Determinants of financial inclusion in sub-Saharan Africa
Date
2021
Authors
Odhiambo, Trevor Ooko
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Financial exclusion is the lack of access by clients to appropriate low cost, fair and safe
financial products and services. Leyshon and Thrift explained it as the processes that are in
place to prevent individuals or a section of individuals from gaining access to the formal
financial system. Individuals being excluded from banking services generate negative socioeconomic
consequences for economies (Levine, 1993). Defining financial exclusion prompts
the need to elaborate on financial inclusion as they go hand in hand. Financial inclusion is
the ease of access, availability and consumption of the services offered by the financial
system of an economy. This brings about the importance of financial inclusion in a country as
it improves sustainability and an economy's stability. The definition of financial inclusion
gives us a scope which includes accessibility, availability and consumption of the services
offered by the financial system particularly the banking industry.
Description
Submitted in partial fulfillment of the requirements for the Degree of
Bachelor of Business Science in Financial Economics at Strathmore University