METHODOLOGY
SURVEY OBJECTIVES
The main objective of the FinAccess Surveys is to monitor developments and progress achieved in the sector, in order for policy makers and industry players to gain a better understanding of the inclusivity and overall dynamics of Kenya’s financial landscape. Expected output from the survey includes:
Enhance financial inclusion measurement using demand–side data
Provide indicators that track progress and dynamics of the financial inclusion landscape
Support evidence-based decisions, strategies and policies
Provide data to stakeholders including policy– makers, public and private sector actors; and researchers
Enable inter-country comparisons on financial inclusion
SURVEY DESIGN
The survey instrument (questionnaire) was prepared by a team of experts under the Questionnaire Technical Committee (QTC), drawn from CBK, KNBS and FSD- Kenya. Among the improvements in the 2021 survey, were the inclusion of indicators capturing; digital innovations, consumer protection, financial literacy, and household indebtedness. The survey design also incorporated indicators to capture needs-based framework and maintained time series of key variables to track progress made in the financial inclusion space since 2006.
SURVEY SAMPLE
The survey had a total of 50 study domains: National, Rural and Urban, and 47 Counties
The sample size for the survey was 30,600 households
It utilized the newly created Kenya Household Master Sample Frame (K-HMSF)
The frame is based on the 2019 Kenya Population and Housing Census data
The survey achieved an overall response rate of 85.6 percent
SURVEY DEMOGRAPHICS AND RESPONSE RATES
RURAL URBAN TOTAL
HOUSEHOLDS SELECTED 18,774 11,826 30,600
HOUSEDHOLDS ELIGIBLE 16,316 9,408 25,724
HOUSEHOLDS INTERVIEWED 14,555 7,569 22,024
RESPONSE RATES 88.6% 80.5% 85.6%