Youth in Turkey learns finance

01 Apr 2010


The fact young people in Turkey turn to families and friends for financial advice, suggests that individual financial awareness, a prerequisite of advanced financial systems, is quite low.

New Horizons - According to the voluntary trainer candidate profile survey completed during the training of trainers in the scope of the I Can Manage My Money” project, 98% of the participants said that individual financial capacities are necessary. 58 young volunteer trainers who received their certificates from the project on 24 February will start the trainings in 17 cities throughout Turkey.

Receiving training on financial topics such as budget, spending, income, payment plans, savings, debt, saving-credits financial system, the trainers developed an awareness of “my debts-my rights-my responsibilities.”

Until November 2010, pilot studies will be implemented in cities located in all of Turkey’s 7 geographical regions including İstanbul, Kocaeli, Bursa, Denizli, İzmir, Ankara, Eskişehir, Antalya, Samsun, Adana, Malatya, Gaziantep, Trabzon, Erzurum, Diyarbakır, Van and Rize. The primary direct beneficiaries of the project will be high school and university students, youth NGOs, young representatives of public institutions, and anyone aged 15- 30. Using a peer education model and e-learning tools, six thousand young people are to be trained in the first phase of the project. By the end of the year, the project aims to reach the 60 thousand mark.

The first project in Turkey realized with the cooperation of public and private sector and nongovernmental organizations in this area; “I Can Manage My Money” is developed with the cooperation of Visa Europe, Prime Ministry State Planning Organization (SPO), United Nations Development Program (UNDP) and Youth for Habitat Association. Given that the youth make up more than half of the country’s population, the project will contribute to a sustainable economy and to raise financial awareness among youth in Turkey.

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