This report presents an overview of the work we’ve been involved with during the year.

In September 2011, FSD Kenya conducted a short study of savings groups created under the Community Savings and Loans (COSALO I) project, funded by FSD and implemented by CARE International in Kenya.

In this, our 2012 annual report to stakeholders, we give an overview of our perspective of market developments and summarise the various activities in which we’ve been involved over the year.

This report summarises our views on the developments in the market over 2011 and describes the activities in which we’ve been involved.