Financial Literacy Toolbox to build the skills of SMEs in Kenya and Tanzania

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Financial Literacy Toolbox to build the skills of SMEs in Kenya and Tanzania

Nov 1, 2018
1 min

Finance Alliance for Sustainable Trade (FAST) contracted MSC to enhance the credit or investment readiness of agricultural SMEs. We provided training resources in the form of a tailored set of materials.

MSC developed a Financial Literacy Toolbox (the FLTBX) to train agri-entrepreneurs on financial management, accounting, costing, risk management, financing, and debt finance in practice. We customized the FLTBX to create three more versions, each covering a similar set of key topics adapted to different market contexts, including those targeting agriculture producer groups in sub-Saharan Africa and entrepreneurs in the services sector in Tanzania.

By the end of 2018, over 2,000 entrepreneurs from the agriculture and services sectors in sub-Saharan Africa had been trained using the FLTBX. In addition, over 100 local technical assistance providers had received training and were deployed to on-train entrepreneurs on the FLTBX to strengthen the capabilities of entrepreneurs.