Financial Literacy

Rural people have very limited access to financial services and education programs; they suffer from the lack of financial experience due to the insufficient presence of financial institutions in rural areas; they have low levels of income which is one of the most important impediments in having access to financial services. Credit and insurance services are also limited in rural communities and the state support is weak.

Therefore, households’ saving is crucial to provide an insurance against the economic and social shocks. KOWA Foundation through this program, bring together rural enterprise owners who are tutored on basic financial management skills on book keeping, savings and investments to increase capital formation within these rural communities. Local and rural banks are used as resource in terms of financing and providing content for these financial literacy programs.