The Evolution of the Codevi Financial Literacy Trainers

IMG_8132.JPG

The 10 financial literacy trainers, with their blue lanyards that say “Konseye Edikasyon Finansye” (Financial Literacy Counselor). This allows other workers to identify the trainers so they can reach out to them for questions regarding their family finances and savings strategies.

The 10 Codevi financial literacy trainers continue to inspire change in their community. These 10 workers completed the first financial literary course in 2014, in 2015 participated in a series of trainings to become financial literacy trainers, and in 2016, graduated their own students from the course. This month, SolKomYo engaged them one step further, and now they will be helping communities put the saving strategies that they learned into practice by creating self-financed community banks. These banks are a safe, accessible space for community members to increase their savings and take out loans.

Some of the trainers leading their classes in financial literacy. Both Codevi workers and members from the community were invited to participate in the course.

We selected the trainers to begin setting up savings groups in their community. Before completing the training, all 10 decided to form a savings group themselves, naming themselves the Association of Young Workers. They decided all of the rules for their group, including the meeting place, the meeting time, the interest rate, and the amount of loans each member is permitted to take out. By having the group set the rules of the bank for themselves, a truly bottom up process empowers the group to be fully autonomous, allowing the bank to continue operating for the longterm without reliance on external support.

img_0617

During the savings group training, the trainers set the rules for their self-financed community bank.

Once the trainers thoroughly learn this process, they will begin to set up groups in their community and among financial literacy graduates from the course.

When we think about when SolKomYo first encountered the “Association of Young Workers” two years ago, the point of our interventions have come a long way. From a student, to a trainer, to now a savings group leader, these individuals have been empowered on many levels to become community change leaders and spread the knowledge and leadership they have gained during these programs. They continue to be very driven by what they have learned and are enthusiastic about the impact that financial literacy training has had on their family finances, as well as the impact it has had on the participants of the course.

img_7593

The trainers during the Financial Literacy Graduation in April 2016. They received certificates for the work that they accomplished.

Stay tuned- because the “Association of Young Workers”  is already asking about the possibility of being trained as SolKomYo Community Entrepreneurs!

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s