In particular, the ability to save securely would make a difference, as it increases the resilience of the poor to income shocks and may, ultimately, even enable them to invest in a business. Enabling the rural poor to overcome poverty might also stem migration to cities such as Nairobi, ...
Mobile financial services such as M-PESA in Kenya are said to promote inclusion. Yet only 7.6 per cent of the Kenyans in the 2013 Financial Inclusion Insights dataset have ever used an M-PESA account to save for a future purchase. This paper uses a novel, three-step probit analysis to ...