Financial Education

Approach to Financial Education

The training programme is designed with the logic of adult education methodology and learning cycle in which people are required to use different skills such as: engaging, listening, coming up with ideas and making decisions.

Therefore, the programme involves developing a strategy in which three aspects are interrelated:

TO SEE, which means that the beneficiaries should be involved in new experiences such as: identifying spending more frequently, keeping an eye on their expenses, knowing where payments come from and how often they come from your income, developing a savings plan and debt repayment and managing their activities and business decisions to enable further development as a company in the short and medium term. To this end, we will make use of different formats and graphics to visualize how each person is managing their business.

TO LISTEN, since people in this area approach financial issues from different perspectives. By analyzing the stories, listening to radio programs and exchanging experiences, people were able to form concepts and integrate the observations with theory.

This involves incorporating lessons learned in life and encouraging a change in behavior and attitude in decision-making regarding business/money financial management.

Objectives:

a) Show the strategies and tools developed/applied by Triodos Facet with PROMIFIN in Central America in the methodology of Financial Education to generate behavior changes in relation to the proper use of money and good financial management (credit, saving, debt) for rural and low income populations.

b) Exchange on tools developed by other regions on financial literacy.

Course Process

1.Exchange on the Promifin tools

Adaptation and design of methodological guidelines
Training and training of facilitators
Radio and television programs
Educational game for Financial Education and Entrepreneurship
Expenditure control booklet, budgeting and Business Plan
Monitoring and control training/effects of financial literacy with end users

2. Exchange on other developments in financial literacy (presentations vary depending on materials collected before the training session).

3. What can we gain from diverse materials, common aspects and specific adaptations needed for different environments?

Note: These materials should be requested by the organizers and sent to Juan Vega at least 15 days before the start of the course.

Trainer: Juan Vega, Triodos Facet

Mr. Juan Vega (1966) has an eduacational background in Economics, in Finance & Banking and in Business Administration and has over 15 years of professional experience in executive management, strategic planning, product development, financial analysis and risk management in banking and micro financial institutions. He currently serves as the Regional Director of the PROMIFIN projects in Nicaragua, Honduras and El Salvador. PROMIFIN has supported to more than 70 IMFs in Central America to improve their financial technology, sustainability and to increase the outreach of financial services to low income populations. PROMIFIN-COSUDE (www.promifin-cosude.org) is a programme of the Swiss Agency for Development and Cooperation (SDC), executed by the consortium of enterprises Triodos Facet and FACETA CENTRAL.