Empowering rural women in Azerbaijan to be smart money managers

In January 2014, MFC and AMFA (Azerbaijan Microfinance Association) launched a joint project entitled “Building female professionals and promoting women entrepreneurship development in rural regions of Azerbaijan”, funded by the European Commission. A key project goal is to strengthen the capacity of rural women to manage their household budget. Using a new local-language version of our Plan Your Future module, MFC trained 45 local trainers (20 of whom went on to become certified) – who in turn have together trained over 500 women. These trainings gave women the motivation and tools to start tracking their incomes and planning their budgets – both critical money management skills.

This year, we are expanding the project by delivering further financial education trainings (at least 20) to (at least) 500 rural women in 4 regions (Goychay, Bilasuvar, Zagatala and Shamkir). Additionally, the AMFA team will conduct an impact survey among training participants in order to learn what household financial management tips they implemented, and what changes they noticed in their financial behavior and attitudes afterwards. At the end of the project (December 2016) we will write a “lesson learned” case study describing best approaches to financially empowering rural women, as well as the financial education evaluation results. We’ve also planned a national dissemination gala ceremony in November 2016 – stay tuned for more news on this! For more information about the project please click here >>>