November 16th, 2022

Financial Health has achieved increasing prominence as a measure of financial inclusion outcomes in Kenya and globally. Based on global measurement frameworks, the Kenya Financial Health Index was developed in 2016 to track the outcomes of financial inclusion for people’s well-being.

The index was originally developed by FSD Kenya, and subsequently embedded in the FinAccess surveys run in partnership by the Central Bank of Kenya, Kenya National Bureau of Statistics and FSD Kenya.

Financial Health has declined sharply between 2016 and 2021, in stark contrast with Kenya’s rising trends in financial access. Kenya’s declining trend has given rise to debates in policy and industry circles on drivers and policy implications of Kenya’s declining financial health.

A major convening was held in October 2022 hosted by FSD Kenya in partnership with the Central Bank and Kenya National Bureau of Statistics, involving local stakeholders and global experts. The convening aimed to deepen understanding of the Kenya Financial Health Index and its relationship to global frameworks and local context; discuss potential revisions to maximise the robustness and relevance of the index; discuss applications of financial health for policy and industry.

State of Financial Health in Kenya:  Drivers of Kenya’s declining financial health

How are financial services improving the financial health of Kenyan adults?

How are financial services improving the financial health of Kenyan adults?

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Kenya Financial Health Index

Blog: Building a better compass: Creating financial inclusion measures that are allied with people and their well-being, Part 1

Blog: Building a better compass: Creating financial inclusion measures that are allied with people and their well-being, Part 2

Kenya multidimensional financial health index measurement framework.

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Financial health in Kenya and globally

Strengthening Resilience: Inclusive Finance in Kenya (2020)

The Prevalence and Drivers of Financial Resilience: Evidence from the Global Findex (2020)

Weathering the COVID-19 Storm: How will Kenyans Cope? (2020)

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Kenya Financial Health Workshop, October 2022

Financial health in Kenya – The policy issues

Financial Health Policy Issues – Samuel Kiemo (PDF presentation)

Review of the Kenya Financial Health index

Review of the Kenya Financial Health Index, Paul Gubbins

Global overview and origins of financial health

Global Developments in Financial Health Measurement, Elizabeth Rhyne. 

Presentation and discussion of qualitative data on financial health in Kenya by Carol Matiko

Financial Health- A qualitative exploration – Carol Matiko (PDF presentation)

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