FINANCIAL ACCESS
DEFINITIONS
FORMAL (PRUDENTIAL) - Financial services and products used through prudentially regulated and supervised financial service providers by an independent statutory Government Agency including CBK, CMA, IRA, RBA and SASRA
FORMAL (NON-PRUDENTIAL) - Financial services and products accessed and used through financial service providers/ channels that are subject to non-prudential regulation and supervision (oversight) by Government Ministries/ Departments with focused legislations
FORMAL (REGISTERED) - Financial services and products offered through providers that are legally registered legal persons and/ or operate through some form of Government interventions/ oversight
FORMAL (ALL) - Financial services and products that meet any of the above definitions
INFORMAL - Financial services offered through different forms not subject to registration and regulation but have a relatively well-defined organisational structure
EXCLUDED - Consumers who have financial services and products from social networks or those excluded from any form or financial services and products