Microfinance Opportunities
Established in 2002, Microfinance Opportunities is a “microenterprise resource center that promotes client-led microfinance.” Seeking to improve the poor’s access to “well-designed and well-delivered financial services,” Microfinance Opportunities provides action-oriented research, training and technical assistance to microfinance institutions in the areas of financial education, microinsurance and client assessment.
Since 2003, Microfinance Opportunities and Freedom from Hunger have collaborated on the Financial Education for the Poor Project - a project funded by the Citigroup Foundation and intended to strengthen the abilities of the poor to manage their money more effectively and, as a result, improve their families’ well-being. During the first phase of the project, the two organizations facilitated the field-based development and testing of five financial education modules that provide poor clients with information and tools for budgeting, saving, borrowing, spending and using financial services. Now, during the second phase, they are engaged in the global dissemination of the curriculum, with a goal of reaching at least 2 million people, and the development of more financial education modules.