ILO s approach and experience in financial education

Transcription

1 ILO s approach and experience in financial education Yousra Hamed International Labour Organisation

2 Macro: Policy makers and regulators ILO s programme on Financial Education : With whom?

3 Macro: Policy makers and regulators ILO s programme on Financial Education : With whom? Meso: National partners and multipliers Micro: Beneficiaries: MF clients Migrants and their families Youth Women Employees/Workers

4 ILO s programme on Financial Education : Where? Regional Asia North Africa Sub- Saharan Africa Families and Women Overview of Training Materials Migrant Workers and their families West Africa: Trainer s Manual (French, Spanish) Cambodia: Trainer s Manual (English, Khmer) Indonesia: Trainees & Trainer s Manual (Indonesian) Mongolia: Trainer s Manual (Mongolian) Senegal: Trainer s Manual (French, Wolof) Cambodia: Trainees & Trainer s Manual (English, Khmer) Mongolia: Trainees Guide (Mongolian) Indonesia: Trainees & Trainer s Manual (English, Bahasa) Thailand: Trainer s Manual (English) Tunisia: Trainee's Guide (French, Arabic) Morocco: Trainees Guide (French) Egypt: Trainee s Guide (Arabic, forthcoming) Senegal: Trainees & Trainer s Manual (French, Wolof) Youth Nepal: Trainees & Trainer s manual (Nepali); Indonesia: Trainer s Manual (Bahasa) Morocco: Trainees & Trainer s manual (French, Arabic). Tunisia: Trainees Guide (Arabic) Mauritania: Trainees & Trainer s manual (French, Arabic) DRC: Trainees & Trainer s manual (French) Workers and Farmers Africa: Trainees & Trainer s Manual (English) Zambia: Insurance Trainer s Manual and educational posters (English) Generic manuals for Financial Education: North Africa: Trainer s manual (French, Italian and Arabic forthcoming) and Central and Latin America (Spanish, forthcoming). Download trainees manuals from our site: bit.ly/ilo-fe. Contact us at sfp@ilo.org for trainers manual.

5 Consultative inclusive process to come up with a common curriculum/fe content ILO s programme on Financial Education : How?

6 What are common channels used to deliver financial education in the ILO programmes? Training of trainers Training workshops Monthly short briefing for MFI s clients Individual counseling for households Media insurance education campaign: radio, street theater, video Rap music/songs writing workshops and concerts

7 Certification process: 2. Taking part successfully in a ToT Minimum of 3 training cycles 1. Selection as a trainer 3. Training beneficiaries from your target group 5. Certification as a national trainer 4. Satisfactory evaluation 1 cycle is coached and the last is evaluated 1 cycle : 18 séances essentielles (26h)

8 Monitoring: ILO Financial Education Portal

9 Thank you Yousra HAMED Tehchnical Expert Social Finance International Labour Organisation For more info, visit our FE web page :

10 AMK - Cambodia AMK applied an indirect training approach focusing on increasing financial education and training capacity of staff and delivering key message in group meetings throughout the loan cycle. RCT s results Strongest positive impact on the repayment behaviour of clients: Reduction of 3.4% in late payments Significant and positive impacts on: Asset building through 10% increase of insurance uptake, Financial attitude through 8% reduction in clients believe that it is impossible to save, 1% increase in clients association of savings and security, through improved handling of debt, as well as attitude towards borrowing

11 Vision Fund-Cambodia VFC applied a direct training approach and implemented training sessions with clients (2 days course). RCT s results Some impact on financial attitude and risk management 10% decrease of negative perception towards insurance Partially improved attitude towards savings 9% increase of setting money aside for future emergencies 22% increase in ability to put money aside for emergency expenses; Little evidence with respect to asset building (except for 8-10% increase of savings incidence); Many mixed and counter-intuitive results for multiple borrowing/overindebtedness and vulnerability.