Publications
Published on June 27, 2011

Financial inclusion in Kenya: Survey results and analysis from FinAccess 2009

Download  
FinAccess-2009-Image
Summary

FinAccess 2009 documents a dramatic shift in Kenya’s financial landscape over the two and a half years since the previous survey in 2006. There has been a significant jump in the proportion of formally included (26.3% to 40.5%), mainly driven by the advent of mobile money. A lesser but still impressive contributor to formal inclusion has been the banking sector, which has pushed the banked population up by four percentage points (18.5% to 22.6%). Like Safaricom’s M-PESA which dominates the market for mobile transactions, the increase in bank access is largely due to the driving force of one market player – Equity Bank.

This report addresses these and other findings in more detail through a series of analytical papers by top researchers and academics. Among other things, the papers discuss the impact of formal inclusion on household investment and growth, the complementary role of formal and informal financial institutions and patterns of financial exclusion. The papers contextualise the FinAccess findings in relation to macro-level socio-economic trends in Kenya, as well as patterns of financial inclusion in the continent as a whole.

You might also like
DSC04509

Driving change through technology: The Postbank example

Issue_13

Quarterly newsletter – issue 13

DSC01755

Growth oriented SME’s: Understanding their needs and risks

Screen Shot 2015-09-25 at 10.47.27 AM

2008 Annual report

no-image

Results of study of post-project replication of groups in COSALO I

DSC01395

Central Bank of Kenya survey on bank charges and lending rates booklets: 12/1/2007