The International Fund for Agricultural Development (IFAD) has concluded a two-year initiative in Kenya, significantly enhancing financial inclusion for rural households. The project, "Affordable Remittances and Enhanced Financial Inclusion for Rural Families in Kenya Project," aimed to reduce remittance costs and strengthen financial access through rural Saccos.

• More than 112,000 individuals received financial literacy training.
• Over 1,800 remittance recipients opened accounts for the first time, surpassing the target of 1,500.
• Women represented 44 per cent of participants.
• IFAD, through its Financing Facility for Remittances (FFR), partnered with institutions like Credit Bank PLC and local Saccos.
• Key figures included IFAD Remittances and Inclusive Digital Finance Officer David Berno and Credit Bank PLC CEO Betty Korir.
• Future plans include exploring new remittance corridors, such as Germany, to connect more diaspora communities to rural Saccos.