• 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 Jiwo Paro



Jiwo Paro, which means “Let’s Do It Together” is a development microfinance organization on a mission to empower women to succeed at micro-enterprise. It combines micro-enterprise training, group loans and on-going support to marginalized women in Kenya. Through a suite of financial and non-financial services, Jiwo Paro aims to impact the lives of the ‘Bottom-of-the-Pyramid’ and the ‘missing middle’ customers that traditional banks do not have neglected.

Read more;

Financial Literacy Programme

Prior to accessing micro loans, women are taken through financial literacy training with focus on responsible borrowing, saving and book-keeping

Other initiatives beneficial to women

  • Biashara Clubs-Through the Biashara clubs, women in small enterprises pool together rotating savings among respective group members. They also exchange business opportunities and receive mentorship, market information and best practices from the more established peers. These clubs, thus, create an ecosystem that allows for women entrepreneurs and business owners to grow by leveraging existing market systems
  • Women Investment Clubs-The WICs leverage on the Biashara club platform and creates the sustainable investment platform that provides the financial mechanism for SME members of the Biashara clubs to grow
  • Connected Entrepreneurs-The Fundi Konekt is an integrated digital platform for informal textile microenterprise owners in rural areas and informal settlements in Kenya


Busia Road, Milimani
Next to St Johns Manor
Kisumu City, Kenya.                                                                                                                                              Phone: +254  703 888 396