Kenya Financial Education Kenya - 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
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.
Financial Literacy Programme
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
Depends on Company / Group needs
Nyaku House, 2nd Floor
Off Argwings Kodhek Road,
P. O. Box 62341 00200
+254 723 855 494