Publications
Published on October 1, 2015

Financial capability for well-being: An alternative perspective from the capability approach

Download  
Summary

This report examines the concepts of financial literacy and capability as they are used in developing countries. Financial inclusion is about increasing the set of financial service options available so as to enhance the value of finance. The concept of financial capability seeks to capture the idea that their effective use will lead to improved wellbeing.

This report will present Sen’s capability approach and argue in favour of a well-being perspective on financial capability and inclusion. Additionally, the report considers how this capability-based approach to financial inclusion is in line with a broader perspective on financial decisions and money management evident in research of economic
anthropology and sociology.

You might also like

Finance & fortune

Small “b” biashara

Central Bank of Kenya survey on bank charges and lending rates booklets: 6/1/2008

Quarterly newsletter – issue 13

Stakeholder awareness of the CIS mechanism in Kenya

The search for inclusion in Kenya’s financial landscape: Annex 2 – Demand-side survey