{"id":1007,"date":"2017-03-27T16:54:47","date_gmt":"2017-03-27T14:54:47","guid":{"rendered":"https:\/\/www.namfisa.com.na\/educates\/?post_type=did_you_know&p=1007"},"modified":"2025-07-20T22:58:36","modified_gmt":"2025-07-20T20:58:36","slug":"sme-as-the-focus-for-financial-literacy-initiative","status":"publish","type":"post","link":"https:\/\/www.namfisa.com.na\/educates\/sme-as-the-focus-for-financial-literacy-initiative\/","title":{"rendered":"SME As The Focus For Financial Literacy Initiative"},"content":{"rendered":"\t\t
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Initiative Activities<\/h3><\/span><\/div>
\n\n\u201cTHE NUMBER\n\nONE PROBLEM\n\nWITH TODAY\u2019S\n\nGENERATION\n\nAND ECONOMY\n\nIS THE LACK\n\nOF FINANCIAL\n\nLITERACY\u201d -\n\nAlan Greenspan\n\n<\/blockquote>\n\nAlan Greenspan said those words and is the reason the national Financial Literacy Initiative was estab-lished \u2013 to eliminate this problem.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Initiative Activities<\/h3><\/span><\/div>
The Initiative has been busy with activities to edu-cate the nation at large.\n\n

\n\nSince its first year celebration on 15 March 2013, the Initiative\u2019s 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.\n\n

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Training-of-Trainers Programme<\/h3><\/span><\/div>
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.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Upgrading the Training Manual<\/h3><\/span><\/div>
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.\n\n

\n\nRiturumikua Hei\n\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Takeaways<\/h3><\/span><\/div>
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Growing the Movement Since 2013<\/h3><\/span><\/div>
Since its first anniversary celebration on 15 March 2013, the FLI has been actively expanding its reach, focusing especially on:<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • <\/span>Micro Enterprises<\/li>
  • <\/span>Small and Medium Enterprises (SMEs)<\/li>
  • <\/span>Young entrepreneurs<\/li>
  • <\/span>Community-level financial awareness<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Empowering MSMEs Through Training<\/h5><\/div>
    One of FLI's core educational tools has been training programs for MSMEs (Micro, Small and Medium Enterprises). Through its various outreach activities:<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • <\/span>Over 1,000 micro-enterprises have already received training<\/li>
    • <\/span>The goal is to improve financial and money management skills at the grassroots level<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      Partnership for Impact<\/h5><\/div>
      FLI partnered with SME Compete to launch a Training-of-Trainers Programme. This allows trained SMEs to:<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • <\/span>Travel to different regions of Namibia<\/li>
      • <\/span>Train other micro enterprises on basic financial management<\/li>
      • <\/span>Share real-life financial strategies for sustainable business growth<\/li>
      • <\/span>Surrender Charges and Fees: Early withdrawals are often subject to administrative or surrender charges, reducing the actual amount you receive.<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        <\/h5><\/div>
        \n Feedback from the field:<\/strong>\nMicro-enterprises view the training as beneficial, calling it the light needed to grow their businesses.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Upgrading the Training Manual<\/h5><\/div>
        To strengthen its impact on the SME sector:<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        • <\/span>FLI is currently working with SME Compete to develop a new training manual specifically tailored for the SME segment.<\/li>
        • <\/span>This manual will address real-world challenges and provide practical financial tools.<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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          <\/h5><\/div>
          Goal:<\/strong> Reach more SMEs in need of financial knowledge and help them build sustainable businesses.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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          <\/h5><\/div>
          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.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

          Initiative Activities \u201cTHE NUMBER ONE PROBLEM WITH TODAY\u2019S GENERATION AND ECONOMY IS THE LACK OF FINANCIAL LITERACY\u201d – Alan Greenspan Alan Greenspan said those words and is the reason the<\/p>\n","protected":false},"author":1,"featured_media":1008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[424],"tags":[],"class_list":["post-1007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-didyouknow"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/comments?post=1007"}],"version-history":[{"count":7,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1007\/revisions"}],"predecessor-version":[{"id":35938,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1007\/revisions\/35938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media\/1008"}],"wp:attachment":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media?parent=1007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/categories?post=1007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/tags?post=1007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}