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

• Nov 1, 2018
• 1 min

MSC was engaged to enhance the credit or investment readiness of agricultural SMEs for Finance Alliance for Sustainable Trade (FAST) in Kenya and Tanzania. 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. 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.

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.