This project aspires to teach and inculcate a culture of financial savviness amongst 4,000 children in impoverished Nyanza region of Kenya. It integrates financial capability and entrepreneurship skills into the formal and informal education curriculum. Instils positive social behaviour and appreciation for industry and saving culture. As adults they will participate in matters affecting them and their communities as socially and financially empowered citizens.
60% of the Kenyan adult population lacks financial capability needed in making financial choices. 45% of young people rely on adults for important financial decisions. Efforts at embedding financial training through formal and informal education curriculums has had little success when targeted at children in adversity. This has led to a financially illiterate population incapable of making informed decisions and therefore increasing social and financial vulnerability.
The project will upscale the 'My Money' financial capability program with the objective of imparting financial skills to 4,000 children in Migori, St. Cecelia, Manyatta and Kudho primary schools. This project will address the knowledge gap by transfer of knowledge to 150 teachers who then adapt and transfer skills to 4000 children in the 4 schools. The program offers a viable model that integrates financial capability and entrepreneurship skills into the formal and informal education curriculum.
The project will inculcate positive social behaviour among the youngsters, appreciation of industry and saving culture while actively seeking knowledge and solutions to improve their livelihoods. Acquisition of skills and financial capabilities to participate in matters affecting them and their communities as socially and financially empowered citizens. They will act as agents of change across the communities.