Project Overview
Visa International Services Association (“Visa”) is committed to advancing inclusive, equitable, and sustainable growth for everyone, everywhere. Visa believes that communities and economies thrive when individuals and small & micro businesses are included and can benefit from financial and digital ecosystems. As part of its impact agenda, visa creates purpose-driven partnerships with societal and business benefits linked to increasing and advancing diverse talent, advancing digital financial inclusion and equity, driving sustainable commerce and the transition to a low-carbon environment, and strengthening communities in which we live and work.
Financial Inclusion for Kenya and Tanzania (FIKT)
ACCOSCA and Visa have partnered to roll out a 1-year project on financial inclusion for women, youth, and men in Kenya and Tanzania titled “Financial Inclusion in Kenya and Tanzania (FIKT)”. The project commenced on 1st January 2024 and will run through 31st December 2024 with a possible extension of 12 months.
Through this initiative, we seek to create an inclusive and enabling environment that empowers women and youth to overcome financial barriers and achieve their economic aspirations.
Both Tanzania and Kenya recognize the importance of financial education for women and youth. The program provides an opportunity to revamp the efforts to increase financial inclusion, promote entrepreneurship, and provide access to affordable financial services and education to create a more economically empowered future for youth and women in these countries.
Objectives
- 1. Facilitate the establishment of savings and investment groups to promote a culture of savings and financial resilience.
- 2. Increase financial literacy and awareness among men, women, and youth through targeted training programs and workshops.
- 3. Enhance digital financial literacy and promote technology-based solutions for financial transactions and access to financial services.
