The importance of financial education cannot be understated – it is something that covers the majority of everything we do.
One of the key aspects affecting an individual’s ability in accessing financial products is financial literacy. Financial literacy is a combination of financial, credit, and debt management knowledge that is necessary for an individual to make responsible decisions about their financial future.
As a consequence of the COVID-19 pandemic, with both national and personal finances hit across the world, financial illiteracy in disadvantaged communities will only widen disparity.
Financially literate consumers not only manage money with more confidence but also have a better chance of handling unexpected events in their financial lives by understanding how to prevent and manage issues.
At Rural Inclusion, we believe in the power of financial education and are developing the “Rural Inclusion Financial Education Programme (RIFE)”, which is due for launch in October 2021 in our pilot project in Uganda.
Our programmes will consist of the following:
- Saving and Spending
- Credit and Debt
- Risk Management and Insurance
- The Finances of a Business
- Digital Literacy
- Cryptocurrency and Digital Assets
Our educational programme will be delivered in rural communities free of charge, with a focus towards women in agriculture. We plan to form partnerships with local NGO’s, and will also offer the programme to NGO staff and local school teachers, so that financial education can be taught in other areas of the community.