Financial Literacy

 Financial Literacy refers to the set of skills and knowledge that allows individuals to make informed and effective decisions regarding money matters.Being financially literate means that the farmers understand the basic financial values. It’s important for smallholders to be financially literate. When smallholders are able to make good decisions on money matters, they are more likely to succeed horticultural businesses.  They will also be able to have money to meet emergencies and other important things like paying school fees for the children, buying food and having a shelter over their heads. Financial literacy also helps them to be able to convince microfinance institutions to lend them money. When smallholders are not financially literate, there is a big chance that they will make poor decisions that can harm their families and their horticulture enterprises.  These would be some of the questions

• How and where to open an account with a financial institution so that you can save your money.
• Keeping proper records of your financial transactions so that you can manage your income and expenses wisely.
• How to access financial assistance in forms of loans so that you can sustain and grow your business