General Report
REFINE PROJECT
OBJECTIVES OF THE PROJECT
Connect refugees and hosts to financial institutions to access finance
provide business and digital mentoring to entrepreneurs.
ensure community accountability and reporting among partners
key activities
Train participants on financial literacy .
The topics covered were as follows.
Financial literacy
Budgeting
Savings
Loan management
Investment
INSURANCE
Insurance
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WHAT TRAINING TOPICS WERE COVERED The
topics covered were as follows.
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Outcome of financial literacy, budgeting, savings, investment, loan management The
beneficiaries have been able to learn how to manage their finances at home
and in their businesses as well, before they would spend money without
planning for it which creating more room for savings. Members have been equipped with knowledge of businessmangement where they have been taught how to startup businesses, why to startup a business and also how to run their businesses well The beneficiaries are now ready to get loans since they have acquired knowledge of how to get loans, why to acquire them, when to get them and why they should go for them which can help them improve their standards of livings. Members
have improved their savings skills as this can help them to tackle unexpected
circumstances in future, some of them would keep money on their tablespaces
but now keep money in the savings groups and a few have bought small saving
banks in their homes |
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The beneficiaries can now save and they are able to train others on how they can keep their money safely in saving groups and home banks for future use and for unexpected dangers like sickness. Beneficiaries are now able to invest in businesses because they were given startup capital in which they formed saving groups where they can borrow money to startup their own businesses. Some
beneficiaries had given up on loans because of their negative perception on
loans but after the training they are saying they ready to take up the loans
since they acquired the skills of loan management. Training participants on budgeting has enabled them mange their finances well at home yet before they would just use money
anyhow and this would affect their savings at home. Through
questions and answers session, participants said they have now understood
what has been making them fail in business and they captured the breakdown of
having good performance in business through planning, saving, investing and
working on financial disciplines. Participants have formed saving groups in their respective groups as they set their group rules that will govern their saving groups where beneficiaries will save and borrow from. This has been possible because they were trained in groups . |