Vulnerable & Underserved

Programmes | Articles

Programmes

Key financial education programmes targeted at vulnerable and undeserved people are listed below, by category. 

Government programmes | Civil Society programmes | Private sector programmes

Government programmes

• Life Skills Education for Indigenous people, The Indigenous Land Corporation (ILC), Australia

• Economic and Financial Literacy, Austrian National Bank/Oesterreichische Nationalbank (OeNB)

• Consumer Education and Financial Literacy Programs, The Financial Consumer Agency of Canada (FCAC)
• Project Financial Literacy, Reserve Bank of India
• Investors communication, Treasury Debt Office, Italian Ministry of Economy and Finance
• Partnership Development, FSA, United Kingdom
• Financial education program, U.S. President's Advisory Council on Financial Literacy, United States

Civil Society programmes

• Social and Enterprise Development Innovations (SEDI), Canada
  SEDI launched as a Canadian Centre for Financial Literacy in November 2008.
  Through the Centre, program facilitators at organizations in Ottawa, Lac Seul First Nation (Ontario), Toronto and in communities in New Brunswick, Northeast Ontario and British Columbia will be trained to deliver financial literacy services to underserved groups. In each of these communities, the Centre will be working with low-income serving organizations to build their capacity to deliver financial literacy supports to the people they serve.
• Financial education programmes for children and adults, a+b=3, www.aandbmake3.com, Hong Kong China
• The Back on Track project, Omille jaloille, Finland, http://www.omillejaloille.fi/etusivu/in_english
  The aim of the Back on Track project is to help people with severe payment and debt problems who fall outside the money and debt counselling services. Its particular goal is to reach people with a background of criminal activity or substance abuse, psychiatric patients, people suffering from game addiction and members of other marginalised groups.
• Plan Your Future, Microfinance Centre for Central and Eastern Europe (MFC), Poland, http://www.mfc.org.pl/finedu.html
• Financial Assessment and Education, Women´s World Banking (Banco Mundial de la Mujer), Spain
• Civil society programmes in Uganda
• Blog addressing financial inclusion http://neftriplecrunch.wordpress.com/tag/financial-exclusion/, The New Economics Foundation NEF), United Kingdom 
• MyBnk Programmes, MyBnk, United Kingdom
• Aflatoun Child Social and Financial Education (CSFE), global reach
• Financial Services for the Poor, Bill & Melinda Gates Foundation, http://www.gatesfoundation.org/topics/Pages/financial-services-for-the-poor.aspx
  The foundation is working to expand the availability of savings accounts and other financial services for poor people in the developing world.

Private sector programmes

• Abacus Living Free with Effective Money Skills, Abacus for Money, Malaysia
• Abacus Self-Empowerment Network (ASEN), Abacus for Money, Malaysia
• Abacus Personal Financial Coaching, Abacus for Money, Malaysia

Articles

Key articles on vulnerable and underserved people are listed below, in alphabetical order, by author/institution:

A | B | C | D | E | F | G | H |  I |  J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

A

• Asobancaria (2008), Balance de la Bancarización en Colombia, Semana Económica, November 2008.
• Steve Anderson et al.(2002), Financial links for low-income people (FLLIP): an evaluation of implementation and initial training activity, School of Social Work University of Illinois at Urbana-Champaign, December 2002
• ANZ bank (2005), Adult financial literacy, personal debt and financial difficulty in Australia, 25 November 2005 (see also full report).
• ANZ bank (2005), ANZ Financial Literacy and Inclusion: Global Benchmarking Report 2005, September 2005.
• Adele Atkinson (2007), Financial capability amongst adults with literacy and numeracy needs, Personal Finance Research Centre, University of Bristol, January 2007.

B

• Bertelsmann Stiftung (2004), Finanzieller analphabetimus in Deutschland: schlechte voraussetzungen fur eigenverantwortliche vorsorge, March 2004 (in German only).
• Elizabeth Bell, et al.(2005), Strengthening private sources of retirement savings for low-income families, The Urban Institute, Opportunity and Ownership Project, No. 5, September 2005.

C

• Cato Institute (1998), The Benefits of Social Security Privatization for Women, SSP No. 12, 20 July 1998.

D

• UK DWP DTI (2006), Tackling over-indebtedness, Annual Report 2006.

F

• Pamela Friedman (2005), Providing and Funding Financial Literacy Programs for Low-Income Adults and Youth, Strategy Brief, Finance Project, September 2005.
• FSA, Financial Risk Outlook
  

G

• Georges Gloukoviezoff, (LEFI - Université Lyon2) and Jeanne Lazarus (EHESS Paris), 2007, Évaluation d’impact des Crédits Projet Personnel du Secours Catholique, Rapport intermédiaire, Mai 2007 (in French).

H

• HM Treasury, Financial inclusion: an action plan for 2008-11, December 2007.

I

• Institute of Policy Analysis and Research (2007), Poverty Reduction Through Enhanced Access to Financial Services: Case Studies of Botswana, Kenya and Namibia, Occasional Paper No. 010/2007, A Southern and Eastern Africa Policy Research Network Research.
• Institute for Women’s Policy Research (2000), Why privatizing social security would hurt women, IWPR Publication # D437RB, March 2000.

J

• Katy Jacob et al. (2000), Tools for Survival: an analysis of financial literacy programs for lower income families, Woodstock Institute, January 2000.

K

• Elaine Kempson (2005), Incentives to Save: Encouraging Saving Among Low-Income Households, Personal Finance Research Centre,University of Bristol, March 2005.
• Elaine Kempson et al. (2004), Policy level response to financial exclusion in developed countries: lessons for developing countries, The Personal Finance Research Centre, University of Bristol, September 2004.
• Sophie Korczyk (2003), Women and Individual Social Security Accounts in Chile, Australia, and the United Kingdom, The Public Policy Institute, AARP, July 2003.

L

• Cazilia Loibl and Tahira Hira, Effects of financial education on self-directed financial learning and career satisfaction of lower-level, white-collar workers
• Angela Lyons and Erik Scherpf (n.d.), Moving from unbanked to banked: evidence from the Money Smart Program, previously published in Financial Service Review, vol. 13/3, pp. 215-231.

N

• National Council of La Raza (2004), Financial Education in Latino Communities: Analysis of Programmes, Products and Results/Effects, December 2004.

R

• Dory Rand (2004), Financial education and asset building programs for welfare recipients and low income workers: the Illinois experience, an essay prepared for the Local Innovations in Welfare and Work Series, The Brookings Institution, Center on Urban and Metropolitan Policy, April 2004.
• RMIT University (2007), Saver Plus–encouraging savings and increasing financial capabilities among low-income families, June 2007.
• RMIT University (2005), Improving Techniques for Evaluating Financial Literacy and Inclusion Programs 

S

• Social and Enterprise Development Innovations SEDI Canada (2004),  Financial Capability and Poverty, Discussion Paper, July 2004.

W

• Washington University, St. Louis (2000), Saving and asset accumulation strategies used by low-income individuals, Center for Social Development, Working Paper 00-17.
• Woodstock Institute (1997), Currency Exchanges Add to Poverty Surcharge for Low-Income Residents, Reinvestment Alert, Number 10, March 1997.