• 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.


angle-left Grameen Foundation

Grameen Foundation



Poor people don’t just lack money. They lack access to information and resources the rest of us take for granted. They have more than enough will to overcome poverty and hunger. What they lack is a way.

That’s why Grameen Foundation exists.

We create tools and resources to help people help themselves. Tools built to address poverty’s interconnected root causes in a scalable, sustainable way. And while implementation often involves many moving parts, at its core, our approach is quite simple:

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Financial Literacy Programme

The Grameen Foundation Model empowers the poor with access to tools and information that enable them to escape poverty. And while most digital solutions require Internet access, smartphone ownership and the ability to read, the Grameen Foundation Model does not. The only thing people need is access to a basic-feature mobile phone and their Grameen Community Agent.

We collaborate to create a comprehensive eco-system of support with a wide range of local partners, from banks and microfinance institutions to mobile network operators to agribusinesses. Creating a community of common interest with existing business infrastructures provides the foundation for sustainability.

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Other initiatives beneficial to women

Digitizing financial inclusion for poor women.

Nearly one billion women do not have even a basic bank account. They may own a shop, have a lot of business and entrepreneurial smarts, but they cannot secure a loan. Freeing women from the chains of a cash-only existence means treating them the same way the financial system treats men. Digital financial services—using basic-feature mobile phones to safely save, borrow, make payments and use insurance—enable women to save and manage money without having to travel endless hours or pay expensive cash transaction fees. It also gives women the power and opportunity to improve their lives and have a voice in their community.

Read more; 



The Greenhouse, Mezzanine Floor, Suite 9
Ngong Road
P.O. Box 21856-00505
Nairobi, Kenya
Global Operations Manager: