An innovative approach to increase the financial literacy skills of migrants

INFINITY project developed an educational program to train migrants to improve financial, entrepreneurship and soft skills for a successful and stable life of migrants in Europe and shows how impo...

INFINITY project developed an educational program to train migrants to improve financial, entrepreneurship and soft skills for a successful and stable life of migrants in Europe and shows how important the skills and the ability to use financial resources are to make decisions and increase self-employment for migrants and refugees. INFINITY sort to ensure that migrants become productive members that contribute to society and thus promote the welfare and growth of the area they live in. The project sort to upskill migrants and refugees to have better understanding in managing their personal finance and the financial ecosystem of their host countries, gaining entrepreneurship and sort skills, provide training to build the self confidence of migrants and refugees as well as to address the plethora of challenges that migrants and refugees faces to enable sustainable integration. Finally the project sort to develop technical tools to support the learning of migrants and refugees.

WP2: INFINITY Competency Framework has been be created, to ensure the quality of the training program and the achievement of its objectives WP3: Curriculum that will include, inter alia, pedagogical resources created to enhance migrants' knowledge of budgeting, financial management, and familiarity with the financial system WP4: A digital application has been developed WP4: Create an e-learning portal with all the necessary resources and will have online tools to support WP.5: A toolkit for VET Teachers and Educators has been created to enable easy reskilling of those who educators to the needs of training for migrants and refugees. To achieve most of the results, validation excercises were carried out and in most cases, research activities were carried to provide adequate background information to formulate the final outcomes.

Although the projects final result is to increase self-employment, the project achieved its objective of ensuring a thorough understanding of the concepts financially, financial context, content, concepts, and the importance of being financially literate improve financial skills and abilities needed to understand and manage day-to-day financial issues as well as recognize financial opportunities and make financial decisions, make financial plans, proper debt management, use of financial applications and much more. The project also produced the following: 1. Eight (8) training courses, 2. Two digital products (E-Learning platform and Trivial Board Game), 3. A competency framework based on the output of the National Reports, 4. Toolkit for Teachers and Educators.