Access to Financial Services in Kaduna State Deep Dive
Enhancing Financial Innovation & Access
EFINA 54% of adults experienced a financial shock in the past 12 months, mainly
driven by economic (1.4 million) and health (0.5 million) related shocks.
Adults were more likely to do nothing, borrow from family/friends, cut down on expenses, or sell assets
than use savings to cope with shocks.
Shocks with greatest impact on households (% of adults with shocks)
price increases
serious illness of a household member
recession/bad economy
20
1993
30
50
Could recover from shock (% of adults)
24
failure of business
6
loss of job/income due to covid-19...
6
death of a relative/household member
maintenance of farm/business tools
4
3
had to assist family/friends with...
3
agricultural crop/livestock...
2
member of household lost job/income
2
30
Low
Medium High
46
How confident are you that you will get enough support in case of an emergency? Not at all confident, slightly
confident, somewhat confident, don't know - Low, moderately confident - Medium, very confident - High
Source: EFINA Access to Financial Services in Kaduna State 2020 Survey
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