A common barrier identified to financial inclusion and effective microfinance is low levels of financial literacy, leading to a lack of trust of financial institutions and of understanding how to build a sustainable business from a loan. Tailored training helps to overcome this educational gap to financial inclusion.
A fundamental part of the Deki partnership model is to ensure our implementing partners provide training which meets the needs of each entrepreneur as they progress through each loan, although this approach is unique to each field partner.
IADES Entrepreneur training programme
As part of the savings group which IADES runs, there is training to outlining the role and responsibility of each member
Explanation of the loan agreement according to SMART campaign guidelines
How to effectively manage loan repayments to avoid arrears
Building relationships with customers
How to avoid over-indebtedness and loan dependence
New Home’s entrepreneur training programme
Sessions for savings groups on the Village Savings and Loans Association (VS&LA) methodology
Pre-loan training in selecting, planning and managing business activities
Financial literacy and record keeping, covering goal setting and debt management
Value chain development
Gender Action Learning System (GALS) methodology for individual households