In Tanzania, we work to foster the financial inclusion of producer groups supported by the marketing infrastructure and system component of MIVARF (Marketing Infrastructure Value Addition and Rural Finance Project). Specifically, we are promoting access to financial services through savings accounts, as a first step towards using other services. For this, we have co-created financial education materials to foster demand for savings accounts among the rural poor.
We have combined extensive qualitative research, focus groups discussions and a verification workshop to develop 10 one-hour sessions and supporting illustrations. These materials were tested, iterated and finally presented during a Training of Trainers (ToT) event which took place in May 2017.
In parallel, an alternative technology based delivery channel has been developed. After collecting feedback from MIVARF participants on illustration and content, a Minimum Viable Product (MVP) of an Android application has been developed for smartphones and tablets. During the ToT events, two tablets were shared with trainers and participants to collect their initial reactions. The response was positive especially from family members who were able to use the tablet-based self-learning tool in their homes.
In Mozambique, we have provided support to the IFAD funded project ProPesca in strengthening financial knowledge and ultimately linking members of fishing communities to formal financial institutions. This included the reinforcement of the capabilities of the staff at the Propesca project to support and monitoring the savings groups methodology, as well as the development of Financial education content and the Training of Trainers to extension agents of the Provincial Delegation on the Financial Education content.
- Workshops in Personal Finance to IDEPA and Provincial Delegation staff (over 50 participants have been trained); Workshops on Savings and the role of savings groups to IDEPA staff (total of 20 participants trained)
- Development of Financial Education content: flipbook and trainers’ guide, exercises and games (paper-based tools)
- Training of trainers to extension agents of the Provincial Delegation on the Financial Education content: training skills and content of the different tools (total of 11 people trained – 7 from the districts and 4 from Maputo)
- Support to the test phase during which the trainers will deliver the Financial Education content in 10 sessions, 2 sessions per topic, which will last 15-30 minutes each (total number of beneficiaries is expected to be 600, though the estimation of members of the savings groups and fishing centres in the region is over 2,500 people).
In The Gambia, the CPM requested support from the Outreach Project to strengthen the capacities of local institutions key for financial inclusion.