Initiative Activities
“THE NUMBER ONE PROBLEM WITH TODAY’S GENERATION AND ECONOMY IS THE LACK OF FINANCIAL LITERACY” - Alan GreenspanAlan Greenspan said those words and is the reason the national Financial Literacy Initiative was estab-lished – to eliminate this problem.
Initiative Activities
The Initiative has been busy with activities to edu-cate the nation at large.
Since its first year celebration on 15 March 2013, the Initiative’s activities have been growing, with the focus being more on micro, small and medium enterprises. One of its activities, which focuses on educating MSMEs in Namibia, is training through the FLI, which has trained more than 1,000 micro-enterprises.
Since its first year celebration on 15 March 2013, the Initiative’s activities have been growing, with the focus being more on micro, small and medium enterprises. One of its activities, which focuses on educating MSMEs in Namibia, is training through the FLI, which has trained more than 1,000 micro-enterprises.
Training-of-Trainers Programme
FLI has partnered together with a service provider (SME Compete) to implement a Training-of-Train-ers Programme to train SMEs to go out to the differ-ent regions of Namibia and train micro enterprises on the basics of finances and money management. According to the trainers, the micro enterprises ap-preciate the training, deems it beneficial and sees the training as the light needed to grow their business.
Upgrading the Training Manual
This is the reason the Initiative decided to upgrade its training manual to cover the SME segment of the market. The initiative with SME Compete is in the process of developing a training manual to cover the needs of SMEs. With this new manual, which specif-ically targets SMEs, the aim is to reach more SMEs in need of financial knowledge.
Riturumikua Hei
Riturumikua Hei
Takeaways
Growing the Movement Since 2013
Since its first anniversary celebration on 15 March 2013, the FLI has been actively expanding its reach, focusing especially on:
Empowering MSMEs Through Training
One of FLI's core educational tools has been training programs for MSMEs (Micro, Small and Medium Enterprises). Through its various outreach activities:
Partnership for Impact
FLI partnered with SME Compete to launch a Training-of-Trainers Programme. This allows trained SMEs to:
Feedback from the field:
Micro-enterprises view the training as beneficial, calling it the light needed to grow their businesses.
Upgrading the Training Manual
To strengthen its impact on the SME sector:
Goal: Reach more SMEs in need of financial knowledge and help them build sustainable businesses.
By expanding its curriculum and leveraging partnerships, the Financial Literacy Initiative continues its mission to build a financially literate Namibia, one business at a time.