Towards a sound financial health

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A Safaricom employee displays the M-Pesa money transfer service on a smartphone. FILE PHOTO | AFP

Financial inclusion refers to customers’ opportunities to access financial services for use in meeting various needs.

Data from the 2021 FinAccess Survey indicate that while financial inclusion has more than tripled from 26.7 percent in 2006 to 83.7 percent in 2021, the overall financial health of Kenyans has more than halved since to 17.1 percent in five years to 2021.

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Note: The results are not exact but very close to the actual.