Our work on the Kenya Financial Diaries made it painfully clear to us that school fees are incredibly expensive for low income families.  The lowest end public schools often ask about KSh 20,000 per year for a single student, when rural household incomes often average around KSh 6,000 per month.

I spent a week in Kenya, courtesy of Financial Sector Deepening, an initiative of a number of aid agencies, including Britain’s Department for International Development, the Swedish government, and the Gates Foundation. 

Last year, I sat huddled with Esther in the back of her dark market stall.  The walls were lined floor to ceiling with second hand bras for sale, leaving only a small space for us to sit and chat.  Esther was coming through a rough few years.  Her husband unexpectedly and quickly died from meningitis.

During his visit for the FSD Kenya 3rd annual lecture, John Kay visited Haki Group, a Self Help Group registered in 2002 but graduated to a Community Based Organization in 2005 to mitigate the effects of HIV/AIDS in Kibera.

Over the past 10 years, FSD Kenya has worked to support the development of financial inclusion in Kenya. In 2015, we launched a series of annual public lectures on financial inclusion.  Our aim is to stimulate debate on this subject and its place in the long-term vision for the financial sector in Kenya.

Just what is finance for?

On Wednesday 8th February 2017, John Kay met with 18 financial sector industry leaders to discuss this question and the future of finance in Kenya.

Diversification of risk, not putting your eggs in one basket, hustling – whichever word or phrase you use, Robert, a boda boda (motorcycle taxi) rider, embodies this spirit.

As we trudged through Kivani Secondary School’s third term student attendance records, one absenteeism after another greeted us. Per our analysis in preparation for Focus Group Discussions (FGDs) with selected parents and guardians at the school, the average student missed about 13% of class time. I didn’t give it much thought then.

This year, the price of a kilo of tea reached a five-year high. Every October, tea farmers in Kenya receive a “tea bonus”; the second lump sum payment for tea delivered to the Kenya Tea Development Authority (KTDA) during the year. The first lump sum, the “mini bonus”, is paid each April.

Meet Najiri: One of the target recipients for FSD Kenya’s new graduation programme.

The sun is bright in Marsabit, the kind of bright that sears anything its rays touch. There isn’t much rain here, most parts of the county are arid.

The telecom sector in Kenya has experienced phenomenal growth over the past decade. Mobile phone penetration has topped 90%, with 78% of Kenyan adults now owning a working mobile phone.

This is the second post in a three-post blog series introducing publications from our recently concluded Kenya Financial Diaries update study, conducted with BFA.

Our third “Field Friday” exercise reveals lessons for formal financial service providers to learn from informal services.

Over the next three weeks, we will be releasing three publications based on findings from the Kenya Financial Diaries Update, a follow up study with the Kenya Financial Diaries households.

While both Kenya and Tanzania registered fast uptake of digital credit, a new study by FSD Kenya and CGAP with almost 8000 individuals found considerable differences as well as similarities in the adoption and use of digital credit in the two countries.

How the use of non-financial services can help bankers deliver effective financing.

Poor communication between entrepreneurs and their bankers is often a stumbling block in the delivery of effective financing for enterprise growth throughout the world. The use of non-financial services (NFS) can help with this.

Can digital innovations replicate the “three-padlock” concept of the money box?

Financial institutions play a key role in enhancing trust in the financial system

Why residents of Kawangware welcome the interest rate cap

To increase access to finance in the agricultural sector, various players have implemented initiatives to help smallholder farmers and pastoralists to access financial solutions. The many initiatives over time have had varying degrees of success.

Exploring the affordability and value of solar home solutions.

Sports gambling is an equal opportunity pleasure

Beyond the immediate rewards of 1) the euphoria of winning small amounts, and 2) the dream of one day hitting the jackpot, other motivations and benefits of participation in gambling include earning side money from sports research, increased social interaction, and, eventually, greater exposure to other features on the internet.