Liberia: 100 Women get Financial Empowerment training
The Microfinance Unit of the United Nations Development Program (UNDP) in collaboration with:
* the United Nations Capital Development Fund (UNCDF), and
* CARE International,
has completed a weeklong financial training program for more than one hundred women representing five community based organizations.
Speaking Monday during the graduation exercises held at the NETLIB Vocational Training Center in Congo Town, UNDP Microfinance Consultant at the Central Bank of Liberia, Kenyeh Barlay, said the training is under the Launch of an inclusive Financial Sector and the Village Saving and Loan Association Projects geared at making the women organize themselves, and enable them manage their funds properly.
Madam Barlay said the exercise was also intended to increase in women’s social capital and accumulation of female-controlled semi-liquid property, such as small livestock and household goods.
According to her, the training further increases women’s livelihood security and reduces their exposure to risks by encouraging savings, which means that members work with their assets and not with loan liabilities (debts ).