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Analysis for the Q & A session of the launch

Analysis for the Q & A session of the launch. FinScope 2009. Access and income. Access Strand by personal monthly income brackets. Access Strand by personal monthly income brackets. Transition zone. Areas of finance about which people would like to be educated or informed.

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Analysis for the Q & A session of the launch

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  1. Analysis for the Q & A session of the launch FinScope 2009

  2. Access and income

  3. Access Strand by personal monthly income brackets

  4. Access Strand by personal monthly income brackets

  5. Transition zone

  6. Areas of finance about which people would like to be educated or informed

  7. Over 60% of the adult population wants to be educated or informed about…

  8. Financial education wanted As you will see from the following slide, there is a high level of demand for financial education across the board. By examining various segments in the Access Strand we can observe the different patterns of need.

  9. Analysis by Access Strand Important to understand the priority of needs by the various segments of the Access Strand. Following slides indicate the information needs in order of importance, for the various segments of the Access Strand. Data represents a chi-squared analysis and significance ranking of the variables.

  10. Financially excluded How to be able to save more How to open a bank account None of the above How to use an ATM

  11. Informally included How to open a bank account How to manage your money effectively How to be able to save more How to send and receive money via mobile phone

  12. Semi-formally included How to use an ATM Insuring/covering your life Understanding charges/fees How interest rates work Insuring/covering your assets What fees may be applied to loans Calculate loan amount and repayments How to apply for a loan How to open a bank account How to send and receive money via mobile phone How to manage your money effectively

  13. Formally included How interest rates work How to better understand products Understanding charges/fees What fees may be applied to loans Insuring/covering your assets Insuring/covering your life

  14. Financial education wanted How to be able to save more 85% How to open a bank account 79% How to manage your money effectively 77% How to apply for a loan 74% Insuring/covering your life 73% Understanding charges/fees 71% How to understand products better 71% Calculate loan amount and repayments 70% How to send and receive money via mobile phone 68% How interest rates work 68% How to use an ATM 66% Insuring/covering your assets 66% What fees may be applied to loans 62%

  15. Predominant roofing material

  16. Predominantmaterial used for walls

  17. Predominant flooring material

  18. Toilet facility

  19. How often did people go without food in the past year

  20. Banking statements of 1.9 million account holders

  21. Banking statements of 1.9 million account holders

  22. Banking statements of 1.9 million account holders

  23. Financial perceptions of the adult population

  24. Financial perceptions l

  25. Financial perceptions II

  26. Financial perceptions III

  27. Financial perception III

  28. Access frontiers SACCOS or bank saving

  29. Reasons for not saving at SACCOS or bank

  30. Access Frontiers Informal Saving

  31. Reasons for not belonging to an Informal Group

  32. Currently using 4 765 182 21% Economic Barriers 5 871 290 Market redistribution zone Trust Cost Knowledge and Trust Total market Adult Population 22 349 432 3 884 196 Knowledge and Literacy Barriers Market development zone 4 662 167 Don’t want or too time consuming Barriers Not using 17 584 250 79% 5 670 972 Use other products Barriers Market 267 224 Market enablement zone Self Disqualification Barriers Access Frontier in Tanzania for Informal Savings Groups 166 533

  33. KIGOMA Addressing the anomalies in the financial penetration

  34. Urban versus rural split Kigoma is significantly more rural than the national average Conventional wisdom would say that the access to financial services should be more limited

  35. Gender split Kigoma has a significantly higher male population compared to the national average. Traditionally more males than females have access to finance

  36. Comparison: headline Access Strand Kigoma versus total Tanzania Slightly more formal than national average (only 3% and perhaps not scientifically significantly different) 5% more semi formal included than national average 21% more informally included than national average Therefore significantly fewer excluded than national average

  37. Comparison: detailed Access Strand Kigoma versus total Tanzania There is a significantly greater penetration of informal product usage compared to the national average

  38. Banking status

  39. Working for a salary is one of the biggest drivers of access to banking There are skews in the aspects of working full time for a salary in Kigoma Also for working part-time for a salary

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