Promoting financial literacy

In western province, many lack the basic skills and culture of financial management as well as fear of financial institutions and borrowing. To divert this belief and to help people of Kakamega to save and properly manage their funds Equity group foundation deployed staff across the region through their Equity bank Kakamega branch to ensure constant visits and teaching women and youth groups on financial literacy matters.
In March this year, a group from murhamda was visited by an officer from the bank and were taught on budgeting record keeping as well as saving. The group has now started their own scheme where they deposit their shares on daily basis as they prepare to visit the bank to borrow funds.

Location: Murhanda, Kakamega, Kenya