Access to financial services improves

According to the Finscope consumer survey conducted by Finmark Trust, financial inclusion has increased to 76 percent from 69 percent in 2009 with increased access to formal banking services, microlenders, Posocards and informal services such as Metshelo driving the growth.

The survey, which was conducted between October and December last year sampling 1,503 respondents from Botswana’s total population of 1.3 million adults, aimed to gauge financial inclusion by measuring the proportion of the population using both formal and informal financial services and products.