In Kenya, consumers living on less than $2 a day have the option to switch from kerosene to cleaner solar power, made more affordable through financial innovations using mobile money. The nation leads the world in developing mobile money payment systems and in widespread usage, despite Kenya’s extreme poverty, ranking 187 in per-capita GDP. Of the country’s 47 million people, seven in 10 adults (69%) have financial accounts.  In addition to mobile money, financial services are available through a diverse group of providers, including banks, nonbank financial institutions and informal financial groups. Nearly two-thirds of the country is rural, and three-quarters of adults earn at least part of their incomes from agriculture. Whether by enabling consumers to transfer money to relatives in small villages, pay school fees, buy health insurance, or even light their homes using solar power, financial inclusion is helping improve Kenyans’ lives.

Financial Inclusion

Total Financially Included
Financial Inclusion Breakdown By Accounts
Account Ownership By Year
51% of active mobile money account holders have used at least one advanced mobile money function.

Mobile Money

Mobile Money Profile
Digitally Included
Digital Inclusion Breakdown
Use of advanced services stands at 56%, driven by mobile money.


Location of Savings
Use of Cash-Added Services
61% of Kenyan adults are gainfully employed.

True or false

Financial inclusion in Kenya is driven by mobile money.

True (72% of the population uses mobile money)

Which demographic group is most likely to be aware of mobile money, but not use it?

Below the poverty line
Below the poverty line (20%)

Which demographic group is least likely to own a bank account?

A. Rural
B. Below the poverty line
C. Female
D. Male
B. Below the poverty line (12%)

Among the East African countries, which country’s population is the most prepared for digital financial services adoption?

A. Kenya
B. Tanzania
C. Uganda
A. Kenya (About 60% of adults are literate, have phones, and able to send and receive messages)

What percentage of adults borrowed money in 2017?

A. 53%
B. 34%
C. 90%
D. 79%
A. 53%

True or false

Less than 50% of Kenyans are digitally included.

False (73% are digitally included)