Nancy is a project manager at FSD Kenya where she supports project leads in execution of interventions by leading procurement, risk and budget tracking and results management. She is a key member of the Financial Innovation for the Real Economy (FIRE) and Livelihoods project teams where in addition to her project management role, she is actively engaged in design and implementation of health finance, education and livelihoods interventions. She is a gender enthusiast and keenly involved in FSD Kenya's gender work.
The COVID-19 pandemic has pushed an additional two million Kenyans into poverty. Health shocks are particularly devastating for low-income households, most of which lack access to insurance and hardly save towards such eventualities due to a myriad of competing daily priorities.
In 2016 FSD Kenya branched outside our core financial inclusion remit to embark on a new pilot in Marsabit county where we sought to develop a more holistic approach to economic inclusion. The ambition was to deepen the value of finance in people’s lives, moving beyond financial access and use and investing in building capabilities and market linkages to enable finance to yield stronger impacts on livelihood resilience and growth. Our aim was to reach the extreme poor and especially women, who are not well served by the financial sector.
Health shocks have a debilitating impact, especially on low-income households. Such households often lack access to appropriate finance solutions such as insurance to cushion themselves against the related non-routine income expenditures.
Our third “Field Friday” exercise reveals lessons for formal financial service providers to learn from informal services.
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