It is realistic that up to 70% of people living in rural communities and those living in slum areas in Freetown and other municipalities in Sierra Leone are described as financially an economically vulnerable.
Financial and economic inclusion is the opening up of financial and economic opportunities to under-served and non-served social groups. This is integral to achieving a transition towards sustainable growth and development. To complement the desire and aspirations of government in the attainment of SDGs 1 & 2, Foundation for Financial and Economic Inclusion was recently formed.
“We envisage groups that have been excluded for far too long and which have experienced disproportionate barriers to financial and economic opportunities, to be included or to actively be involved in the economic and financial system of development that will lead them out of poverty.” This is according to Vandy Jasper Kamara, Executive Director of Foundation for Financial and Economic Inclusion Sierra Leone. He was speaking on Tuesday 10th September, 2019.
In this light, the Foundation for Financial and Economic Inclusion Sierra Leone, organized a one-day training for 100 female small business holders in the Kroo Bay Community. The essence of the training is because they have found out that the reason for business stagnation for most petty traders is lack of necessary skills and knowledge in managing their businesses and finances.