MugeR01/Financial-Inclusion-Data-Analysis-IP

This project aims to figure out which individuals are most likely to have or use a bank account in East Africa # Financial-Inclusion-Data-Analysis-IP This project aims to figure out which individuals are most likely to have or use a bank account in East Africa # Project Description Financial Inclusion remains one of the main obstacles to economic and human development in Africa. For example, across Kenya, Rwanda, Tanzania, and Uganda only 9.1 million adults (or 13.9% of the adult population) have access to or use a commercial bank account. Traditionally, access to bank accounts has been regarded as an indicator of financial inclusion. Despite the proliferation of mobile money in Africa and the growth of innovative fintech solutions, banks still play a pivotal role in facilitating access to financial services. Access to bank accounts enables households to save and facilitate payments while also helping businesses build up their credit-worthiness and improve their access to other financial services. Therefore, access to bank accounts is an essential contributor to long-term economic growth. ## Metric of Success Our analysis will be a success if we shall be able to provide insights to the state of financial inclusion and the key demographs that influence this.