• Kenya
  • Resources
  • Capacity Building
  • Financial Literacy
  • Financial Literacy

Key highlights

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.


Organisations with Financial Literacy services

angle-left Global Communities



Global Communities is a global development organization committed to working in partnership with communities worldwide to bring about sustainable, impactful changes that improve the lives and livelihoods of the vulnerable. Development is not something we do for people; it is something we do with them. We believe that the people who understand their needs best are the people of the community itself. We make a difference by engaging with communities, governments, the private sector, and NGOs as partners for good—bringing together complementary strengths and shared responsibilities to work toward common goals.

Global Communities has existed for more than 60 years. Until 2012, we were known as CHF International and, before that, the Cooperative Housing Foundation. We are a non-profit organization.

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Financial Literacy Programme


- Cooperatives Leadership, Engagement, Advocacy, and Research 

Funded by USAID’s E3 Bureau, the USAID/Cooperatives Leadership Engagement Advocacy & Research (CLEAR) (2018-2023) is a recently awarded $8 million program. CLEAR will focus on three primary objectives including:

  1. Improving cooperative business enabling environments through regulatory reform and access to services and resources;
  2. Improving cooperative business performance through tailored capacity building; and
  3. Testing and analyzing positive behaviors among cooperative members that emerge as a result of participating in cooperatives and disseminating results among stakeholders.

CLEAR will continue to work closely with youth and women to empower them to create their own business and step into the formal economy by sharing risk and seizing new opportunities. Overview: USAID’s Cooperatives Leadership Engagement Advocacy and Research (CLEAR)

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Other initiatives beneficial to women


– Determined, Resilient, Empowered, AIDS-Free, Mentored and Safe Lives.

DREAMS, a new initiative of PEPFAR, the Gates Foundation and the Nike Foundation, is helping adolescent girls and young women lead Determined, Resilient, Empowered, AIDS-free, Mentored and Safe lives. Global Communities, in partnership with USAID, implements the DREAMS initiative in the Pumwani Ward of Nairobi County in Kenya, which is one of several countries where DREAMS is being implemented.

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P. O. Box 1661 – 00606 Nairobi, Kenya
Telephone: +254 (20) 2101312/3
Mobile: 0735 333 243, 0721 836 819
Tel/Fax: +254 (20) 4450153