Focus on Financial Literacy
We have seen that without basic financial training, many microcredit borrowers can end up worse off than before they took a loan. In our program, each Namaste Entrepreneur learns important cash management techniques, such as separating business money from personal money. Through culturally-sensitive education materials developed by the Freedom from Hunger foundation and participatory techniques, our clients learn by doing, along with a supportive group of cohorts. The education sessions are front loaded, offering Namaste entrepreneurs the ability to utilize the valuable lessons throughout the loan cycle. As a result, they gain control over their businesses, and their lives.