3-Day Financial Literacy Training Program Empowers Nepali Women

Our program, My Business My Freedom (MBMF), in Nepal, is making a significant impact by offering credit services to Nepali women. We do this by forming groups and encouraging members to save and invest. Our goal is to combat trafficking and provide a sustainable income source. This initiative has helped numerous women achieve financial independence.

Recently, our team in Nepal conducted a 3-day Financial Literacy Training Program, which saw participation from a total of 46 individuals coming from 11 different MBMF women’s groups. The program aimed to teach them how to use their financial resources wisely and sustainably.

Financial literacy is crucial because it empowers people to make informed financial decisions, understand financial products and services, and effectively manage their finances. Since the women in these groups needed education in this area, our program was designed to help them gain a deeper understanding and make wiser use of their resources.

The following were the topics that were tackled during the training:

1. Introduction to Financial Literacy: Financial literacy basics and the objectives of the training.
2. Personal Finance Management: Saving, bookkeeping of daily transactions, calculation of profit, allocation of income to different expense heads, and comparing income and expenses.
3. Information about Different Banks, Bank rates, and Debt management: Selecting the right bank for savings, comparing bank rates, choosing the legal bank and cooperatives to take loans, and learning how to avoid being scammed with their money.
4. Entrepreneurship and Economic Development: Mobilization of available resources, loan advantages, expansion of business, and sustainability.

Overall, the program was a tremendous success! It was interactive and highly informative to our aspiring women entrepreneurs.

It was an enlightening session that further equipped the participants on their financial literacy and freedom journey.

WE NEED YOUR HELP

Help stabilize Nepali women with a small business loan. Your donation of US$200 will go a long way. Click on the links below to learn more.

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