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Financial literacy for Zambian women entrepreneurs

Financial literacy refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with their financial resources. For women entrepreneurs, financial literacy is important in ensuring sound credit and debt management as well as making financially responsible decisions for themselves and for their businesses. In short it is a stepping stone to financial stability. Financial literacy skills can be obtained in several ways, ranging from reading to training.

Why is financial literacy important for women entrepreneurs?

Women entrepreneurs often lack financial skills and knowledge to get their business off the ground or to the next stage of growth.

Financial literacy helps the women and youth entrepreneurs understand how to access finance, how lenders and micro-lenders operate, and an awareness of sound credit management practices are some of the issues that need to be addressed to empower them

Indo Zambia Bank Ltd

Financial literacy services on record keeping, importance of saving