April 30th, 2025

The 2024 FinAccess Household Survey, the seventh edition, marks a key milestone for Kenya and FSD Kenya. As Kenya advances its development agenda and aligns with global financial inclusion goals, FinAccess provides an important evidence base for market actors to drive meaningful change. FinAccess 2024 also serves as a foundation for FSD Kenya’s strategy design, offering critical insights to shape programming for the next four years as FSD develops its new strategy.

Collaborative effort to drive impact

Led by the Central Bank of Kenya (CBK) in partnership with FSD Kenya and the Kenya National Bureau of Statistics (KNBS), FinAccess 2024 saw increased engagement and financial contributions from key financial sector regulators: the Sacco Societies Regulatory Authority (SASRA); the Insurance Regulatory Authority (IRA); the Capital Markets Authority (CMA); the Retirement Benefit Authority (RBA); and the Kenya Deposit Insurance Corporation(KDIC).

The 2024 survey also attracted financial contributions and active participation from partners such as the Alliance for Financial Inclusion, Safaricom, Equity Bank, the International Fund for Agricultural Development, and UN Women. The strong involvement of UN Women underscored the central role of gender in inclusive finance, and the upcoming FinAccess gender report will further highlight these insights following the successful launch of the main FinAccess Report on 5th December 2024.

The launch was graced by the Cabinet Secretary, The National Treasury and Economic planning and the chief executives of financial sector regulators. Beyond the main report, the partnership will produce sector-specific analyses covering SACCOs, banking, pension, insurance, and county-level insights among other topics. These outputs will provide regulators, policymakers, and private sector players with actionable data to advance inclusive finance and strengthen Kenya’s financial ecosystem.

Strengthening appreciation of FinAccess insights through firsthand engagement

The survey implementation process brought together regulators, policymakers, and private sector players, engaging them from questionnaire design to fieldwork and analysis. FSD Kenya’s staff actively participated during the pilot phase, testing the survey instrument and observing field interviews. These firsthand experiences deepened the team’s understanding of the realities faced by underserved populations, contextualising the challenges and realities they face, ensuring the insights from FinAccess impactfully inform FSD Kenya’s upcoming strategy.

Informing FSD Kenya’s upcoming strategy

As FSD Kenya embarks on designing its next strategy, FinAccess will remain central to shaping priorities and interventions. In 2025, a dedicated team session will further explore the data, further ensuring its integration into FSD’s programming. With sector-specific reports and county analyses forthcoming, the insights will continue to inform other targeted interventions for various stakeholders, from gender-responsive financial policies to innovative market solutions as well as the proposed National Financial Inclusion Strategy (NFIS).

The future of FinAccess and role in achieving SDG’s and vision 2030

The increasing interest from stakeholders highlights FinAccess’ growing value as a tool for driving inclusive finance. As Kenya progresses towards achieving sustainable development and Vision 2030 goals, FinAccess will remain a cornerstone of evidence-based decision-making, equipping policymakers and market players with the insights needed to bridge financial gaps and empower communities.

It is exciting to look forward to further exploration of the FinAccess datasets and anticipate exciting opportunities to strengthen inclusive finance and shape a more equitable financial future for all Kenyans!

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This blog is one of the articles in FSD Kenya’s 2024 annual report. Click here to read the full report (PDF).

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