Financial literacy is relevant for everyone in a modern society regardless of income level, education, age, rural or gender. Lack of financial literacy and inclusion Uganda directly affects the socio-economic development as people cannot make informed decisions about their finances
PEDN promotes youth financial literacy among institutions of learning (primary schools, secondary schools and high institutions) as well as out of school youth through the following activities.
Our Approach to Financial Literacy
· Incorporating financial literacy (FL) into the new lower secondary schools’ curriculum as part of the overall reform of the secondary school curriculum (initiated in 2011)
· Promoting FL through extra-curricular activities, particularly through the extension of FL-related after-school clubs and the integration of FL activities messages into various school events.
· Teaching young people about the different components of financial literacy like personal financial management, spending & saving, planning & budgeting, investment, and loans.
· Organizing community based financial literacy workshops for out of school youth.
· Use of media (print, radio and social media) to disseminate information related to personal financial management and financial services.
· Carrying out exposure visits to financial institutions in order to build confidence of young people to use financial services.
- Use of ICT innovations to promote financial inclusion among the unbanked population in Uganda like school e-bank system.