The Finance Department Promotes Financial Inclusion in the Informal Sector as It Conducts Financial Literacy Campaigns at Grassroots Levels

The Finance Department is at the forefront of championing financial inclusion in the informal sector through financial literacy grassroots campaigns targeting small-scale business operators along the Lake Victoria region in Usenge Beach and Homabay Market. These campaigns, which took place from 27^th to 30^th May 2024, are aimed at educating the public on appropriate measures to enhance their financial wellness and build their capacity to access funds for enterprise development to empower the informal sector workers. The team was led by the Finance Officer, CPA Jared Rading'.

Giving an overview of the financial literacy campaign, CPA Rading’ noted that financial literacy poses significant challenges to informal sector workers' financial security and growth potential. According to the Finance Officer, a staggering number of individuals in the informal sector lack the fundamental knowledge needed to make informed financial decisions. Therefore, this informed their decision to bridge financial literacy gaps to foster economic resilience.