Markets and poverty in northern Kenya: Towards a ... - FSD Kenya
Markets and poverty in northern Kenya: Towards a ... - FSD Kenya
Markets and poverty in northern Kenya: Towards a ... - FSD Kenya
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
MARKETS AND POVERTY IN NORTHERN KENYA: TOWARDS A FINANCIAL GRADUATION MODEL<br />
By<br />
Hannah Elliott <strong>and</strong> Ben Fowler<br />
This report was commissioned by <strong>FSD</strong> <strong>Kenya</strong>. The f<strong>in</strong>d<strong>in</strong>gs, <strong>in</strong>terpretations <strong>and</strong> conclusions are those of<br />
the authors <strong>and</strong> do not necessarily represent those of <strong>FSD</strong> <strong>Kenya</strong>, its Trustees <strong>and</strong> partner<br />
development agencies.<br />
<strong>FSD</strong> <strong>Kenya</strong><br />
F<strong>in</strong>ancial Sector Deepen<strong>in</strong>g<br />
The <strong>Kenya</strong> F<strong>in</strong>ancial Sector Deepen<strong>in</strong>g (<strong>FSD</strong>) programme was established <strong>in</strong> early 2005 to support the development of f<strong>in</strong>ancial markets<br />
<strong>in</strong> <strong>Kenya</strong> as a means to stimulate wealth creation <strong>and</strong> reduce <strong>poverty</strong>. Work<strong>in</strong>g <strong>in</strong> partnership with the f<strong>in</strong>ancial services <strong>in</strong>dustry, the<br />
programme’s goal is to exp<strong>and</strong> access to f<strong>in</strong>ancial services among lower <strong>in</strong>come households <strong>and</strong> smaller enterprises. It operates as an<br />
<strong>in</strong>dependent trust under the supervision of professional trustees, KPMG <strong>Kenya</strong>, with policy guidance from a Programme Investment<br />
Committee (PIC). In addition to the Government of <strong>Kenya</strong>, funders <strong>in</strong>clude the UK’s Department for International Development (DFID),<br />
the World Bank, the Swedish International Development Agency (SIDA), Agence Française de Développement (AFD) <strong>and</strong> the Bill <strong>and</strong><br />
Mel<strong>in</strong>da Gates Foundation.<br />
Government of <strong>Kenya</strong> THE WORLD BANK