qadipo/Financial-Inclusion-Analysis-in-East-Africa

# Financial-Inclusion-Analysis-in-East-Africa ## Introduction 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. ## Focus * Predict individuals that are most likely to have or use a bank account * Identify the key demographic factors that might drive individuals’ financial outcomes ## Data This data was extracted from various Finscope surveys ranging from 2016 to 2018. It contains demographic information and the various financial services that are used by individuals across East Africa.