Financial services, social networks and financial practices: investigating use and impact
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Financial Services, Social Networks and Financial Practices (PDF)
Principal Investigator
Policy Theme
Funders
Financial Sector Deepening Trust, Kenya
Project dates
01.10.12-01.02.13
Research Centre
Centre for Development Studies
Partner
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This is the first part of a project which investigates the range of types of resource transfers (cash, mobile money, in-kind) and the social networks and relationships within which they operate in Kenya. This project aims to deepen insights gained in an earlier project into the Financial Landscape in Kenya which found that the rapid uptake of mobile money transfer services in Kenya was in part because it seamlessly facilitated resource transfers within social networks going beyond the basic rationale that it had been used for domestic remittances in an economy with significant urban migration. This part of the project uses qualitative interviews to examine respondent’s social networks and the resource transfers that they undertake.
The objective of investigating these transfers is to better understand the way in which such transfers operate as informal financial mechanisms and hence how they relate to the demand for financial services and their implications for financial inclusion initiatives.
