Why women lead in snapping up loans from digital platforms

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Dar es Salaam. For the first time, women in Tanzania now hold more digital loan accounts than men, cementing their position as the leading borrowers in the country’s fast-growing fintech sector.

According to fresh data from the Bank of Tanzania and Credit Reference Bureaus, the number of digital loan accounts skyrocketed from 32.09 million in 2022 to 193.33 million in 2024.