Digital Financial Services Adoption and Economic Benefits Among Rural Senegalese Farmers in Tanzania: A Two-Year Analysis
Key Points
This research aims to evaluate the impact of digital financial services on the economic outcomes of rural Senegalese farmers in Tanzania.
Mixed-methods approach combining qualitative interviews and quantitative data analysis
Data collection on DFS usage among rural farmers
Comparison of income changes between DFS adopters and non-adopters
DFS adoption reached 42% among respondents
Farm incomes increased by 15% for adopters compared to non-adopters
Significant economic improvements observed particularly for those with limited education and credit histories
Abstract
Digital financial services (DFS) offer potential economic benefits to rural farmers by improving access to credit, insurance, and market information. A mixed-methods approach combining qualitative interviews with quantitative data on DFS usage and farmer income changes. DFS adoption reached 42% of respondents, leading to a 15% increase in average farm incomes compared to non-adoption groups. Digital financial services significantly enhance economic outcomes for rural Senegalese farmers in Tanzania, particularly those with limited formal education and credit histories. Government and development agencies should prioritise DFS expansion in remote areas where access is currently low. Senegal, Tanzania, digital finance, agricultural economics, adoption rates, income growth