Published on July 24, 2019

Inclusive Finance?


Kenya aims to become a middle-income country by 2030, delivering a high quality of life to all. Finance plays a central role in our economy, facilitating trade and underpinning the efficient pooling and allocation of resources and risk. From the perspective of the individual, financial tools can contribute directly to better managing household resources, cushioning shocks and building livelihoods.

FinAccess 2019 is the fifth in a series of national household surveys on access and usage of financial services in Kenya. FinAccess is delivered by a public-private partnership led by the Central Bank of Kenya and the Kenya National Bureau of Statistics, with contributions from non-profit organisations and the private sector. The survey seeks to contribute to market development by providing better information to those who will shape the future of the sector—policymakers and regulators, industry players, analysts and researchers and consumer groups.

The goal of FinAccess is not simply to measure finance inclusion in Kenya, but to provide insights into how finance needs to change. Reflecting our growing appreciation of the complexities of finance and inclusion this year’s survey incorporates new metrics. We look at the role of finance in helping people to meet their livelihood needs. Drawing on the emerging concept of ‘financial health’, a new index has been created to provide a high-level proxy for the impact of finance on people’s wellbeing.

While the main 2019 FinAccess Household Survey was launched in April 2019, this Inclusive Finance report takes a deeper look at the findings in the headline survey, pulling out key questions for consideration in the development of an inclusive financial sector that is economically relevant for the needs of Kenyans.

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