Get a smart start with M-PESA GO!
Navigating the complex world of personal finance can be daunting for most young adults. With this skills gap in mind, M-PESA GO, Old Mutual and the Kenya Institute of Curriculum Development (KICD) developed a financial literacy online toolkit for junior and senior school students.
Most young people today face challenges with managing their income when transitioning into the working world. As they mature, their financial needs also change to meet the new milestones and expectations of their lives, making early financial literacy skills essential.
Financial literacy simplified
The M-PESA GO toolkit is designed to provide students with the tools to make informed financial decisions as Kenya’s financial landscape evolves, particularly with the rise of digital finance. The toolkit is linked to children’s parents or guardians and enables them to use select M-PESA services independently.
It includes interactive sessions and gamified digital experiences that allow students to engage directly with financial professionals, fostering a dynamic learning environment that promotes a positive relationship with money.
This digital approach aims to simplify financial literacy for children, steering them into healthy financial planning for adulthood.
Watch the video below for more on this innovative product. The toolkit is available for download on the M-PESA GO website.
“Kenya has a youthful population, who play a major role in economic growth now and in the future. As such, it is important to build their financial capabilities. This requires a concerted effort from the public, private and social sectors.
“Financial literacy is essential to financial stability, which is one of our main objectives. The younger people acquire financial health, the more likely they are to make sound decisions about money. They are more likely to save for a rainy day, to invest wisely, to borrow judiciously when necessary.
“And they are less likely to fall prey to fraud or predatory practices. M-PESA GO offers young people aged 13 to 17 years a platform to save, make transactions and practise financial wellness at a young age for a money-smart generation.”
