The Microfinance Center (MFC) for Central and Eastern Europe and the New Independent States, an international network of approximately 100 microfinance institutions (MFIs), has concluded the second meeting of a policy working group for its Financial Education Program (FEP) for Low-Income Households in Uzbekistan. FEP aims to increase local capacity to spread financial literacy, adapt financial literacy tools to better service Uzbekistan and develop a national strategy to increase financial literacy. The program uses the “Plan Your Future” training module intended to promote “planning, saving, borrowing and effective use of financial services.” The first workshops for the program began in April 2010 and the program has a goal of training 800 low-income people, establishing 25 local “financial advisory points,” and reaching 10,000 households with a “social campaign.” MFC plans to disseminate the results of FEP at a conference planned for May 2011. The project is funded by the European Commission, the executive body of the European Union.
By Christopher Maggio, Research Assistant
[1] UzReport NewsWire article “Financial Education Program (FEP) for Low-Income Households in Uzbekistan”: http://newswire.uzreport.com/cgi-bin/view_relis.cgi?lan=e&id=1890
[2] MFC Overview of Financial Education Program for Low-Income Households in Uzbekistan: http://www.mfc.org.pl/finedu.html#uzbekistan
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