Programme Description
Financial literacy and credit management are essential skills for everyone, regardless of background or location. Unfortunately, many people lack the knowledge, skills, and confidence to manage their personal finances effectively. This often leads to missed opportunities for saving, borrowing, and planning for the future.
This Diploma in Financial Literacy and Credit Management aims to empower individuals by:
Increasing their understanding of financial concepts
Equipping them with the skills to utilize financial services effectively
Encouraging responsible saving and investing habits
Promoting financial planning for retirement
The programme focuses on behavior change, helping individuals transition from their current financial habits to more informed and responsible practices. It builds knowledge, skills, and confidence to navigate financial services with greater understanding.
Programme Justification
The financial services sector in East Africa, including cooperatives, commercial, and industrial sectors, often faces challenges due to a lack of skilled personnel. Additionally, the high number of cooperatives and small and medium enterprises (SMEs) requires a skilled workforce.
This diploma programme addresses these needs by:
Equipping graduates with the skills necessary for careers in financial literacy and credit management.
Preparing graduates to work in various sectors, including cooperatives, businesses, banks, microfinance institutions, NGOs, and local governments.
Empowering graduates to create and secure jobs through their enhanced financial expertise.
Programme Objectives
This programme aims to:
(a) Enable learners to develop personal financial budgets and strategies for responsible spending.
(b) Guide learners in preparing basic financial statements for business entities.
(c) Equip learners with effective tools and techniques for positive behavior change related to personal finance.
(d) Help learners identify and understand the role of different financial service regulators.
(e) Enable learners to develop a retirement plan, plan for old age, and write a will.
Programme Learning Outcomes
Upon successful completion of this programme, learners will be able to:
(i) Generate personal financial budgets and implement strategies to stay within budget.
(ii) Develop a complete set of basic financial statements for business entities.
(iii) Apply effective tools and techniques to change personal financial attitudes and behaviors.
(iv) Identify and explain the functions of different regulators in the financial services sector.
(v) Design a plan for retirement, prepare for old age security, and write a will.