The Influence of Cooperative Financial Literacy, Training and Advisory Strategies on Women's Financial Empowerment: A Review
Nakayiso Eseza *
Department of Finance and Accounting, Faculty of Business and Management, Kampala International University, Uganda.
Nyambane David
Department of Finance and Accounting, Faculty of Business and Management, Kampala International University, Uganda.
Nyakundi Andrew
Department of Finance and Accounting, Faculty of Business and Management, Kampala International University, Uganda.
*Author to whom correspondence should be addressed.
Abstract
This systematic review investigates the impact of cooperative financial literacy, training, and advisory strategies on women's financial empowerment, with a focus on rural areas. Recognizing the critical role of financial empowerment in achieving sustainable development goals and promoting gender equality, this review synthesizes existing literature to identify effective strategies, key influencing factors, and areas for future research. A comprehensive analysis of peer-reviewed articles, reports, and grey literature reveals that cooperative financial literacy initiatives can significantly enhance women's financial knowledge, skills, and confidence, ultimately contributing to economic stability, increased income, and gender equality. This review provides policymakers, practitioners, and researchers with evidence-based recommendations to inform the design and implementation of effective cooperative financial literacy programs.
Keywords: Cooperatives, financial literacy, training and advisory strategy, women financial empowerment