Influence of Financial Literacy on Micro-Credit Accessibility Among Rural Households in Tanzania

Purpose: Microcredits will remain crucial to rural households over a long period as they provide small loans the needy, making it an essential aspect of finance. Due credit market's structure and financial inclusion problem, often have trouble accessing microcredit. This paper analyzes influence literacy (FL) on microcredit accessibility in Tanzania. Methodology: Using large dataset Finscope survey Tanzania, binary logit estimation technique was utilized determine decisions households. In addition, descriptive analysis done from selected sample. Findings: Generally, showed that had negative significant effect micro-credit decision Education level has positive attaining decisions. Practical implication: The outcome this research is helpful policymakers institutions insight into accessibility. study recommends programmes be established areas enlighten citizens about benefit proper uses borrowed money. Originality/Value: used actual surveyed data Tanzanians all regions. results are robust different categories control variables can also affect