Here is the rewritten article in Markdown format: Mauritius Takes a Giant Leap in Financial Literacy and Education
In a bid to transform its economy into a cash-light, digital landscape, Mauritius has embarked on a comprehensive financial literacy program that aims to educate its citizens about the importance of financial planning and management.
The Importance of Financial Literacy
According to recent studies, there is a direct correlation between financial literacy and financial behavior. This highlights the urgent need for individuals to develop healthy financial habits. Unfortunately, the majority of financially literate adults in Mauritius lack basic knowledge of personal finance, emphasizing the importance of this initiative.
The Public Financial Literacy Project
To address this issue, the Mauritius Africa FinTech Hub has launched a public financial literacy project with a digital emphasis. The program is designed to foster experiential learning and dialogic delivery in Creole, supported by interactive tools.
Program Objectives
- Increase adoption of digital banking platforms
- Boost digital payment transactions
- Reduce consumer-level financial fraud
- Empower women as family budgeters and educators
- Drive behavioral change among key target groups (youth and SMEs)
Program Structure
The 18-month project is divided into four phases:
Phase 1: Front-end Evaluation of Literacy Levels
Conduct market research to establish existing literacy levels and needs.
Phase 2: Curriculum Development and Training of Trainers
Identify target stakeholder profiles, develop learning objectives, and select learning experiences. Train 20 Lead Trainers, who will then train 400 Community Trainers from various organizations.
Phase 3: Delivery of Interventions
Intensive multi-day training workshops for Lead Trainers, followed by train-the-trainer workshops for Community Trainers.
Phase 4: Impact Evaluation and Scalability Planning
Trained trainers deliver grassroots training to at least 50 participants per trainer, reaching a total of 20,000 individuals.
Contact Information
For more information on this groundbreaking initiative, please contact: Lisa Dosooye Head of Skills, Mauritius Africa FinTech Hub Email: lisa@mauritiusfinetech.org Phone: 5834 9146