The Government thru the National Anti-Poverty Commission (NAPC) and the National Credit Council (NCC), with support from the Asian Development Bank (ADB) and in partnership with the major stakeholders in the microfinance industry will undertake the development of a National Financial Literacy Program for the Poor. The Financial Literacy Program or FLP will involve a series of capacity building activities focused at increasing the public’s knowledge of financial concepts, skills and attitudes and to translate this knowledge into behaviors that result in good financial outcomes both for the providers and users of microfinance services.

The Program involves the development and design of modules using existing literatures and documents insofar as financial literacy and education is concerned. These modules will contain information on:

• The Microfinance Industry and Services offered by Microfinance Institutions
• Rights, Responsibility and Obligations of Players
• Basic Management Skills
• Business Development Services.

A critical mass of trainers will be established to facilitate the training of identified modules for microfinance clients. A series of Training-of-Trainers (TOT) sessions will be conducted with participants coming from MFIs, academic institutions, other civil society organizations involved in training and capacity building activities, basic sectors, regulators, local government units, government financial institutions and corporations. The pool of trainers and key partner institutions shall serve as the major channels for FLP implementation on a national scale.