Promoting Inclusive Markets and Financial Systems
The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter.
FinMark Trust, with the assistance of a team from the consulting firm Genesis Analytics, developed a Financial Education ToolKit. This is an abridged version of the FE ToolKit pack. Interest in financial education (FE) has increased across the world and it is now widely recognised as an effective tool to help the poor manage their little and irregular finances. However, impact studies have shown that for FE to be an effective tool, it needs to be tailored to the needs of the people it is aiming to help. Given that research has shown that the ability to make wise financial decisions and people’s level of financial wellbeing improve with the level of their financial literacy, it was opportune for FinMark Trust to examine the current FE programmes available in an attempt to help identifying best practices and provide guidance for adapting FE programmes to be more effective and at the same time provide general learning’s for designing and implementing effective FE programmes.
The abridged FE ToolKit can be found at the following link:
The unabridged FE ToolKit can be found at the following link: