Financial literacy is the key to a debt-free society

    • 29 may, 2024

      Financial literacy is the key to a debt-free society

      Financial expert Brasilov Zhandos Rakhmetullaevich conducted a one-week training course on financial literacy among students and employees within the framework of the "Debtless Society" project organized by the Youth Policy Center.

      The main goal of the project is to increase the financial literacy of the population.

      To date, about 6.3 million Kazakhstanis have not repaid bank loans. Affordable loans, high interest rates from financial institutions, and most importantly, low financial literacy – every year increase the growth of the population's debt. The problem of the debt burden of a part of the population requires a systematic solution. At the moment, more than 1 million people have a delay on at least one loan.

      Project target groups:

      • those who have loan arrears and are on the list of debtors;
      • people who have current loans and may have delays on them;
      • those who want to start a business, receiving preferential loans, financed under state programs.

      Purpose of training

      • Be able to draw up a personal and family budget, analyze the possibility of obtaining goods and services without a commodity loan, ways not to fall into the trap of loans and debts.
      • Be able to understand the terms of lending in order to analyze the credit market and make the right and most effective decisions.
      • Be able to distinguish between financial investment instruments and fraudulent activities of fraudulent companies.
      • Know how to protect their rights in bankruptcy proceedings of individuals.
      • Preparation of financial reports to determine the profitability of business projects, analysis of financial risks, formation of a financial "airbag".

      And most importantly, they increase the competencies in the field of financial literacy necessary to increase the well-being of the family. 40 employees and students of the university took part in the course, at the end of which special certificates were issued confirming the completion of the course. Also, a personal consultation of financial experts and a lawyer was conducted.

       

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