Thanks to ECLOF Colombia, 153 youths earn a certificate in financial education

19 October 2011 | These vulnerable youths are thus given a wonderful opportunity to become part of the city’s formal economy.

Thanks to the partnership crafted between ECLOF Colombia, Habitat for Humanity, SENA, and IPES (Institute for Social Economy), with the additional support of Citibank Colombia, 153 youths from the Misión Bogotá Program had the opportunity to earn a certificate in financial education in October this year.

The goal of the Financial Education Program provided by IPES is to offer education and work training to youths between 18 and 26 years of age coming from poor and underprivileged neighborhoods in Bogotá. To offer them guidance in the management of their economic resources and increase their job opportunities, the Financial Education Program offers four training modules: budgets, savings, indebtedness, and insurance.

Once their training has been completed, these youths are hired for a year by IPES to provide customer service in streets, parks, and museums. As such, they are registered in IPES’ Entrepreneurial Division and are guaranteed an interesting first job – the one that is often the most difficult to obtain. These vulnerable youths are thus given a wonderful opportunity to become part of the city’s formal economy thanks to the support they have from institutions such as ECLOF Colombia.