumbula, Kamali, Chitu, Mwakwere
Format: Recurso digital
Sprache:Englisch
Veröffentlicht: Zenodo 2000
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author Msuya, Simba
Nkumbula, Kamali
Chitu, Mwakwere
author_facet Msuya, Simba
Nkumbula, Kamali
Chitu, Mwakwere
contents <p>Microfinance services have been introduced in various forms to address financial inclusion challenges in developing countries, particularly among marginalized populations like slum dwellers. A mixed methods approach combining quantitative surveys with qualitative interviews was employed to gather data from a sample of 500 participants across four major slums in Dar es Salaam. Mobile banking app usage increased by 38% among surveyed individuals, leading to significant improvements in financial literacy and access to formal credit sources. The findings suggest that mobile banking apps have the potential to enhance microfinance accessibility and contribute to poverty reduction efforts. Policy makers should consider subsidizing or mandating mobile banking app usage for microfinance services, particularly in underserved slum areas.</p>
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publishDate 2000
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spellingShingle Microfinance Accessibility in Tanzanian Slums via Mobile Banking Apps: A Mixed Methods Inquiry into Financial Inclusion and Poverty Reduction
Msuya, Simba
Nkumbula, Kamali
Chitu, Mwakwere
Tanzania
Slums
Microfinance
Financial Inclusion
Mobile Banking
Development Studies
Quantitative Methods
Qualitative Methods
<p>Microfinance services have been introduced in various forms to address financial inclusion challenges in developing countries, particularly among marginalized populations like slum dwellers. A mixed methods approach combining quantitative surveys with qualitative interviews was employed to gather data from a sample of 500 participants across four major slums in Dar es Salaam. Mobile banking app usage increased by 38% among surveyed individuals, leading to significant improvements in financial literacy and access to formal credit sources. The findings suggest that mobile banking apps have the potential to enhance microfinance accessibility and contribute to poverty reduction efforts. Policy makers should consider subsidizing or mandating mobile banking app usage for microfinance services, particularly in underserved slum areas.</p>
title Microfinance Accessibility in Tanzanian Slums via Mobile Banking Apps: A Mixed Methods Inquiry into Financial Inclusion and Poverty Reduction
topic Tanzania
Slums
Microfinance
Financial Inclusion
Mobile Banking
Development Studies
Quantitative Methods
Qualitative Methods
url https://doi.org/10.5281/zenodo.18722310