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What are the reasons why the money market is not fully developed in Kenya?
Wiki User
∙ 9y ago
1. Poverty levels are high in Kenya 2. Ignorance among the citizens 3. The central bank favours capital markets rather than money markets. 4. The costs of borrowing are high hence few people borrow 5. There are superstitons about the money markets among the people. Eg many believe that loans are evil
Rhea Mraz
Wiki User
∙ 9y ago1. Poverty levels are high in Kenya 2. Ignorance among the citizens 3. The central bank favours capital markets rather than money markets. 4. The costs of borrowing are high hence few people borrow 5. There are superstitons about the money markets among the people. Eg many believe that loans are evil
esther nzangi
1.High risks of misuse of funds 2.its expensive 3. Not easy to access 4. Poor environment
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