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Financial Literacy Quiz – Kenyan Edition
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Financial Literacy Quiz – Kenyan Edition
Financial Literacy Quiz
Test your understanding of money basics in Kenya – from M-Pesa
loans and SACCOs to emergency funds and investing. Get your score plus
personalised tips.
Before you startAbout you (optional)
✅ Choose the best answer for each question. When you’re
done, click “Check my score”.
1. You earn a regular salary paid into your bank or M-Pesa. What is the
best first step every month?
Single choice
Budgeting & Spending
Why:Pay yourself first (option B) is a core budgeting principle. Automating savings
and investments at the start makes it more likely you’ll hit your goals than saving “what is left”.
2. For most Kenyan households, a good target for an
emergency fund is:
Single choice
Emergency Savings
Why:
Most advisors suggest 3–6 months of expenses in a low-risk account
(SACCO savings, money market fund, bank savings). This gives time to recover from job loss,
illness or emergencies without immediately taking expensive loans.
3. Which statement about mobile app loans (M-Pesa, digital lenders) is generally
the safest practice?
Single choice
Debt & Loans
Why:
Many digital loans have very high effective interest rates.
They should be used rarely, for true emergencies, and paid off quickly.
Always look at the total cost, not just the convenience.
4. Which saving option is usually most suitable for long-term goals like a home
deposit or children’s school fees (5+ years away)?
Single choice
Saving & Investing
Why:
Long-term goals benefit from compound growth but still need some safety.
A combination of stable savings and moderate-risk investments
usually beats keeping money idle or gambling on very risky products.
5. One key advantage of saving through a SACCO (regulated in Kenya) is:
Single choice
SACCOs & Chamas
Why:
Regulated SACCOs allow you to save and borrow against your savings,
and they often pay dividends/interest on member shares.
They are not risk-free, but offer powerful tools when used well.
6. You have several debts: a SACCO loan at 12% p.a., a credit card at 36% p.a., and a mobile loan
with very high fees. Which strategy is usually best?
Single choice
Debt Management
Why:
The avalanche method (option C) saves the most money:
keep low-rate debts current, and aggressively clear the highest-interest debt first.
7. In Kenya, what is a good basic approach to health cover for most families?
Single choice
Insurance & Health
Why:
A national scheme like NHIF/SHIF provides a basic foundation.
You can then top up with private or employer cover for better
limits and hospitals, reducing the risk of medical debt.
8. If inflation in Kenya is high and your savings earn less than inflation, what
happens to your money?
Single choice
Inflation & Value
Why:
If your return is below inflation, the real value of your money
is shrinking. Over time, the same amount will buy less goods and services.
9. How can you best protect your credit score / CRB record in Kenya?
Single choice
Credit Behaviour
Why:
Lenders report missed payments to CRB.
Paying all loans on time and only borrowing what you can afford
helps keep a clean record and better access to future credit.
10. You receive a one-off windfall (bonus, chama payout, inheritance). What is a
balanced first move?
Single choice
Planning & Behaviour
Why:
A windfall is a chance to strengthen your foundation:
reduce high-cost debt, grow your emergency fund, and invest according to a clear plan,
not impulse or pressure from others.
Please answer all questions before checking your score.
Your Result
Take the quiz to see your score
Score: 0 / 10
Answer the questions on the left, then click “Check my score”.
Total questions
10
Questions answered
0
Correct answers
0
Score percentage
0%
Level
–
Focus area (from your goal)
General
Category breakdown
Next best step for you
Once you complete the quiz, you’ll see a short personalised suggestion here
– whether to focus on budgeting, debt, savings or investing.
This quiz is for education only and does not replace
personalised financial advice. Kenyan rules on tax, SHIF/NHIF, SACCOs and
lending can change – always check current information before making big
decisions.
