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<p>This study examines how psychological traits, specifically self-control, optimism, and deliberative thinking, influence loan repayment among Tanzanian microfinance borrowers. Traditional borrower assessments often neglect psychological traits that can drive repayment behavior. Drawing on the Theory of Planned Behavior (TPB), these traits are conceptualized as key determinants of loan repayment behavior. A survey of 900 microfinance clients was conducted in three major Tanzanian cities, and data were analyzed using partial least squares structural equation modelling (PLS-SEM). The findings reveal that self-control, optimism, and deliberative thinking exert positive and significant effects on loan repayment behavior. These findings contribute to the Theory of Planned Behavior [1] by integrating psychological traits within a Tanzanian microfinance context in explaining loan repayment behavior, thus supporting the ability of the borrowers to meet loan repayment. Practically, the findings inform the policymakers and MFIs on the borrower assessments and intervention design required to improve loan repayment behavior. The study recommends incorporating behavioral screening mechanisms into microfinance services to better identify borrowers’ repayment tendencies, hence supporting the long-term financial sustainability of microfinance institutions.</p>

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Psychological traits and loan repayment behaviors among microfinance borrowers in Tanzania

  • 期刊论文

  • 出版模式：

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  • 发表日期：

    2026年5月30日

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  • Pendo Shukrani Kasoga,
  • Amani Gration Tegambwage

摘要

This study examines how psychological traits, specifically self-control, optimism, and deliberative thinking, influence loan repayment among Tanzanian microfinance borrowers. Traditional borrower assessments often neglect psychological traits that can drive repayment behavior. Drawing on the Theory of Planned Behavior (TPB), these traits are conceptualized as key determinants of loan repayment behavior. A survey of 900 microfinance clients was conducted in three major Tanzanian cities, and data were analyzed using partial least squares structural equation modelling (PLS-SEM). The findings reveal that self-control, optimism, and deliberative thinking exert positive and significant effects on loan repayment behavior. These findings contribute to the Theory of Planned Behavior [1] by integrating psychological traits within a Tanzanian microfinance context in explaining loan repayment behavior, thus supporting the ability of the borrowers to meet loan repayment. Practically, the findings inform the policymakers and MFIs on the borrower assessments and intervention design required to improve loan repayment behavior. The study recommends incorporating behavioral screening mechanisms into microfinance services to better identify borrowers’ repayment tendencies, hence supporting the long-term financial sustainability of microfinance institutions.