The Role of Financial Access Awareness on Financial Access Ability among Trainees of Vocational Education and Training in Tanzania
Main Article Content
Abstract
The current study examined the role of financial access awareness on financial access ability
among trainees of Vocational Education and Training (VET) in Tanzania. The study was
conducted in Kibaha VET college focusing on VET trainees, and employed a parallel convergent
mixed research design. A convenience sampling technique was used to obtain 242 last-year VET
trainees while a snowball sampling technique was used to obtain 10 VET graduates. Data were
collected through semi-structured interviews and questionnaires. Descriptive and inferential
statistics were used to analyse data collected through questionnaires while data collected through
semi-structured interviews were analysed thematically. The findings indicated that most VET
trainees depended much on classroom lectures as means of promoting their financial access
awareness, followed by social media, peers and business people near home or college
environment. Other means like conferences, seminars, visiting guests and reading written
materials were rarely used. Moreover, it was found that most VET trainees had a low level of
financial access awareness from difference financial sources as the mean values of examined items
ranged between 2.6 and 3.06 except for banks with at least a moderate level of 2.4 mean value.
Also, the study found a strong, positive correlation between financial access awareness and
financial access ability [r=.95, n=242, p<.0005].
Article Details
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