I am posting from Bangalore, India where I am working with ACCION Technical Advisors on their Client Education training programmes. Today I visited one of the Financial Literacy workshops that was being conducted at Sanghamithra, a Bangalore based microfinance institution (MFI) that provides financial services to the poor in both rural and urban areas. Sixteen branch managers received training on how to train loan officers who in turn will train up to 2000 female entrepreneurs on ways to develop strategies to help mitigate lifecycle risks, smooth household income and consumption levels and ultimately improve their general wellbeing. These entrepreneurs are encouraged to increase their savings and optimise their assets to prevent over-indebtedness.
Through this training the MFI is able to strengthen the relationship with its clients and the client is able to have a greater understanding of financial and management practices and thus make more informed decisions.
The training was fun and interactive and used local examples such as how to save for your daughter’s wedding. The women are therefore able to understand in a practical way how better financial management can improve their lives.
In this video clip you can see how Subha, the trainer is explaining how a woman running a tea shop should manage her finances.
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July 14, 2010 at 1:56 pm
Great video, Shaheen!
July 20, 2010 at 7:38 pm
Hi It is great that you’re doing this work, but I am very curious. How come this is a financial literacy program to empower women entrepreneurs and all the attendees are men?
July 23, 2010 at 6:32 am
Dear Karla, I would like to answer your question. Those attendees that you see, are Branch Managers and Shaheen has commented that… “Sixteen branch managers received training on how to train loan officers who in turn will train up to 2000 female entrepreneurs”… I think this may clarify your inquiry. Best.
September 8, 2012 at 9:38 am
Today, there are a lot of women entrepreneurs emerging into Industry sectors and its the society’s responsibility to motivate them and to provide support in all terms. Attention women entrepreneurs, Please refer to this website for valuable services and assistance http://www.karthiknandyal.com/moneychatbeta
September 19, 2012 at 10:01 am
BANDHAN Kolkata development organisation providing microfinance and social services now implementing UNDP asisted project on ME and Financial Literecy in Jharkhand. Training and handholding to credit good borroers on enterprise development and financial education will enhance their family income and self employment in Pakur of th state. This is Financial Inclusion project supported by UNDP India has staff of 10 nos. operating through two branch centres for capacity building and offices at Pakur Urban and Maheshpur Rural.
Chiranjib Roy 09903567407