The Archdiocese of Kisumu engaged Equity Bank to facilitate a financial literacy for all the clergy (Priests and deacons, both Diocesan and Religious) working in the Archdiocese. According to Investopedia, financial literacy “is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.” It adds that “when you are financially literate, you have the foundation of a relationship with money, and it is a lifelong journey of learning”. This exercise is part of the various programs of on-going formation for priests, since the seminary formation includes training on matters of finances.
The week-long program, (24th to 28th April 2023) was officially opened by the Archbishop of Kisumu, Most Rev. Maurice Muhatia Makumba. In his remarks, the Archbishop reminded the clergy about the stewardship that is required in managing the temporal goods of the Church. In order to be a good steward of the parish finances, financial literacy is a necessity. He thanked the Equity Branch Manager for Ang’awa Street in Kisumu, Alice Ouma for accepting to carry out this exercise.
The clergy on their part exhibited deep appreciation for this engagement and freely interacted with the trainers from Equity. There were moments of Focused Group Discussions on various sample budgets which then the groups presented to the participants.
The whole exercise is hoped to improve the management of the resources that are available in the parishes, all, including the least of the parishes in the Archdiocese!