Dream Achievers Youth Organization (DAYO) - 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:
- valuing money;
- spending it;
- keeping track on spending through updated records;
- saving for the future and;
- investing in productive and sustainable activities.
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.
Organisations with Financial Literacy services
Dream Achievers Youth Organization is a non-profitable and non-political community-based organization that empowers youths & communities in Kenya through Education & Vocational Training. Its mission is to build capacity and respond by preventing and reducing the risks of diseases and socio-economic situations among youth in the region.
Financial Literacy Programme
Funded by Kenya Community Development Foundation, Dream Achievers Youth Organization is implementing a project known as Youth Empowerment.
The project seeks to contribute to the millennium development goals by empowering youth economically through financial literacy and entrepreneurship skills training.
Other initiatives beneficial to women
Phone: +254 729 161 719/ +254 732 601 430