Promoting Financial Literacy, Intelligence & Capability
Welcome to Financial Education Centre (KEFEC), the one stop learning centre for Financial Education in the East Africa region.
We are a company registered in Kenya to offer Financial Education to employees, business people, entrepreneurs, and practitioners in financial and micro-finance institutions serving the MSME sector.
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From the blog
We often talk about the financial needs of the poor. But we really should be talking about their financial concerns. The purpose of finance is not just to help make ends meet, but to create a sense of opportunity and provide peace of mind. To that end, poor people´s financial concerns revolve mainly around makingSeptember 22, 2016
The statement “Money is not everything” and its sister “there are other more important things than money” are common. They are often used by two sets of people: the rich and the poor. They summarize results of an intensive pursuit of money. The rich, having made lots of money, realize that there are other moreSeptember 22, 2016
A year ago today, I lost a nephew, John Gachoka. He was 33 years old. As it is our tradition, my family met to make burial arrangements. We drew a tentative funeral budget of $1,870 all expenses inclusive. John worked in a factory earning a salary of $94 a month ($3 a day). He livedSeptember 22, 2016
Lately, you may have come across financial terms that you find confusing. They are; financial literacy, financial education, financial capability and financial inclusion. I want to clarify them for you. But before I do so, let me give you a contextual background. Sociologists say that every society has five institutions under which everything falls. TheySeptember 22, 2016