2016 marked the first year of FSD’s strategy for the period 2016 to 2021. The financial landscape in Kenya has evolved in ways far beyong the vision of FSD Kenya at our inception in 2005. Although the long-term goal was to help create a pro-poor financial sector in Kenya, the path to achieving this was far from clear. What is clear today is that access to financial services only represents a milestone, albeit a significant one, on the path to create a pro-poor financial system. As we look ahead, it is now also clear that achieving real impact on poverty through financial market development is far more complex than assumed.
FSD’s new programme builds on the identified needs and opportunities for effective intervention. Our work will focus on creating value through financial inclusion by concentrating on four key areas of market development: long-term policy and research, regulation, industry infrastructure and innovation.