The push for financial inclusion is entrenched in Government of Kenya’s Development Blueprint, Vision 2030 and lies at the core of the Central Bank of Kenya’s strategic actions towards implementing this Vision. It is in this regard that the Central Bank, together with market players, has embraced several initiatives and reforms aimed at enhancing the level of financial inclusion.
These include licensing of deposit taking microfinance institutions (DTMs) and credit reference bureaus (CRBs); introduction of shariah compliant banking products, mobile phone money transfer services and the agency banking model. These measures and new institutions help in completing the financial infrastructure picture in Kenya that reflects its market structures as well.