This will make an interesting discussion on your blog.
I got news that we have about 1,800,000 bank accounts in Tanzania, meaning less than 5% of the population is banked.
What conclusions can be drawn from this information?
- The unbanked are too poor to leave money in banks?
- They lack basic finance literacy?
- Existing banks are not aggressive enough in conquering the market (fewer branches, limited marketing initiatives, bank products out of touch with needs of the unbanked, ...)
... what else?
Many thank yous Mdau Mboma for this discussion topic!