Paper
Use and Impact of Savings Services For Poor People in Kenya
Is the demand for savings services being met?
The purpose of this study is to increase the knowledge and understanding of:
- how poor people in Kenya save to meet their various lump sum needs
- how they use different savings services and systems
- the impact of these systems on their households' financial, social and economic management
- savings avenues available to poor people, especially in rural areas, tend to be illiquid
- micro enterprises require savings services for growth and liquidity management, and these needs are being met by MCIs and their linkages with commercial banking institutions
- Kenya boasts the most diversified financial system in the East African region
- the overall objective of regulation and supervision by the Central Bank is to ensure orderly growth, stability and integrity of the financial system
- potential micro-finance institutions have been set up with assistance from external donors to channel financial assistance to micro enterprises denied access to credit from conventional banking institutions
About this Publication
Published
