ENHANCING FINANCIAL EDUCATION FOR VULNERABLE WOMEN
By Alex Bwaluka | Executive Director
Charity Centre for Child and Youth Development has strong establishments with communities in Northwestern Province. Financial literacy programmes have been one of the core businesses among other activities that CCCYD undertakes besides the financial empowerment progarm. For several years now CCCYD has conducted several trainings in different districts of North-western province of which Solwezi is one of the Districts. However, in the Month of June 2022 CCCYD trained 20 micro-entrepreneurs in financial literacy education. .
The objectives of the Micro Business Simulation (MBS) trainings are as follows:
Understand what entrepreneurial thinking and acting means and apply it throughout the simulation
Get to know challenges and opportunities of micro enterprises and how to react on them
Understand basic accounting and controlling principles and apply simple financial tools throughout the simulation
build up a deeper customer understanding and basic marketing knowledge
recognize market dynamics and rivalry
Know the relationship between micro finance institutions and clients and understand implications thereof.
CCCYD carried out the MBS training for some of its recipients of the Social Cash transfer and other micro business entrepreneurs to which some of them uses for business activities in order to lessen on government dependence. During the training participants were extremely expectant and some of their prospects were as follows:
Understand how to grow a business
Get certificates and capital
To know how to calculate profit and loss
To know how to handle customers
Know how to overcome obstacles in business
Know how to generate capital
Our organization realised that providing micro-loans to small scale entreprenuers without the financial education has contributed to a high number of defaulters hence affecting the micro-loan progarm. Therefore, this programs aims at empowering vulnerable entrepreneurs with financial education in the community as part of the Coronavirus relief Fund.
Project reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.
If you donate to this project or have donated to this project, you can recieve an email when this project posts a report. You can also subscribe for reports without donating.
Give the gift of stability in a time of instability. Set up an automatic, monthly gift now and get matched at 100%—because the COVID-19 pandemic has hurt us all, and it will take all of us to overcome it. Terms and conditions apply.
Monthly giving is as easy, safe, and as inexpensive as a Netflix subscription. Start a monthly donation to Charity Centre for Children and Youth Development today and get matched at 100%. Terms and conditions apply.