• Burundi
  • Resources
  • Capacity Building
  • Financial Literacy
  • Financial Literacy

Information Guide

In partnership with banks, microfinance and other stakeholders, the Government through the Bank of the Republic of Burundi (BRB) seeks to equip the population with knowledge on the themes of:

  • Management of income-generating activities,
  • savings in groups,
  • Main reasons for saving,
  • Techniques or strategies relating to savings,
  • Types of income-generating activities in the surrounding environment,
  • Daily savings procedures

contacts:

Government Avenue
BP 705 BUJUMBURA
Tel: (257) 22 20 40 00 / 22 22 27 44
Fax: (257) 22 22 31 28
email: brb@brb.bi

Financial education in Burundi

In Burundi , financial education (FE), which is a non-financial service offered by Micro-Finance Institutions (MFIs ) and banks in general and other actors in the capacity building of women for financial inclusion, has a great importance in the economy of the country.

Burundi is implementing its financial education policy through its national Financial Inclusion Strategy . Financial education is enabling beneficiaries to be equipped and to have access to credit regardless of the barriers that may arise to prevent them.

Financial education is the understanding of knowledge related to how money is earned, spent and saved, as well as the skills and ability to use financial resources to make informed and effective decisions with all available resources.

There are several studies, reports and other reference tools on financial inclusion and education on interventions led and implemented by different actors.

The results of the various documents show that the level of inclusion and financial education of women in Burundi are not satisfactory.

angle-left CARE INTERNATIONAL BURUNDI

CARE INTERNATIONAL BURUNDI

brief description

CARE INTERNATIONALE BURUNDI is an NGO working in Burundi, which aims to defend dignity and fight poverty, among other things, by empowering women and young people. It was founded in 1945 in the United States, at the end of the Second World War.

The NGO Care International implements financial education through its training modules of the approach known as 'Nawe Nuze' in Kirundi, the national language. It can be translated in these words: quotjoin us tooquot

CARE BURUNDI Financial Education Program

Module 9 (of the 11 training modules) of the 'Nawe Nuze' approach deals with financial education and is provided as a reference in several environments or/and organizations involved in financial inclusion training in order to achieve to empowerment.

CARE Burundi's Nawe Nuze Approach in its module 9 of Financial Education and Management of Income Generating Activities addresses:

  • Savings in groups with “nawe nuze”
  • The main goals of saving
  • The 7 savings techniques
  • Management of income-generating activities
  • Types of income-generating activities in the surrounding environment

Activities

CARE intervenes and focuses mainly on awareness-raising, promotion and capacity building activities with its 11 training modules on different themes according to the “NAWE NUZE” model approach. It concentrates its interventions in the supervision, coordination, empowerment, sensitization, supervision, capacity building and grants aid as inputs especially for women and girls.

She is involved in coaching and regularly organizes promotional and networking events. These events are for example accompanying fairs that promote innovative ideas and incubators, etc. It targets and develops income-generating and other entrepreneurial empowerment activities especially for women and youth.

Geographic coverage

CARE is present and works in all the provinces of Burundi. It currently stands out with its model of the quotNAWE NUZEquot approach, which has been retained as a reference, among other things, in terms of capacity building and financial education for associations by the government of Burundi.

Structure of beneficiary associations

Thus CARE Burundi works with nearly 5,000 groups and associations, including those of women and young girls. These groups are generally made up of VSLAs (Village Savings and Credit Associations) of 15 to 30 members each who regularly receive training in financial education. They develop income-generating and empowering activities by offering members the possibility of accessing common resources and sources of financing and by facilitating access to the services of MFIs.

Program registration

Registration is done via the focal points of the groups or associations. These focal points are trained as trainers in the groups of associations. There are no conditions required apart from being a member of a women's association. Participation in these financial education sessions provided by CARE to associations is free. The training usually lasts 2-3 days and members benefit from up to 11 trainings in total and with at least 3 modules of the “NAWE NUZE” approach.

Other services

The other services provided or received consist of organizing fairs, connection evenings, commercial or cultural exhibitions followed by group awareness and marketing sessions, etc.

Contact information

CARE's physical address is located at Avenue MWEZI GISABO N°89. Postal Address: 6424. Tel: 257 22214660. Fax: 257 22213902. The Women's Empowerment Component is under the direction of Ms. Nicedore Nkurunziza nicedore.nkurunziza@care.org

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