The existence of national strategies that promote financial inclusion are critical to enhancing access to a diverse range of financial products to the unbanked in Kenya, the mandate of the Government to enhance the deepening of financial markets by fostering access, efficiency and stability is captured under Kenya’s Vision 2030.
The Central Bank’s approach to achieving its role under Vision 2030, is centered on the promotion of an enabling legal and regulatory framework that fosters the development of a diverse range of financial service providers, while guaranteeing its dual mandate of financial stability and financial integrity. Central to this objective has been the licensing and regulation of microfinance banks.