Manage Your Future Now, Turkey

CASE STUDY

Manage Your Future Now, Turkey

Our Heart of Experian Social Responsibility programme aims to foster financial inclusion, promote financial education and support young people and small business entrepreneurs. The Manage Your Future Now Project – working in collaboration with the United Nations Development Programme (UNDP), Credit Bureau of Turkey (KKB) and Habitat Center for Development and Governance – aims to achieve all three, promoting financial awareness and education to 18 to 30 year olds and small businesses.

The first phase of the project was aimed at university and high school students, as well as youth representatives from NGOs and local communities. Its purpose was to develop their understanding of budget planning, responsible borrowing and the risks of being in debt. To date, the project has reached over 4,000 young people from 23 cities across Turkey.

The second phase, completed this year, trained small businesses and entrepreneurs in strategies for financial growth, financial management training, how to interact with the finance sector and learning how to manage credit risk and access to finance. The training was received by over 200 SMEs across four of the largest cities in Turkey.

For both phases, our volunteer employees facilitated ‘train the trainer’ workshops for participants. These new trainers cascaded the learning to their peers, via their own workshops. Participants therefore improved both their financial acumen and their organisational and presentation skills, giving them capabilities that will be valuable in the future.

The successful completion of Manage Your Future Now in Turkey has encouraged us to agree to further pilot training programmes with the UNDP in other countries in Europe, the Middle East and Africa over the coming year.

To date, the project has reached over 4,000 young people from 23 cities across Turkey.

“We have enjoyed a fruitful partnership with Experian for the advancement of financial management skills of young entrepreneurs in Turkey. Financial literacy is an essential life skill, which has to be adopted by everyone. Due to limited learning provided by the formal education system in Turkey, many young people face difficulties in managing their personal budgets. As a result, many people are falling into the poverty trap or never benefit from opportunities to invest in their businesses and achieve a successful financial state, which affects the health of the overall economy. The initiative launched in partnership with Experian has been a demonstration of a successful operation to showcase how an important, yet easy to deliver, life skill can make a big change in people’s wellbeing and contribute to the effective functioning of markets.”

Hansin Dogan
UNDP Programme Manager

HOW EXPERIAN HELPS

Fostering financial inclusion through Prove ID, India
Fostering financial inclusion
through Prove ID, India
 
'Clean my name' debt recovery portal, Brazil
'Limpe Nome' debt
recovery portal, Brazil
 
Manage Your Future Now, Turkey
Manage Your Future
Now, Turkey
 
Back to top