Passing the Buck in East Africa – Money Transfer Systems: The Practice and Potential for Products in Kenya

• by Cerstin Sander, Kamau Kabbucho and Peter Mukwana
• May 1, 2003
• 1 min
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This study provides contextual information on the Kenyan economy and financial sector as a backdrop to a review of the available money transfer services.

This study provides contextual information on the Kenyan economy and financial sector as a backdrop to a review of the available money transfer services. It looks at the supply side of money transfer services that include the service providers, transaction values, frequencies and fees. It further looks at the demand side of money transfers—clients, their purposes and the relative costs and risks involved. The study concludes with an outlook on potential market opportunities for microfinance services and summarizes criteria for product design.