Show simple item record

dc.contributor.authorWachira, Isaac M.
dc.contributor.authorKihiu, Evelyne N.
dc.date.accessioned2018-07-06T15:28:49Z
dc.date.available2018-07-06T15:28:49Z
dc.date.issued2012-10
dc.identifier.citationInternational Journal of Business and Social Science, Vol. 3 No. 19: 42-50en_US
dc.identifier.urihttp://hdl.handle.net/123456789/1703
dc.description.abstractThe main thrust of this study is to establish the impact of financial literacy on access to financial services in Kenya using the 2009 National Financial Access (FinAccess) survey data. Using a multinomial logit approach to explain access the the four major financial service access strands, the study found that financial literacy remains low in Kenya. Besides, regression results indicate that households’ access to financial services is not based on levels of financial literacy but rather on factors such as income levels, distance from banks, age, marital status, gender, household size and level of education. However, the study established that the probability of a financially illiterate person remaining financial excluded is significantly high calling for increased investment in financial literacy programs to reverse the trend. The study recommends the development of a curriculum on financial education and administer it in local, middle level and higher learning institutions.en_US
dc.language.isoenen_US
dc.subjectFinancial educationen_US
dc.subjectmultinomial logiten_US
dc.subjectFin Accessen_US
dc.titleImpact of Financial Literacy on Access to Financial Services in Kenyaen_US
dc.typeArticleen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record