Life Skills TrainingSaveAct’s Life Skills Training (LST) programme aims to provide basic social and financial literacy skills to savings group members, many of whom struggle to manage their personal and household finances. In a typical rural household, state support in the form of pension, disability and child-support grants, are often the only source of income. As a result, families are economically vulnerable. Events such as death or illness often place a heavy financial burden on people, making them susceptible to offers of loans from micro-lenders or mashonisas, some of whom charge up to 50% interest on loans. The Financial Education Training (FET) is aimed at building individual capacity in financial planning. Thus the training also includes accessible information about various financial services (including those of the SCG), and other products and investment opportunities in the market.
As a by-product, this training is also aimed at empowering members to speak out about the challenges they face and share that information with others. In this way, we believe the potential is introduced for a collective approach to taking action and finding solutions.
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It is envisaged that the training will give participants the tools needed to escape the cycle of poverty, make informed financial decisions, live a more secure life and plan for the future.