On 27th October 2022, ILeap organized financial literacy training for market women at Abokobi Rural Community. The training increased financial knowledge of market women on how to manage their business or store by taking decisions on growth opportunities, diverse challenges, threats and business opportunities. Participants were made to consider diverse internal and external factors that influence their businesses. They learnt to prioritize, create a household budget and plan ahead, understand the importance of saving money to be able to achieve goals and increase quality of life.
Miss Carola Niederhauser, program facilitator and iLeap Director in-charge of Finance & Sustainable Livelihood Programs, stated that the objectives of the training are to train parents to strive to achieve optimal profit in the short term and long-term course of business. She stressed that parents & guardians will be equipped to make proper decisions using the various methods and tools available. Further, she explained that the training was undertaken to educate parents/guardians on how to utilize effectively the sources of finance.
To be able to diversify streams of funds to maintain the family budget. Mrs Veronica Asomadu, a participant observed that she has learnt how to keep records, set money aside at the end of every week/month, understood forecasting, ascertaining her profits and prioritizing needs over wants. Daniel Kesseboa, stated that he has learnt the relevance of savings and budgeting. Other participants were thankful to the iLeap for such an initiative and called for financial literacy support. The training which began at 9am ended at 11am with nearly 80 market men and women benefiting.