Drawing from the latest FinAccess household survey, this graph explores the relationship between how widely used a particular financial instrument is among Kenya’s poorest 40% and how highly valued that financial instrument is to its users. The big four: Mobile money, savings with a ROSCA or ASCA, secret cash savings at home and credit from the […]
While Safaricom’s M-PESA platform stole the spotlight for being one of the world’s most transformative financial services, a somewhat hushed storm is infusing in the world of API’s in Kenya since Safaricom’s September-2015 announcement that they have opened up their APIs to the public. APIs are the set of procedures, rules, and tools that stipulate how […]
Mr. Daniel Tallam, Assistant Director of the Financial Stability and Access Division at the Central Bank of Kenya (CBK) and Dr. Amrik Heyer presented the findings of the 2016 FinAccess household survey at a launch attended by over 230 policymakers, industry players, academics and development partners. The occasion was graced by Sheila M’Mbijjiwe, Deputy Governor […]
A major gap in the ability of formal financial services to deliver value for low-income families is a general lack of information and understanding of their preferences, behaviours and needs. To address this gap, FSD Kenya in partnership with BFA and Digital Divide Data undertook a Financial Diaries study between 2012 and 2013. The Kenya Financial Diaries tracked […]
This short note profiles how Carol – one of the participants in the 2012-13 Kenya Financial Diaries project – manages to leverage her average monthly income of Ksh 4000 into a permanent home for her family.