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FEF has made grants to the following projects. The grants to Faulu Kenya and Mediae were made in partnership with The Financial Sector Deepening (FSD) Trust in Kenya. The potential for scaling up and replication was a factor in selecting these projects. FEF will be tracking their progress as they are implemented and sharing their experiences.
This project aims to deliver financial education to young women in the rural areas of Zambia. It will reach more than 8 800 people in eight districts over the two years of the project, and builds on the work that Camfed is doing in the country using education to empower young women.
Camfed is an international organisation dedicated to eradicating poverty in Africa
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This project is aimed at 54 000 current and potential clients of the microfinance company Faulu Kenya in the Western region of the country, where the population is a spread of both urban and rural, and will provide education and training on savings, debt management and budgeting.
Faulu Kenya is a microfinance company that offers credit products to the low-income
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This project targets young people in Uganda, where a large proportion of the population is under the age of 25, and aims to encourage positive savings behavior while also improving their general financial education. It will pilot a low-cost programme that has the potential for scale.
This project is a collaboration between Innovations for Poverty Action, FINCA Ug
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This regional project will be implemented in four countries. It aims to build the financial capacity of poor communities in 16 locations in Malawi, Ghana, Uganda and Mozambique who have limited access to financial services and lack awareness of different financial products.
Opportunity International provides microloans, savings, insurance and training to poor people aro
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Makutano Junction is a Kenyan educational drama series aimed at improving the management of personal finances. FEF will fund a financial education strand in series 9 and 10. Mediae will research the effectiveness of this media approach in collaboration with financial institutions.
Mediae is a development
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This intervention targets about 10 000 mineworkers in highly interactive workshops on a course in personal financial management at two South African mining houses, Goldfields and AngloGold Ashanti.
Teba Bank's client base is mainly migrant miners. Research shows that increasing numbers of mineworkers are
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The project aims to assist 10 000 people in South Africa to enter and remain in the banking system. The model seeks to provide a return on investment that makes it attractive for financial institutions to implement this as part of their core business rather than as corporate social investment.
Postbank is the lead organisation and will co-o
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This project will investigate whether radio is an effective way of reaching many people in a cost-effective and interesting way that leads to increased understanding of the use and value of short-term insurance, which could lead to consumers using this to mitigate risks.
The South African Insurance Association is
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This South African project will test the effectiveness of free money advice and a consumer recourse referral service by establishing a money advice office in a provincial Consumer Affairs Office, in an existing NGO, and in an independent not-for-profit organisation.
A consortium consisting of the Department of Tr
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Established in 2009, the ACDEP Financial Education project (AFE) deals with sustaining an innovative linkage between small-scale farmers (6108 farmers in 186 communities) and banks. In its first year, AFE had linked 5,366 famers with 11 rural banks with a total credit disbursement of 180,970 Ghc. Another of AFE’s outputs is to prepare a capacity building implementation plan on Fin
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The CI project is premised on the gap in financial knowledge in the face of increased demand for advice, in both Kenya and Tanzania. The project’s overall objective is thus to create an enabling environment towards empowering consumers to make informed decisions about their money and the financial products they buy.
Specific objectives are to (i) strengthen
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This project seeks to discover if teaching people the knowledge, understanding and skills, and encouraging them to develop the correct attitudes, will help equip them to make sound personal finance decisions. In partnership with Three Enamels, the FinLit Foundation is designing and developing software and a log-book, called Teggera Essente Zzo (Understand your Money), and is carry
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The IPA project stems from numerous surveys and research projects that have highlighted a significant lacking in knowledge, amongst individuals in both developed and developing countries, to make informed financial decisions. Additionally, recent analyses have contributed to the growing evidence of a correlation between financial literacy and well-being. However, there remains a signifi
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The Population Council, together with partners, has been implementing a project developing savings accounts for vulnerable adolescent girls in two financial institutions in Kenya and two in Uganda, since June 2008. These accounts are delivered in a supportive program platform in which the girls meet weekly with their savings group, including the financial institution field officer
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To address the many and varied financial education needs in Zambia, in 2010 the Bank of Zambia initiated a programme built on the Financial Sector Development Plan (FSDP) to develop a national financial education strategy. This strategy was designed to galvanise the efforts of various stakeholders, in order to achieve a wider and deeper impact from resources that were being deployed for
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