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The results were launched on 25th January 2007.
To view and download summarised results from the
FinaAccess study
Click here.... |
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view and download speeches and presentations
made during the launch.
Click here.... |
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Background
There is widespread agreement among stakeholders in Kenya that
there is a serious problem of constrained access to financial
services among lower income and rural households and smaller
scale enterprise. Considerable efforts have been devoted to
addressing this problem which impacts directly on the
livelihoods of poorer people and economic growth. Despite a
consensus that there is a constraint, no reliable data has
been available to indicate the extent of the challenge faced
and any means of measuring progress made by government, the
financial services industry and development partners in
addressing it. Following a stakeholder workshop involving
players from across industry and government, a public-private
partnership, The Financial Access Partnership (FAP) was formed
to guide the work on behalf of the sector. The FAP determined
the immediate priority to conduct a household survey to
establish levels of access to financial services by Kenyans
across the country.
The survey aimed to be completely inclusive of the financial
industry in Kenya. For this reason the study areas covered all
providers of financial services including the major
institutions, banks and finance companies, SACCOs,
micro-finance institutions, insurance companies, pension funds
together with the more informal and less immediate obvious
sources such ROSCAs, informal lenders (‘loan sharks’),
employers, NGOs, friends and family.
Objectives
The objectives of the survey were:
- To measure access and
demand for financial services in a nationally representative
survey, not specifically focusing on the poor. This will
help to develop a sense of the market continuum, and
increase understanding of the zones of transition, eg
between the currently banked and the bankable
- To contribute to the
development of a comprehensive understanding of the
landscape of financial service in Kenya by making the
results widely available to stakeholders and service
providers
- To encourage institutions
to develop new markets to target emerging groups of clients
profitably
- To provide a benchmark
measure of effective access to financial services that can
be monitored over time and be used to evaluate the effect of
various government-led and donor-led initiatives to deepen
access
Results
The results were launched on 25th January 2007. A summary of the results as
released can be
found here.
Click here to view/download speeches and presentation made
during the launch. |
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