Economic Inclusion at Base of Pyramid | Change Corner

According to Kenya Economic Report 2020, national access to financial inclusion in Kenya is at 82.9 percent, an improvement from 26.7 percent over the past decade. This is a great feat for our country. Access to credit has also increased due to the numerous digital loans available in the market. However this is only helpful to the financially literate who take up the digital loans for business purposes, not for consumption. Such people are able to manage timely repayments and avoid the high cumulative interest rates which are predatory in nature.The world bank…