YMCA Holds Financial Management Training for FOLUPS Communities Members
The Liberia YMCA in collaboration Slum Dwellers International (SDI) and the Federation of Liberian Urban Poor Savers (FOLUPS), an emerging federation of savers, under the auspices of the Liberia Country Program (LCP) has ended a week long Financial Management Training for members of FOLUPS.
The training which brought together one hundred and fifty members from various communities under FOLUPS titled “Learning by Doing” was intended to strengthen savings groups through an effective financial management system.
The training also focused on the application of the process through learning and sharing with different groups and will be followed by regular mentoring of saving groups.
Speaking during the formal opening of the training, the Coordinator of the Liberia Country Program, Jerry Paye said as savings groups grow and spread instinctively and under the guidance of facilitating organization, the model of training is flexible and intended to accommodate more savers, which will support expansion of the saving group.
He challenged participants to take the training seriously as it was intended to build their capacity.
The Training which was conducted in the five network zones of the federation dealt with important variations currently being practiced with regards to record keeping and bank balances, managing savings group funds using simple financial management tools.
The training also focused on individuals working with saving groups and collectors in order to have basic idea using simple financial management system. As a result of the training, participants (those working with saving groups) will also have ideas on the use of a simple but complete financial system to ensure effective record keeping, accurate track of members’ loan balances and bank transaction processes.
Training was also held for network members in the area of profiling and documenting though the use of electronic gadgets. It was also intended for participants to effectively be able to hold interview and prepare documentary using modern digital equipment such as electronic cameras and still photos and how to prepare video documentary, during Liberia Country Program Work.
Participants were also trained in the area of interview techniques as well as preparation for interviews and how to effectively conduct interviews. Following the training, participants are expected to begin work in documentary making in several FOLUP Communities using interview techniques and information gathering while other members are profiling and working in urban slum communities.
The training targeted saving group leaders, collectors and members of the FOLUPS working team.