This year’s annual lecture will be delivered by Rafe Mazer, a Financial sector specialist at CGAP.
Join us for what we expect will be a stimulating discussion on competition and consumer protection in Kenya’s financial sector.
At 29, Annette is already a widow. When we met her, she lived in a rented house now near a shopping centre along the main road in Vihiga. Her in-laws were never very fond of her, and after her husband’s death they chased her off the land where the two were living.
Duncan was born in the rural community in Vihiga where he still lives today. His father died when he was six years old. His mother struggled to take care of her children alone. Because of that financial pressure, Duncan did not go to high school and instead began working from a young age.
Matthew has been a hustler for as long as he can remember. He did well in primary school and wanted to go on to a good secondary school. But, his mother at home was paralyzed and couldn’t work. His father, he says, “Is just a farmer, you know. He doesn’t take this issue of school seriously.”
Janet and Joseph have been together for 50 years. Janet had been in school up to class seven, when she dropped out, pregnant with their first child. She was eighteen years old. They stayed together at Joseph’s rural home for a few years until he decided to move to Kericho and look for work.
Ernest grew up in a rural area in Kenya’s Central region and help from family enabled him to move to Nairobi for accounting studies in 1998 after finishing high school. He completed Certified Public Accounting training up to section four, but found it hard to get a job. In 2003, he found himself desperate.
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.
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.
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.
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.
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.