FinScope Haiti 2018 Consumer Survey: Trends (French edition)
- Close to 54% of adults 15 and older have access to financial services, while 46% are financially excluded.
- 44% of adults are formally served, including 11% served only by banks and 42% using other formal non-bank products.
- 19% of adults use only informal mechanisms to manage their finances.
- Formal credit reaches 4% of adults, and 4% of adults have insurance.
- About 53% of adults say they need financial education, mostly on how to save and invest, and 45% do not seek financial advice.
The survey was run by a steering committee that included the BRH, the Ministry of Economy and Finance, the Haitian Statistics Institute (IHSI), Université Quisqueya and private-sector members, with fieldwork by Group Croissance and sampling and weighting by FinMark Trust and IHSI. It is based on 4,269 face-to-face interviews with adults aged 15 and over between May and October 2018, a population IHSI estimates at 7.67 million. The report covers demographics, access to basic services, agriculture, documentation and housing, money management and financial information needs, and then the use of banking, microfinance, savings, credit, insurance, money transfer and mobile wallet products.
The survey finds that 44% of adults are formally served (11% by banks only and 42% by other formal non-bank providers), 19% rely only on informal mechanisms and 46% are financially excluded. Formal credit reaches 4% of adults, 4% hold insurance, 23% use mobile wallets and about 53% say they need financial education. The document ends with recommendations, the first being a FinScope survey of small businesses.
How to cite
Bank of the Republic of Haiti (BRH), 2019, FinScope Haiti 2018 Consumer Survey: Trends (French edition), https://www.brh.ht/wp-content/uploads/Haiti_French_17-04-2019.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)