MICROCAPITAL BRIEF: Microfinance Center for Central and Eastern Europe and the New Independent States (MFC) Implements “Debt Management” Training in Poland

The Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States, an international network of approximately 100 microfinance institutions (MFIs), and the Polish Partnership for Financial Education, which is a program of MFC’s Partnership for Financial Education for Vulnerable Adults (FEVA), have introduced a training module for low-income families in Poland entitled “Debt Management.” The training module is based on materials developed by Microfinance Opportunities, a microenterprise research center based in the United States, and Freedom from Hunger, a nonprofit international development organization also based in the United States. As of November 22, 2010, 40 trainers from community organizations have trained approximately 600 low-income households on the subject of debt management. Of these participants, 85 percent have said that the debt management training was useful to them. The Polish Rural Development Foundation, a member of the Polish Partnership for Financial Education, is aiming to reach 2,000 households in the coming year.

By Christopher Maggio, Research Associate

[1] International Association of social finance organisations article: “Struggling against growing indebtedness in Poland”: http://www.inaise.org/en/node/701

Microfinance Center (MFC): http://www.mfc.org.pl/

Partnership for Financial Education for Vulnerable Adults: http://fevagroup.org/

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