• 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 Kenyan Women’s Network

Institution

 

The Kenyan Women’s Network 4 Yaer program and curriculum includes health and wellness practices, financial literacy, personal development, basic book keeping, basic business skills, human rights, as well as a micro financing program.

Read more;

 

Financial Literacy Programme

Pangea Project

Includes a Micro-financing program, which helps women develop small, revenue-generating businesses and become vital members of their community, and are able to provide for themselves, their families and their fellow network members.

 

Other initiatives beneficial to women

The program and curriculum also include health and wellness practices, financial literacy, personal development, basic bookkeeping, basic business skills, human rights,

Contacts

The Pangea Network
Karen Plains Arcade                                                                                          

Second Floor F2-C5                                                                                               

P.O. Box 61136 - 00200                                                                                                  Nairobi, Kenya                                                                                                                                                            

Phone: +254 (0) 203 882275                                                                      

Email;                                                                                                                                

Website;