Digital credit for all? An empirical analysis of mobile loans for financial inclusion in Kenya
Minjin Kim and
Maren Duvendack
Information Technology for Development, 2025, vol. 31, issue 3, 559-576
Abstract:
Digital credit has shown considerable success in Kenya and is expected to provide opportunities for individuals excluded from formal loans because of their lower socioeconomic status. However, evidence supporting the greater positive impact of digital credit on financial inclusion than that of traditional loans is lacking. This study employs a multinomial logistic regression to investigate the impact of digital credit services, particularly mobile banking and FinTech loans (MBLs and FTLs), on financial inclusion in Kenya. MBLs appear to be less accessible to vulnerable populations, such as women, low-educated groups, and casual workers although both MBLs and FTLs are equally accessible to rural populations. In contrast, FTL services show no such constraints in terms of accessibility for women and low-income workers. This disparity indicates the relative inaccessibility of MBLs to vulnerable groups compared to that of FTLs; however, note that greater loan access does not always benefit vulnerable groups.
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/02681102.2024.2402996 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:titdxx:v:31:y:2025:i:3:p:559-576
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/titd20
DOI: 10.1080/02681102.2024.2402996
Access Statistics for this article
Information Technology for Development is currently edited by Sajda Qureshi
More articles in Information Technology for Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().