Kenyan households are increasingly relying on credit due to rising living costs, despite significant progress in financial inclusion. The challenge lies in balancing increased access to digital lending with the necessity of financial literacy to prevent debt strain.

• 59% of Kenyans are now saving, but one in five households reported a cost of living increase of over 20% in the last six months.
• The article features insights from Tala General Manager, Annstella Mumbi.
• Responsible borrowing is emphasized, urging a focus on loans for productive outcomes and for both customers and financial institutions to prioritize financial literacy alongside access to credit.