Financial graduation feasibility study

April 30th, 2014

This study was commissioned by the Financial Sector Deepening (FSD) Trust in Kenya to examine opportunities to support a financial graduation model, targeting the extremely poor and food insecure who receive cash transfers under the Hunger Safety Net Programme (HSNP). Specifically, the study team proposed to:

(1) Analyse the opportunities and challenges of delivering a market-led financial graduation model in northern Kenya;
(2) Examine the feasibility and viability of taking forward the recommendations of the “Markets and Poverty in Northern Kenya – Towards a Financial Graduation Model” report (Elliott and Fowler, 2012); and
(3) Use findings to consider the feasibility of implementing financial graduation programming by FSD in northern Kenya.


Fitzgibbon, C., Cabot Venton, C. (2014). Financial graduation feasibility study. Nairobi, Kenya: FSD Kenya.




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