in the 21st Century

234 Kenya’s Financial Transformation in the 21st Century
Respondent 42
A 31 year-old male from the Laini Saba area of Nairobi, Respondent 42 has
three formal bank accounts with transactions and savings functionality and
uses both formal banking (monthly) and mobile money (weekly) regularly.
Respondent 42 does not have any lending or insurance products, and does
not engage in informal financial services. No single constraint stands out for
this respondent, although the numeracy score is low.
7
Financial Inclusion Profile
Respondent 42 − Highly Formal and Mobile
6
No. of Products
5
4
3
Daily
Weekly
Frequency of Usage
Aspirational Line
of Inclusion
2
1
Monthly
Once/twice yearly
Irregularly
0
# formal # informal # saving # insurance # transaction # lending Mobile
Financial Constraints Profile: Respondent 42
Natural Log of Ratio (high=good)
Time to bank/agent (low=good)
0 1 2 3 4 5 6 7
Ratio: Gross Income to
Banking Cost(ln)
0 1 2 3 4
Time to Bank
Branch/Agent
Score out of 2 in basic test (high=good)
Cost category (low=good)
0 1 2 3 4 5 6 7
0 1 2
Numeracy
Score
Cost to Reach Bank
Branch/Agent
Familarity with financial terms (high=good)
0 2 4 6 8 10 12 14
Financial Sector
Knowledge Score