While 86 percent of males In Kenya had access to formal financial services in 2019, the share was slightly lower among females, at 80 percent. Besides, some eight percent of Kenyan women accessed informal financial services against only four percent of men. By both males and females, 11 percent were not financially included.
Access to financial services and products in Kenya as of 2019, by gender
According to the source, access to financial services was divided in three categories:
Formal: “Financial services and products offered through providers that are legally registered legal persons and/ or operate through direct Government interventions”;
Informal: “Financial services offered through different forms not subject to regulation, but have a relatively well–defined organizational structure”;
Excluded: “Individuals who reported using financial services and products only through family, friends, neighbors or keep money in secret places or not using any form of financial service”
Furthermore, the source adds the following information:
"In particular, consumer is classified in the formal category if he/she has access to any formal financial service or product. However, the same consumer may also be accessing informal financial services or products. Where a consumer accesses only informal financial services or products, he/she is classified as informally included. A consumer who does not access any financial services or products from any formal or informal categories, he/she is classified as excluded."
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Central Bank of Kenya. (April 1, 2019). Access to financial services and products in Kenya as of 2019, by gender [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1219775/access-to-financial-services-and-products-in-kenya-by-gender/
Central Bank of Kenya. "Access to financial services and products in Kenya as of 2019, by gender." Chart. April 1, 2019. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1219775/access-to-financial-services-and-products-in-kenya-by-gender/
Central Bank of Kenya. (2019). Access to financial services and products in Kenya as of 2019, by gender. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1219775/access-to-financial-services-and-products-in-kenya-by-gender/
Central Bank of Kenya. "Access to Financial Services and Products in Kenya as of 2019, by Gender." Statista, Statista Inc., 1 Apr 2019, https://www.statista.com/statistics/1219775/access-to-financial-services-and-products-in-kenya-by-gender/
Central Bank of Kenya, Access to financial services and products in Kenya as of 2019, by gender Statista, https://www.statista.com/statistics/1219775/access-to-financial-services-and-products-in-kenya-by-gender/ (last visited November 05, 2024)
Access to financial services and products in Kenya as of 2019, by gender [Graph], Central Bank of Kenya, April 1, 2019. [Online]. Available: https://www.statista.com/statistics/1219775/access-to-financial-services-and-products-in-kenya-by-gender/
