FINAL REPORT - FSD Kenya

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8. If you were to use certain institutions to send or receive money, which one would you prefer? Why? 20 • Probe on whether they would open bank accounts if provided with opportunity. • If they keep money on their person, probe how safe it is. • If they use financial institutions or mechanisms to send or receive money, probe on the relative preference on factors such as image, accessibility and quality of service, trust etc. • What features should an account have? (such as running costs, ledger fees, interest, minimum balances, accessibility/outlets) Which are the most important? Closure Thank you your answers and discussion have been very helpful and informative. We are very grateful for the information you have provided. Do you have any questions or suggestions for us? 2.6.3 ANNEX 3: TOOLS USED IN KWALE DISTRICT (A) TOOLS USED Life Cycle Analysis The Life-Cycle Profile seeks to identify the phases of a typical individual’s life-cycle and the key milestones in it. It determines which of the events require lump-sums of cash; to examine the implications of these for household income/expenditure; to establish current coping mechanisms; and then finally to discuss how access to MFI financial services can help the household respond to these. The information gathered can be useful in terms of designing financial product that match the various needs expressed at different milestones during a person’s life-cycle. Cash Mobility Mapping Cash Mobility Mapping was useful in identifying key sources of cash and their uses. The tool also allows for discussion for directions of cash movement and elicits indications of the volumes involved. Time Series of Crisis The time series can be used for both market research and impact assessment. Time series will help the PRA team: • Learn from the community how it views change overtime in various areas related to a series of crisis. • Integrate key changes into the community profile, which will simplify problem identification; and • Begin to organize the range of opportunities for improved financial services delivery. Seasonality of Income, Expenditure, Credit and Savings This tool was used to obtain information on seasonal flows of income, expenditure and demand for credit and savings services. A chart was drawn on a manila paper and participants were asked to place bottle tops to indicate the relative magnitude of income, expenditure, savings and credit variables resulting to an annual seasonality calendar. The calendar gave an insight into the income, expenditure, savings and credit patterns of the communities within the branches. The calendar can be interpreted in terms of financial intermediation needs of the community and their timings. Relative Preference Ranking
This tool was used with potential users of financials services to find out participants perceptions of the financial service providers and components of the Savings/loan products they provide. It was also used to understand people’s pre-conceived notions and attitudes towards financial service providers, what matters to them, and why they have certain preferences. The participants were asked to list all the financial service providers in their area and the elements they considered important when making banking decisions. They were then asked to rank the financial service providers of each element of the financial services they provided by use of bottle tops. Seasonality of Migration This tool was used with potential users of financial services to find out in what seasons migration for casual labour and employment occur in Garissa. 2.6.4 FOCUS GROUP DISCUSSION OUTCOMES i. Focus group discussions with OVC beneficiaries at Bulla Iftin learning communities Point of discussion Discussion Economic activities Retail trade, hawking mirra, charcoal selling, milk vending and barber What are the difficulties you face in taking care of these children? • Lack of food, water – Most water is contaminated after the floods thus they lack clean water for consumption; this has led to an increase in Diarrhea cases, especially in children. Currently there are about 3 cases of deaths in the area (camp) daily. Can’t grow own food because it’s very expensive to farm in this area. Will require fertilizers, water for irrigation etc. • Malaria due to increased mosquitoes. Parents lack nets to cover the children. They are very expensive. • High costs of medical facilities. Even at government hospitals there is cost sharing which is expensive. • Lack of school fees. Especially for secondary education. Meeting costs of other scholastic materials like Uniform, books, etc How have you been able to solve some of these difficulties you face in taking care of these children • • Seek divine intervention through prayers Have resulted to smoking mosquitoes using Mwarubaine leaves. Marubaine is a tree whose leaves when burnt will cause smoke that kill/chases mosquitoes. During this time children are kept out of the house because it’s not good for their health. • Borrowing and taking children to hospital. Some times it’s hard to borrow, as no one is willing to lend money. This has led to deaths of children. • Relatives who are better off are asked for assistance. However this can only be done once. Relatives don’t like repetitive cases. “ukienda kwa Jamaa mara mingi watakuchukia” If you go to relatives many times they will hate you. So it’s a coping mechanism they will not like you to hang on. • Through DCO-OVC support. Initially was KShs500 per month now it’s KShs1,000 per month per child. And only one child is supported in every household. If you were to send or receive money from your relatives or friends who would like to help these children through you, how would you do it? • • Commonly used modes are shopkeepers and buses plying the Nairobi- Garissa route. Though they have heard of a few people using post office, post bank and Hawilaat (an informal system started by tycoons with net works all over the country and beyond for money transfer) Going to the well wishers premises • Through children’s office – OVC 21
Page 1 and 2: FINANCIAL SECTOR DEEPENING, FSD KEN
Page 3 and 4: DEFINITIONS Acronym Definition ASAL
Page 5 and 6: iv. The respondents belonged to two
Page 7 and 8: 5. Cattle are the main source of li
Page 9 and 10: 1 Introduction 1.1 Background SECTI
Page 11 and 12: Table 1.1: Segmentation by Target G
Page 13 and 14: 2 GARISSA DISTRICT 2.1 Background I
Page 15 and 16: Due to the poor roads, there are a
Page 17 and 18: 2.3 What are the Cash Demands and C
Page 19 and 20: iii. Rotating Savings and Credit As
Page 21 and 22: the use of buses, and matatus. In t
Page 23 and 24: • Savings in groups (RoSCAs) whic
Page 25 and 26: 2.6 ANNEXES 2.6.1 ANNEX 1:- RESEARC
Page 27: 2.6.2 ANNEX 2: FOCUS GROUP DISCUSSI
Page 31 and 32: How have you been able to solve som
Page 33 and 34: How do you keep some money aside fo
Page 35 and 36: friends or well wishers who would l
Page 39 and 40: Discussion Point The Discussion Wha
Page 41 and 42: eceive money from your relatives, f
Page 43 and 44: If you were to send or receive mone
Page 47 and 48: ii. Time Series of Crisis with Pote
Page 49 and 50: Explanation Crisis died • 10 year
Page 51 and 52: secondary education, which is very
Page 53: February savings are encouraged so

FINAL REPORT - FSD Kenya

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