Abstract
The objective of this article is to highlight the characteristics of unbanked households in the Republic of Congo. Starting from the Binomial Logit model based on data from the survey conducted by the National Credit Council (2015), the results show that age, gender, marital status, average income, holding an account with mobile money services, socio-professional category, type of employer are categories whose characteristics help define the profile of unbanked households in the Republic of Congo. Based on the results obtained, we can define the profile of an unbanked household in the Republic of Congo as follows: the unbanked Congolese household is most likely female, under 35 years of age, unmarried, does not have an account with mobile money services, is not a manager, works in the public sector and has an average income of less than 150,000 CFA francs. We recommend the public authorities to expand the device "payment of wages by bank account" to the private sector.
Highlights
IntroductionBased on the results obtained, we can define the profile of an unbanked household in the Republic of Congo as follows: the unbanked Congolese household is most likely female, under 35 years of age, unmarried, does not have an account with mobile money services, is not a manager, works in the public sector and has an average income of less than 150,000 CFA francs
The objective of this article is to highlight the characteristics of unbanked households in the Republic of Congo
Starting from the Binomial Logit model based on data from the survey conducted by the National Credit Council (2015), the results show that age, gender, marital status, average income, holding an account with mobile money services, socio-professional category, type of employer are categories whose characteristics help define the profile of unbanked households in the Republic of Congo
Summary
Based on the results obtained, we can define the profile of an unbanked household in the Republic of Congo as follows: the unbanked Congolese household is most likely female, under 35 years of age, unmarried, does not have an account with mobile money services, is not a manager, works in the public sector and has an average income of less than 150,000 CFA francs. Unbankedness is a major concern for governments and represents a handicap both for households and for the process of financial inclusion (better access and more intensive use of financial services) For this reason, understanding the characteristics of unbanked households is of paramount importance, as it allows targeting the necessary pol-. The phenomenon of non-banking concerns all regions of the world, but to different degrees This has given rise to reflections on the part of both politicians and researchers. Hogarth et al (2004) put the first two perceptions into perspective and point out that several factors defining the profile of unbanked households can be applied to the reasons for not having a bank account
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