Developing appropriate Financial Literacy (FinLit) materials

Adult education requires more innovative methodologies relevant to the absorptive capacity and the culture of the participants. PFTAS has developed practical materials that can be used by MFIs to introduce new financial concepts, effect change in attitude and reinforce financial discipline among its clients. One of the main materials developed by PFTAS was the flipchart. …

6 Features of Effective Financial Literacy Materials

Financial literacy is considered as one of the main tools to prevent over-indebtedness that has plagued many microfinance borrowers. A consistent and effective financial literacy program will ensure that borrowers receiving loan funds will use them for its intended purpose and will not divert it for non-productive purposes. One main concern however is the perception…