Financial Education

Summary

Access to finance is a fundamental condition for poverty reduction, job creation, income generation and social protection. However access to finance alone does not automatically yield social and economic benefits. For this to happen, workers, entrepreneurs, youth, migrant workers, farmers, families with working children must be able to make informed choices about when and when not contract debt, how best to save, what to look out for in the small print insurance contract, etc…

Through its activities in the area of financial education, the Social Finance Programme seeks to enhance financial capabilities of financial service (potential) users. This is done through:

- Developing and adapting financial education training materials to address the needs of diverse target groups and contexts

- Offering capacity building activities and technical support to institutions and partners that wish to develop financial education activities – in various countries in Africa, in Asia, in Latin America

- Researching the impact of financial education programmes with a view to refine the interventions (research done through the MF4DW project or through micro-insurance linked financial education campaigns.