This report examines data from Financial Diaries studies conducted in both Kenya and South Africa in 2012 and 2013 to better understand the extent to which low-income consumers are being affected by broad trends towards the digitization of payments: through card payments in an increasingly banked population in South Africa and via mobile money in […]
How do poor Kenyans manage their money? This executive summary synthesizes the key findings of the 2012-13 Kenya Financial Diaires project that looked very closely at the ways in which low-income Kenyans earned, spent, saved, borrowed and invested over the course of a year. The data from the project paint a rich picture of the […]
This short note profiles the savings behavior of “Kevin” – one of the participants of the 2012-13 Kenya Financial Diaries project – and addresses the bigger question of whether and in which cases restricted savings accounts are desirable for people living on little.