• Kenya
  • Resources
  • Capacity Building
  • Financial Literacy

According to the Global index report

  • women in the developing nations, such as Kenya, have a 20% less likelihood of owning a bank account in a formal financial institution.
  • 17% less likely to formally borrow money, deficiency in their financial literacy is one of the causes

Why Financial literacy?

Financial literacy is important to women entrepreneurs as it provides them with knowledge on:

  • valuing money;
  •  spending it;
  • keeping track on spending through updated records;
  • saving for the future and;
  •  investing in productive and sustainable activities.

                                                                                                Read more

What is the situation in Kenya?

Existing statistics show that lack of financial illiteracy among women:

  • Remains a major hindrance to their economic empowerment.
  • Makes it hard for women to navigate and use financial services, and
  • Leads to inappropriate financial decisions
  • Exposes women to added risk by borrowing from informal sources, saving too little, and failing to access appropriate financial services.

Various organization and institutions in Kenya have established financial literacy programmes for women entrepreneurs.

 

Kenya Women Microfinance Bank (KWFT)

Committed to exclusively address the financial and non-financial needs of the women in Kenya

Mastercard Foundation Fund for Rural Prosperity

Offering rural people with financial services that allow them to alter their livelihood strategies, to develop better ways of managing wealth, earn an income and reduce their vulnerability of...

Stanbic Bank-Kenya

Empowering communities through facilitating socio-economic development of the underprivileged

Liberty Life Assurance Kenya

provides a free financial literacy programme aimed at growing financial literacy

Diamond Trust Bank Kenya Ltd (DTB)

Offering banking, investing, asset management and other financial and risk management products and services.

The Pangea Network

Equips women with knowledge and skills in financial literacy

CARE International Kenya

Provides opportunities and pathway for women and girls to access and take control of productive assets.

Hope Foundation for African Women (HFAW)

Promotes women entrepreneurship by endorsing interest-free loans

Equity Group Foundation

Equity Group Foundation offers free financial literacy training to women

Kenya Financial Education Centre

Offers financial education to employees, business people, entrepreneurs, and practitioners.