The ILO Entrepreneurship Trainers Academy: launch of the new financial education track

Social Finance started working on financial education in 2006 with a small activity promoting financial literacy in Cambodia. Today, our financial education team aims to help people make informed financial choices and ultimately change their financial behavior through our training courses.

Article | 16 September 2019
The team draws on 15 years of experience in improving the financial literacy of people worldwide. Our financial education training catalogue was recently expanded with a set of materials targeting an Anglophone generic audience, and it includes budget planning, smart savings, prudent spending and borrowing, as well as appropriate risk management decisions.

To help spread this new generic version of the financial education training, Social Finance and ITC ILO launched a financial education track in the entrepreneurship trainers academy and a new training of trainers course (ToT) was designed to equip trainers with skills in both financial education and adult learning methodologies. The course is organized in collaboration with the International Training Centre of the ILO (ITCILO), in Turin, Italy, as part of the Entrepreneurship Academy. From 24 June to 5 July, on ITCILO’s premises, a diverse group of participants completed the second of three stages of their journey to becoming ILO-certified trainers.

Current and aspiring trainers from different countries and backgrounds studied the principles of adult learning during classes at the ITCILO, but also in an online learning environment. They also became familiar with related ILO initiatives that aim to foster entrepreneurship, such as Start and Improve Your Business, and Get Ahead. In a series of practical teaching and constructive feedback sessions, they put into practice the principles of adult learning and reflected upon how they could further improve their training skills.

The certification process does not end there. After the face-to-face training phase at the ITCILO, participants will return to their countries to deliver a series of recorded financial education courses, and afterwards finally present themselves to the final evaluation before becoming certified ILO trainers.

All participants were eager to learn and were enthusiastic about the topics and work covered. The course has now spawn a global network of aspiring trainers, which offers mutual support during the certification process.

These were some of the reactions of participants:

The course is of high value, thanks to the trainers and to the participants. We could see how they would implement different classes, and we also gained from their feedback.

I would recommend this training to anyone involved in training people.

The training methodology is very innovative. Materials are very applicable and adaptable to your situation back home, and to various different groups.

Aside from training people on how to run a business, it is important to teach them how to spend their money wisely, how to save, how to budget, and how to choose the right savings and insurance products.

It has been a highly educative and powerful experience for me, learning and sharing with people from all over the world, and giving the right kind of information that can help me have impact on the life of others.