Kenya: A report on financial inclusion in Kenya released Thursday revealed a disturbing picture. According to the FinAccess National Survey 2013 survey conducted by Financial Sector Deepening (FSD), more than a quarter of the 18.5 million eligible Kenyans are excluded from any form of financial services. Another 1.4 million people singularly rely on shylocks and friends for loans.
But even more unsettling is the fact that more women, youth and inhabitants in rural areas continue to suffer untold exclusion by financial institutions.