• 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 Kenya Financial Education Kenya

Institution

 

Kenya Financial Education Kenya, is a company registered in Kenya to offer Financial Education to employees, business people, entrepreneurs and practitioners in financial and micro-finance institutions serving the MSME sector.

Read more;

 

Financial Literacy Programme

Training

  • Staff of Companies: Motivation at work, Employment as best business, Personal Money Management.
  • Chamas, Saccos & Investment Groups: Investing Simplified, Personal Wealth Building, , Handling internal conflict, Harmonizing individual and group goals, Posterity management, Simplified, Record Keeping and Reporting.
  • Small Groups Talks: How to identify money making opportunities, How to craft money making deals, How to manage debt, How to maximize on employment, Cash management systems, Best investment strategies, Entrepreneurship while in employment, Managing business systems and controls, Facing life challenges head-on

 

Cost of training

Chamas, Saccos & Investment Groups - Kshs.10,000 for a 3 hours session

Small Groups Talks – Kshs.10,000 for a 3 hours session

Duration

Depends on Company / Group needs

Contacts

Nyaku House, 2nd Floor

Off Argwings Kodhek Road,

P. O. Box 62341 00200

Nairobi, Kenya

 

+254 723 855 494

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