The FinScope survey is a research tool developed by FinMark Trust, as a nationally representative study of individuals’ perceptions of financial services and issues, aiming to provide insight into how people source their income and manage their financial lives. To date, the survey has been implemented in 16 African countries, as well as in Pakistan.
By design, the FinScope Namibia surveys is intended to involve a range of stakeholders through syndicate membership to enrich the entire survey process through cross-cutting learning, sharing of information, and to facilitate the extended utilisation of the final data.
A nationally representative sample of Namibians 16 years and older was employed. During November 2011 and January 2012 1200 face-to-face interviews were conducted. The data was weighted and benchmarked against the 2010/2011 National Household Income and Expenditure survey. Data was processed and analysed in SPSS.
Of the weighted eligible population (n=1,245,997) 39% were male and 61% were female, while 42% resided in urban areas and 58% in rural areas. Just more than half (55%) of the eligible population in Namibia is under the age of 35 (n=687,178). A large majority have not completed secondary school, with 7% reporting no formal education.