NEWS

The Global Financial Education Program launches three new financial education modules, Remittances: Make the Most of Them, Young People: Your Future, Your Money and Risk Management & Insurance: Protect Your Families Future. Read descriptions of the modules here.

Citi Foundation awards Microfinance Opportunities $500,000 grant for the year 2009. Read full summary here.

FSD Kenya is fostering the development of a national financial education program. In May 2008 it sponsored market research to address key questions that will inform a strategy for such a program. Read the report here.

The Global Financial Education Program releases its working paper, Financial Education: A Bridge between Branchless Banking and Low-Income Clients. Read the article here.

GFEP research on mobile banking and bank cards is published in Microfinance Insights. Read the article on the here.

Financial literacy is an increasingly important issue for technology-based financial services. Read about GFEP's findings here.

Banca de las Oportunidades in Colombia contracted GFEP to help them roll out a national financial eduation program. GFEP conducted a TOT for their network in October. Read details in Spanish here.

Members of the GFEP Youth module development team presented at the Youth Microenterprise Conference. Click here to view their presentation.

The Global Financial Education Program made a commitment at the Clinton Global Initiative in September 2006 to increase the adoption of technology-based financial services through financial education.

In March 2006, the Global Financial Education Program was included in Citigroup's commitment made at the Clinton Global Initiative.

What is the Global Financial Education Program?

The Global Financial Education Program is the first large-scale program targeted at those just above and below the poverty line in developing countries. It is led by a strategic partnership between two U.S. based organizations, Microfinance Opportunities and Freedom from Hunger. The Global Financial Education Program develops curriculum targeted to low income households and trains a broad range of service organizations to use it.

The Global Financial Education Program now focuses on three main activities: 1) disseminating its curriculum around the globe through training of trainers events and technical assistance; 2) developing new curricula; and 3) measuring outcomes of financial education programs. For all activities, the program is looking for institutional partners to join a growing global network of financial educators.

The initial funding for the program came from the Citi Foundation. More recently the program has received funding from AMFIU/DFID, Bansefi/USTDA, Banca de las Oportunidades and Omidyar Network.