
Swadhaar FinAccess provides financial education to persons living in slum communities. Financial education empowers them with the ability to make informed financial decisions, thereby improve upon their current financial circumstances, and hope for a financially secure future. Swadhaar FinAccess further links them to formal financial services, namely, savings and insurance.
SFA's work is based on the premise that while accessible and affordable financial services in the formal sector by for the economically disadvantaged is crucial for their financial inclusion, it is financial education that builds their capacity and the ability to comprehend and utilize these services optimally to improve upon their current financial circumstances.
Objectives of the SFA's Financial Education Programme are:
- To impart knowledge and skills to community women to be better managers of their own money and better consumers of financial services.
- To instill new behaviours like maintaining budgets, increasing savings, reducing credits from informal sources so that they integrate financial education in their daily lives.
- To acquaint the community women with financial products and services available to them, and to increase their use of these products and services.