Tag Archives: Financial Health

The Borrow Wisely Campaign 2018 reached over 300,000 people. Join us in 2019!

The Borrow Wisely Campaign strengthens borrowers’ financial literacy knowledge and skills through educational materials, client workshops and one-on-one engagement between borrowers and loan officers. Our final evaluation results of the 2018 Borrow Wisely Campaign are impressive: 24 Campaign partners across 16 countries in Europe and Central Asia reached 311,363 people with campaign messages! Our partners educated people directly (individual meetings, workshops, ...

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MFC’s 2018 Annual Highlights: Top Resources and Activities

What a busy and successful year 2018 was for the MFC! We are thrilled to bring you this review of our key activities and achievements. Enjoy and benefit from the resources we’ve prepared for you! This year, we’ve been working hard to help advance best practice and develop financial inclusion by: Supporting microfinance institutions digitalization: FinTech mapping: We conducted mapping studies ...

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International Workshop on Saving Group Movement in Europe

On the 19th of June 2018, the Hague University of Applied Sciences hosted an international workshop “Saving Group Movement in Europe: A new way to foster financial and social empowerment” in partnership with the Microfinance Centre and Metlife Foundation. This workshop focused on the potential of savings groups for micro-entrepreneurs and citizens who can benefit from improved skills to manage their finances at ...

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The 2018 Borrow Wisely Campaign is Over, but the Impact Goes on…

‘Are you kidding me? This is unbelievable! A financial institution that is taking care of me and my budget? From the bottom of my heart, thank you and MFC for this kind of support!’ A MI-BOSPO client Throughout October, 24 different financial institutions took part in the MFC’s fifth annual Borrow Wisely Campaign. Borrowers from 16 countries in Europe and Central Asia ...

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Toward a Financial Health Tool for Consumers: Test Results Summary

  The Microfinance Centre and Center for Financial Inclusion at Accion are working together to build a financial health tool to assist customers with gauging and improving their financial health, and to assist financial institutions to help them do so as well. During the first phase of the project MFC developed simple financial health quiz, helping people find out how financially healthy their ...

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Building Financial Capabilities and Strengthening Institutions through Customer-Centered Innovations

  Time and time again we observed that personal money management skills are crucial for survival of microenterprise, while building up the savings significantly improves the resilience towards economic shocks of the family and helps pursuing the family’s dreams. Thus for years MFC has been working on improving financial health of the low income people. Today, the behavioral economy research shows, ...

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2017 Borrow Wisely Campaign Results

We are pleased to share with you the final evaluation results of our 2017 Borrow Wisely Campaign! The Borrow Wisely Campaign is an international initiative to promote customer protection standards and financial education. The Campaign is realised with our partners, which use an opportunity to re-confirm customers care orientation and commitment to responsible finance. The fourth edition was realized in ...

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Project „Taking Financial Health Tools to the customer” was launched

MFC and Accion are partnering on an action research project aimed at creating a digital tool (mobile phone application or responsive web site) that will support microfinance clients in changing their financial behavior. The digital solution will also help financial providers to learn more about the behaviors and interact more frequently with their clients. Read more about the project.   ...

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The productive workshops on digital tool for financial health improvement took place in Warsaw

The workshop is part of the project Taking Financial Health Tools to the Customer in Eastern Europe and Central Asia implemented by MFC in cooperation with Center for Financial Inclusion at Accion. The project aims at creating digital tool that promotes the measurement and improvement of people’s financial health and will be used by FIs and NGOs in their interactions ...

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Borrow Wisely Campaign: The first results are available!

  We are pleased to share with you the first results of our 2017 Borrow Wisely Campaign! During the month of October, our partners from 15 countries were able to reach out to over 235 000 of people. Through face to face meetings, workshops, text messages, Facebook, and websites our members were educating their clients about the rules of wise borrowing. ...

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