As the CODEVI Industrial Park is expanding, SolKomYo is committed to continuing supporting the workers. For the fourth consecutive year, SolKomYo has offered a program that provides financial education to textile workers and community members to provide them with the knowledge and strategies to become more financially secure.
Photos from the financial literacy course that SolKomYo offers to textile workers and community members.
The 10 Financial Literacy Trainers from CODEVI who conducted the last phase of the financial literacy training are leading this program. The trainers have been involved in the Financial Literacy Program since 2014, and have since become experts on the subject, have formed their own savings groups, and have advocated financial literacy within the factories and their communities.
This year, each trainer mobilized groups of 10-20 participants, including current and former textile workers as well as community members. The financial literacy course is offered in two parts: the first introduces the participants to themes of household cash flow and the different categories of expenses, and the 2nd course teaches debt management and savings strategies. The participants receive the option to join a savings group as an immediate solution, which provides a safe place to save and take out loans.
Since 2014 when the course was started, over 750 textile workers and 150 community members have graduated from the course. The SolKomYo goal is to continue spreading financial literacy and security to all the workers and community members so that access to financial services is a reality for everyone. Our successes to date are thanks to the commitment and support of the Levi Strauss Foundation.