There is an increasing recognition on financial education as an important tool to help vulnerable populations to exit poverty. Financial education allows people to increase their opportunities to have a better control and to better manage their financial resources. In Western Europe, there are a number of programmes on financial education but only a few are exclusively aimed at vulnerable groups. In Eastern Europe, financial education programmes are at an early stage of their development.
Many members of EMN have been developing, for several years now, financial literacy programmes aimed at, among others, the beneficiaries of their microcredit services. Within this framework, and under the leadership of the Grundtvig Programme, EMN and several partner organisations implemented, in 2007, the FEVA Partnership (Financial Education for Vulnerable Adults). This Partnership, which ended in 2009, is today followed by the FEFAE Partnership (Financial Education to Fight Adult Exclusion), a two years partnership whose aim is to pursue the activities implemented by the FEVA Partnership and to continue developing the financial education activities within the network.