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Publications

Impact evaluation of FSD Kenya’s savings groups project

FSD Kenya commissioned Oxford Policy Management (OPM) to conduct an in-depth impact assessment of their savings groups programmes which were undertaken in collaboration with two international non-governmental organisations, CARE and Catholic Relief Services (CRS).

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Publications

Brief: Impact evaluation of FSD Kenya’s savings group project

FSD Kenya invested substantially in supporting savings groups (SGs) based on the hypothesis that these kinds of informal services are more accessible to underserved markets.

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Publications

Creating value through financial inclusion

2016 marked the first year of FSD’s strategy for the period 2016 to 2021. The financial landscape in Kenya has evolved in ways far beyong the vision of FSD Kenya at our inception in 2005.

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Publications

The price of being banked

This report outlines the findings from a two-year study by FSD Kenya to understand the costs for banking services in Kenya. Two rounds of mystery shopping surveys were completed in October and November of 2015 and 2016
to build a database and measure the costs for basic bundles of transactions such as opening, running and closing bank accounts.

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Publications

The impact of financial services associations

Financial services associations (FSAs) are rural community-level member based semi-informal financial institutions, that are a hybrid of savings and credit cooperative organizations (SACCOs) and microfinance institutions (MFIs).

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Annual reports

2016 Annual report

The report gives an overview of FSD Kenya’s proposed programme of activities and major issues surrounding financial inclusion during 2016 and highlights of our initiatives.

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Payments

Reducing Costs and Scaling Up UK to Africa Remittances Through Technology

Sending money to Africa is more expensive than anywhere else in the world, according to new research due to be published at this week’s Global Remittance Conference in New York. The report argues that existing technology – like regional automated clearing houses, remittance payment processing hubs and aggregators – could all make sending money from the UK to Africa much, much cheaper.

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Publications

Hiring in Kenya

Across Africa, business leaders increasingly point to the importance of attracting and retaining top talent to compete and win in the marketplace. In Kenya especially, organizations struggle to recruit efficiently and effectively when they post a job online, they are often inundated with a high volume of applications from mostly low-quality candidates, and picking candidates feels like a subjective process prone to bias and inconsistency.

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Publications

Graduation pilot: Market assessment and IGA modeling

FSD Kenya and CARE Kenya jointly designed a project for implementation in Laisamis, Marsabit county, applying the graduation approach. The objective of the project is to test use of market based approaches to building the livelihoods of poor households.

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Publications

The true size of agent networks in leading digital finance countries

This paper lays out a framework for measuring access to digital financial services (DFS) provided via cash-in/cash-out agent networks in an ecosystem.

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Publications

The 2nd FSD Kenya annual lecture on financial inclusion

Rafe Mazer was the speaker at the 2nd FSD Kenya annual lecture on financial inclusion. His presentation shared how we can develop our own “test and learn” – the way in which financial service providers and regulators collaborate to allow for new solutions – for consumer protection.

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Publications

The long-run poverty and gender impacts of mobile money

The research is based on a long-term series of five surveys undertaken on M-Pesa in Kenya supported by FSD Kenya and the Bill and Melinda Gates Foundation.

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Publications

The increasingly crowded savannah

Policymakers, academics, industry players, donors and other stakeholders gathered at the Crowne Plaza Hotel on Thursday 8th December for the 2nd FSD Kenya annual lecture on financial inclusion.

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Publications

Testing SME banking in Kenya – a mystery shopping exercise

The financial services sector’s attitude towards small and medium sized enterprises (SMEs), is changing. SMEs form a significant part of the potential finance market in most countries, including Kenya.

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Publications

The Growth of M-Shwari in Kenya – A Market Development Story

M-Shwari (meaning ‘calm’ in Kiswahili) is a combined savings and loans product launched through a collabo­ration between the Commercial Bank of Africa (CBA) and Safaricom.

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Publications

Understanding how Kenyan entrepreneurs grow and finance their businesses

One of the key reasons why banks are challenged in serving SMEs appropriately, is that they lack an understanding of the evolving needs of fast growing SMEs.

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Consumer insights

Finance & fortune

How exactly do financial services impact low income Kenyans? In this note, we extract the stories of eight respondent households from the Financial Diaries.

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Consumer insights

Small “b” biashara

Self-employment is a major source of income for low income Kenyans, and Financial Diaries respondents are no exception. When we talked to respondents in 2015, two years after the close of the original Diaries, those whose economic lives were improving pointed to business returns as one of the main drivers of their success.

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Credit market development

Towards positive selection in the Kenyan credit market

Credit information sharing arrangements (‘CIS’) have emerged worldwide as an effective mechanism to improve access to credit by reducing information asymmetry between borrowers and lenders and improving the quality of credit assessments made by lenders. Since 2009, Credit Information Sharing Association of Kenya (‘CIS Kenya’) has been developing the system of credit information sharing in Kenya.

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Consumer insights

Trickling down & climbing up

In late 2015, we followed up with Financial Diaries households to check in on their economic lives two years after the initial Diaries study ended. We wanted to know how they are doing now, the factors driving changes in their economic lives, and the role that financial services and financial choices were playing in their economic trajectories.

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Publications

A buck short: What Financial Diaries tell us about building financial services that matter to low-income women

This report draws on Financial Diaries data from India, Kenya, and Mexico to enhance the field’s understanding of women’s financial lives, and to highlight provider-led opportunities to better serve this important market segment.

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Credit market development

Credit on the cusp: Strengthening credit markets for upward mobility in Africa

Enthusiasm around the once-popular “Africa Rising” narrative is abating in the face of slower-than-expected growth, macro volatility deriving from continued reliance on raw material exports in many countries, and the reality of persistently high inequality.

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Credit market development

Living on the cusp

23% of sub-Saharan Africans are living in “cusper” households that get by on $2-$5 per person per day. This map shows their total percentage per country (relative to the overall country population) and size in millions

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Digital finance

API best practices

Beneath the surface of many of the disruptive applications we use everyday is a growing web of APIs – application program interfaces that enable applications to “talk” to one another.

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Publications

Human centered design Africa toolkit

This toolkit has been designed to help you generate solutions in many different fields of interest, from agriculture, to manufacturing, to banking and new technology.

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Government and regulators

FSD Kenya: Ten years of a market systems approach in the Kenyan finance market

Kenya is seen widely as a ‘stand out’ success story on financial inclusion. The ten-year period from 2005 to 2015 witnessed enormous change in the financial sector.

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Annual reports

2015 Annual report

This reports gives an overview of the major issues surrounding financial inclusion during 2015 and highlights 10 of our initiatives.

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