Rural Financial Services in Kenya: What is Working and Why?
Mar 19, 2007 | B. Kibaara | FAO, Ford Foundation, IFAD
In the late 1990’s, most mainstream commercial banks closed down the rural branches in order to cut costs and improve profits. Since then, a number of non-traditional financial institutions have emerged to fill the gap created by the mainstream banks which locked out low income and irregular earners. The study looks at the emerging and innovative rural finance models in rural Kenya.