Title:
THE EFFECTS OF SAVINGS AND DEPOSITS ON WOMEN ECONOMIC EMPOWERMENT: A REVIEW

Authors:
Deogratius Sangu Manumbu, Tanzania

Abstract:
This study explores the impact of savings and deposit financial services on enhancing women's economic empowerment. The study examines data from the Google Scholar database covering up to 42 studies published between 2000 and 2023 on the relationship between savings and deposits and women-economic well-being. The analysis shows that savings programs, such as communitybased savings groups and formal financial institutions, expanding access to savings and deposit services, alongside financial education, contribute to women's income generation, entrepreneurship, and improvements in household living standards and promote broader social and economic development in Tanzania. The study advocates for implementing policies to increase women's access to financial services as a key strategy for advancing their empowerment.