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.
The objectives of FinAccess 2013 were to; (1) provide information to policy makers about the main barriers to access, geographic or socio-economic for instance, providing an impetus for necessary reforms, (2) provide information to the private sector about market opportunities, and in particular insight into the types of products that will suit newly identified, unserved […]
This annex reports more detailed findings from the demand side survey than are contained in the main report. First, the methodology of the survey is explained before proceeding to two further sections. The second section, reports more detailed descriptive data on a service by service basis. It aims to ensure that detailed findings are available […]
Does the rapid adoption of mobile phone based money transfer services (MMT) suggest a tectonic shift in Kenya’s financial landscape and the greater potential for formal sector inclusion – especially in savings or transactions accounts? This report examines the use of MMT within the context of informal and formal financial service use. The study investigated […]
This report examines the use of M-PESA within the wider context of financial service use in Kenya. It argues that the way this service is being used offers evidence of a key feature of the logic of people’s financial transactions: that they are embedded in the give and take nature of inter-personal transfers within social […]
This Annex contains maps displaying financial services usage patterns in Kenya based on the 2009 FinAccess survey. Five maps present spatial variation in estimated usage at a fine scale for the main formal, semi-formal and informal services in Kenya, namely, banks, M-PESA, MFIs, SACCOs and ROSCAs. In additional, visual representations show financial service use in […]
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 […]