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Financial education for migrants and their families

December 22, 2009

DUSHNBE, TAJIKISTAN (December, 2009) – Habitat for Humanity Tajikistan and its partner The First Micro Finance Bank held a 5-day training for consultants involved in the financial education of migrants and their families. The coaching took place in Dushanbe from December 15th to December 19th, 2009.

The weeklong training equipped consultants with knowledge and skills to analyzing and managing remittances. The main purpose of the exercise was to educate new trainers, stuff of Habitat for Humanity Tajikistan and local partner organizations responsible for holding workshops on financial education for low-income families. These are designed to help needy families manage budgets, repayments, as well as provide information on innovative financial housing products.

The training was organized as part of the project “Financial Services for Rural Areas” funded by International Fund for Agricultural Development (IFAD), and executed by Habitat for Humanity’s partner Micro Finance Center from Warsaw, Poland.

The International Fund for Agricultural Development (IFAD)
IFAD works with poor rural people to enable them to grow and sell more food, increase their incomes and determine the direction of their own lives. Since 1978, it has invested over US$11 billion in grants and low-interest loans to developing countries, empowering some 350 million people to break out of poverty. IFAD is an international financial institution and a specialized UN agency based in Rome. It is a unique partnership of 165 members from the Organization of the Petroleum Exporting Countries (OPEC), other developing countries and the Organization for Economic Co-operation and Development (OECD). Find out more at www.ifad.org

Micro-Finance Center for Central and Eastern Europe and the New Independent States (MFC)
MFC is an international, grass-root network of over 100 microfinance institutions from the region. Its mission is to contribute to poverty reduction and human potential development by promoting a socially oriented and sustainable microfinance sector that provides adequate financial and non-financial services to a large number of poor families and micro-entrepreneurs. MFC fulfils its mission by providing high quality services and building long-term relationships with the microfinance community. Find out more at www.mfc.org.pl

About Habitat for Humanity International
Habitat for Humanity International is a Christian non-profit organisation dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built and renovated more than 350,000 homes worldwide. In Europe and Central Asia, Habitat works in 20 countries with partners, donors and volunteers from the region. For more information, or to donate or volunteer, visit www.habitateurope.org.