How We Work Training and Financial Advice
In countries where there are low literacy rates and many people are unfamiliar with banking services, access to microfinance may not be enough to help clients lift themselves out of poverty. Clients must also receive financial training to learn basic skills related to earning, spending, budgeting and borrowing money.
This financial advice is designed to help clients:
- Better understand the wide range of financial services available to them
- Increase their use of savings accounts and insurance products
- Better manage their credit
- Diversify their assets
Today, Opportunity International has more than 400 modules available for loan officers to use with Trust Groups. Our modules are designed to enable every client, regardless of his or her background or education level, to make informed and confident choices about financial products and services.
They also give clients access to information on health, leadership, self-esteem, gender, communication, work-life balance, civic responsibility and more. The transformative training and development modules cover a wide range of topics pertinent to clients across the globe, such as:
- AIDS education in Rwanda
- inventory management in the Philippines
- domestic violence awareness in India
- business skills for the elderly and disabled in China
- business and life skills for teens in Nicaragua
Spotlight on Malawi: Savings Training Opportunity International developed a set of videos to help reach nearly 250,000 Malawian savings clients who were not receiving financial training. The videos are shown in banking halls while customers wait in lines to make their transactions. The first video focuses on savings, budgeting and debt management. Additional videos cover budgeting, basic business skills, insurance products and more. Opportunity will soon roll out this video program to additional countries, including Ghana, Uganda and Mozambique.