Asante Africa Foundation - Kenya

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:

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.

Asante Africa Foundation

Institution	Asante Africa Foundation is a strong, vibrant, and engaged global team committed to empowering East Africa’s youth to confidently address life’s challenges and opportunities, thrive in the global economy, and catalyze positive change. Because complex system challenges require system solutions, they deliver an ecosystem model of interconnected programs that encourage, educate, train, and apply knowledge to life challenges. Programs are managed by local staff and delivered in concert with global support and key partners in the communities where they work. Read more;
Financial Literacy Programme	*GIRLS’ ADVANCEMENT (WEZESHA VIJANA) PROGRAM* Finance and Business Skills Read more;
Other initiatives beneficial to women	- Health and Hygiene - Social Skills - Scholarships
Contacts	Asante Africa Foundation P. O. Box 696 - 20500 Narok - Kenya Phone: + +254 (0)722 707 398 Email; Website;