You are currently viewing ACTIVITIES IN THE FINANCIAL SECTOR. Finance and financial literacy are fun for all ages

ACTIVITIES IN THE FINANCIAL SECTOR. Finance and financial literacy are fun for all ages

According to him, Igor came to his business idea ‘All of a sudden! But things were accumulating and everything was leading to this decision!’ Working as an employee no longer gave the satisfaction that I wanted to get, and the prospect of being a super-employed person working for someone else was also not making me happy.

Igor knew the problems of entrepreneurship financing and decided that he wanted to open a business related to the provision of microloans for small businesses.

When registering his business, Igor faced the fact that the specialists of state bodies did not understand how to register and how to control such a business, there were no analogues in the country. But Igor managed to defend the business idea. He took an active part in improving the legislation that regulates the activities of microfinance organizations/ credit unions, studied the experience of similar centers in other countries and gradually introduced the best practices to his business.

As a result, the center became known throughout the country. Igor began to be involved as an expert in the implementation of state programs in the field of nonbank financing and financial literacy, in exchange of experience with other countries.

Following the suggestion of Igor, a club of financial education coaches was created, which included initiative and competent specialists. Members of the club do a lot of work to improve the financial literacy of the population.

  • Reading time:2 mins read