Financial literacy and agribusiness household wealth among rural agripreneurs in Tanzania
Year: 2026
Type: article
Study design: Observational Study
Abstract: Financial literacy has become increasingly important for agripreneurs whose household economic outcomes depend on informed financial decision-making. This study examined the influence of financial literacy on household wealth among agripreneurs in Meru District, Tanzania. A cross-sectional survey of 384 agripreneurs was conducted, and data were analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM). Financial literacy was operationalised through financial knowledge and financial behaviour, while household wealth was measured through asset ownership, access to financial services, and perceived economic resilience. The results revealed that financial knowledge (β = 0.748, p < 0.001) and financial behaviour (β = 0.512, p < 0.001) significantly and positively predict household wealth. The structural model explained a substantial proportion of variance in household wealth (R² = 0.628), indicating that financial literacy is a key determinant of economic wellbeing among agripreneurial households. The findings highlight the importance of financial literacy in strengthening agribusiness resilience and promoting sustainable rural livelihoods. The study contributes empirical evidence to the growing literature on financial capability in rural economies and recommends targeted financial education initiatives to improve wealth-building capacity among agripreneurs in Tanzania.
Source: Cogent Food & Agriculture
Authors: Kulwa Mang’ana, Herieth Alphonce
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7161998656