Access to Financial Services in Kaduna State Deep Dive

EFINA Farmers and dependents are more likely to be financially excluded Enhancing Financial Innovation & Access • Significant intervention needed for about 30% of the adult population who rely on farming Financial inclusion by primary source of income % of the adult population 2% 1% Salary/wages from a business/company (formal sector) Salary/wages from an individual with own business (informal sector), from an individual for chores such as domestic chores or farm labour Employed in formal sector Employed in informal sector 45% 94% 2% 8% 45% 7% 8% Own business/trader - farming products, non farming products, agricultural inputs, provide a service Get money from household member, family & friends Subsistence/small scale Business owners 37% Dependents 28% 7% 7% farming, commercial/large scale farming Farming 25% 4% 7% 65% 58% 48% Banked Formal other (non bank) Informal Excluded Source: EFINA Access to Financial Services in Kaduna State 2020 Survey 19

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