Peer learning key to financial literacy at BoP

Jane* a 36 year old mother of two lives in a rural town in Central Kenya on an eighth of an acre.  She farms coffee beans for sale.  Depending with the season, she plants either maize, beans or potatoes just enough for consumption at home.  She also does casual jobs in the neighbourhood where the […]

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The lure of consumer debt for the young working class

A few years ago, most of us had ‘informal creditors’ amongst our friends.  These were people we would call at odd hours for ‘Mpesa’ and in five minutes they would send the cash.  No judgement or questions on why you need the money and due to mutual respect, they would not soil your reputation by […]

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Effect of low interest rates to the young working class

  We were all in a celebratory mood when the CBK governor announced the capping of interest rates for banks.  Some of us (bankers) in hushed tones due to the definite conflict of interest.  I was working for a local bank and we mourned that decision for days!  How could we meet our targets bearing […]

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