Title: Navigating the Financial Landscape: A Qualitative Study on How Education Shapes Financial Inclusion for Women Entrepreneurs in Iringa Municipality, Tanzania
Authors: Subilaga Ikuplika, Dr.Theobald Kipilimba, Prof. Enock Wiketye
Volume: 9
Issue: 10
Pages: 324-338
Publication Date: 2025/10/28
Abstract:
This study examined how education shapes financial inclusion among women entrepreneurs in Iringa Municipality, Tanzania, focusing on two key indicators: manifestations of financial confidence and educational influence on navigational strategies. Using a qualitative approach with a sample of 100 respondents, the study explored sub-indicators such as verbal expressions of self-efficacy, comfort with financial jargon, willingness to initiate contact, problem-solving approaches, use of informal versus formal support systems, and adaptation and tool usage. Findings revealed that education significantly influenced women's ability to engage with and benefit from financial systems. Women with tertiary education exhibited high levels of financial confidence, greater use of formal financial institutions, and frequent application of digital financial tools, while those with primary education relied largely on informal support networks and showed limited confidence in using formal or digital services. Respondents with secondary education often occupied a transitional position, combining informal trust networks with emerging engagement in formal systems. The results underscored that financial inclusion is not only a matter of access but also of capability and confidence, both of which are shaped by educational background. The study concluded that promoting financial literacy, digital skills, and accessible financial education is vital for strengthening women's participation in the formal financial landscape. It recommended tailored financial training programs, simplified service delivery, and collaboration between financial institutions and community networks to foster inclusive financial empowerment. Overall, the study emphasized that education remains a powerful enabler of equitable financial inclusion and sustainable entrepreneurship in Tanzania.