This week is financial inclusion week, a good moment to take stock of the multibillion dollar ‘fortune at the bottom of the pyramid’ that has been so successfully reaped by the financial inclusion industry.

Natasha is a young woman who has a cake baking business on the outskirts of Nairobi. She has a bank account for her business which she uses intensively. Natasha’s business was doing well and she needed a loan to expand.

The focus on the potential and real risks of digital credit, while commendable, runs the risk of taking our collective eye off the wider credit market, which has a much more significant impact on Kenya’s economy.

A presentation and panel discussion by FSD Kenya on tech-enabled lending in Africa.

Digital credit has become a leading source of credit in Kenya. Who is using digital credit and what impact is it having on low-income customers?

Today, mobile money has managed to penetrate over 70% of the Kenyan population, with more people claiming access to services such as Safaricom’s M-Pesa than ever before.

Up until now studies concerning mobile money and financial inclusion have focused largely on aggregate adoption rates and usage trends. Few have shed light on the ways in which women, men and young adults (men and women ages 18-25), use mobile money differently.