Effect of Digital Literacy and Financial Education Program on Performance of Young Africa Works Program Participants; Equity Group Foundation
Abstract
Financial services firms provide the payment services and financial products that enable
households and firms to participate in the broader economy. By offering vehicles for
investment of savings, extension of credit, and risk management, they fuel the modern
capitalistic society. Digital literacy has become more important in both emerging and
developed economies because it has a substantial impact on financial decisions. Hence, the
study sought to determine the effect of digital literacy and financial education program on
performance of Young African Works participants. Specifically, the study aimed to: determine
the effect of digital literacy on performance of Young African Works participants; to determine
the effect of financial education on performance of Young African Works participants; and to
determine the effect of digital financial products literacy on performance of Young African
Works participants. It adopted a cross-sectional methodology. Descriptive research design was
utilized for the survey. The study used simple random sampling method. This research
concludes that the digital literacy, financial education, and digital financial products literacy
affects the performance of Young African Works participants significantly. The study
recommends that Young Africa Works should consider enrolling the program beneficiaries in
financial literacy program or any other related programs to enhance their capability. The
bankers association and communication authority should ensure that more policies on digital
literacy, and financial education are developed with proper regulations to regulate the industry
and ensure efficient utilization of services
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- School of Business [1919]
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