Close
Course Description:
The Financial Literacy and Microfinance program at St. Magdalen Institute (SMI) aims to empower students with essential financial knowledge and skills, preparing them to manage personal finances, start and grow businesses, and contribute positively to their communities. This course covers a broad spectrum of financial topics including budgeting, savings, investment, credit management, debt reduction, financial planning, and microfinance principles. Students will also explore the role of microfinance institutions in providing financial services to underserved populations, with a focus on entrepreneurship and economic development.
Through interactive lectures, workshops, case studies, and practical assignments, students will gain a comprehensive understanding of financial management and microfinance operations. They will learn to develop financial plans, assess financial needs, and access credit in a responsible manner. The program also includes real-world applications such as developing a business plan, accessing microfinance loans, and implementing a microenterprise. Graduates will be equipped to take on roles such as financial consultant, microfinance advisor, small business owner, and community economic development specialist.
The Financial Literacy and Microfinance program spans 1 year. It combines theoretical learning with practical applications, such as case studies, workshops, and internships. Students will have the opportunity to work with microfinance institutions, small businesses, and local communities to apply their knowledge and skills. The course culminates in a capstone project where students develop a microfinance plan to support economic development in a community or a small business initiative.
Upon graduation, students will earn a diploma in Financial Literacy and Microfinance. Career opportunities include financial consultant, microfinance advisor, small business owner, community economic development specialist, and roles in banks, NGOs, and government agencies. Graduates will be well-prepared to address financial literacy issues in underserved communities, support the growth of microenterprises, and foster economic empowerment through responsible financial practices. The program also provides a foundation for entrepreneurship and further studies in finance and business management.
Free
