"I do agree with you about the financial education. In a demand side. also the economic opportunity of clients plays a role. People can not be financially educated in a short period of time /months even might years/, it will take time. Therefore it…"
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Overindebtedeness will continue until financial literacy (education) reach the clients!
You can not prevent overindebtednes on supply side only. The market have two sides: Supply side needs better credit appraisal and demand side needs financial education to avoid over…Continue
Tags: literacy, education, financial, overindebtedness
Started Sep 19, 2011
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Nergui Sandagjav commented on Juan Vega's blog post REAL CONTROL OF OVERINDEBTEDNESS NEEDS FINANCIAL LITERACY!
Juan Vega posted a blog postREAL CONTROL OF OVERINDEBTEDNESS NEEDS FINANCIAL LITERACY!
You can not prevent overindebtednes on supply side only. The market have two sides: Supply side needs better credit appraisal and demand side needs financial education to avoid over indebtedness.i.e. after the "best" loan officer of the world makes the "perfect" loan appraisal, noone can avoid that the client get a new loan with another lender. Overindebtedness need "self control" from people - education/financial literacy!See More
Juan Vega posted a discussionOverindebtedeness will continue until financial literacy (education) reach the clients!
You can not prevent overindebtednes on supply side only. The market have two sides: Supply side needs better credit appraisal and demand side needs financial education to avoid over indebtedness.i.e. after "best" loan officer of the world makes the "perfect" loan appraisal, noone can avoid that the client get a new loan with another lender. Overindebtedness need "self control" from people - education/financial literacy!See More
Profile Information
- Organisation name (Nombre de su organización)
- PROMIFIN - COSUDE
- Type of organisation (Tipo de organización)
- donor
- Country(ies) where you work (País[es] donde trabaja)
- Nicaragua, Honduras, Centroamérica
- Job title (Cargo en el trabajo)
- DIRECTOR
- Website (Sitio web)
- http://promifin-cosude.org
- Organisational mission statement (Misión de la organización)
- Promover la cobertura de servicios financieros y educación financiera para poblaciones pobres
- Why are you interested in SPM? (Porqué esta interesado en GDS?)
- Aumentar la efectividad del trabajo conjunto y conocer más
- What's your story? (Tell us a little bit about yourself and how you got here!) (Díganos su historia - háblenos un poco de Ud. y cómo llegó aquí)
- Fui Banquero, Director de Empresas Públicas y Microfinancista. Ahora dirijo un programa de Cooperación y fuí contactado por Hans Ramm de COSUDE.
Juan Vega's Blog
REAL CONTROL OF OVERINDEBTEDNESS NEEDS FINANCIAL LITERACY!
You can not prevent overindebtednes on supply side only. The market have two sides: Supply side needs better credit appraisal and demand side needs financial education to avoid over indebtedness.
i.e. after the "best" loan officer of the world makes the "perfect" loan appraisal, noone can avoid that the client get a new loan with another lender. Overindebtedness need "self control" from people - education/financial literacy!
Posted on September 19, 2011 at 18:53 — 1 Comment
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