• 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 The International Fertilizer Development Center (IFDC)

About IFDC


The International Fertilizer Development Center - IFDC is an independent non-profit organization that combines innovative research, market systems development, and strategic partnerships to spread sustainable agricultural solutions for improved soil health, food security, and livelihoods around the world.

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Financial Literacy Programme

The toolkit, developed by consultant Jacqueline Terrillon, uses pictorials and practical examples to highlight gender biases, and then introduces basic financial concepts, especially credit and savings options suitable for women farmers and entrepreneurs. It will be used by agribusiness coaches working at community level, and by financial institutions seeking to make their product portfolios more women-friendly.

The toolkit works by asking simple questions about gender roles (or biases) and their impact on household or farm finances. It then guides the development of solutions or changes in practice based on the answers such as: In your household, who manages the money? Who decides on when and how much to save? Do you have a joint bank account?



IFDC KENYA (ESAFD Headquarters) c/o icipe Campus Duduville,
Kasarani Thika,
P.O. Box 30772-00100
Nairobi, Kenya