Financial and Economic literacy of Migrant women for ENtrepreneurship INclusion Erasmus Project

Project Title

Financial and Economic literacy of Migrant women for ENtrepreneurship INclusion

Project Key Action

This project related with these key action: Cooperation for innovation and the exchange of good practices

Project Action Type

This project related with this action type : Strategic Partnerships for adult education

Project Call Year

This project’s Call Year is 2018

Project Topics

This project is related with these Project Topics: Migrants’ issues; Entrepreneurial learning – entrepreneurship education; Open and distance learning

Project Summary

Entrepreneurship development is an important requirement for achieving the goal of smart, sustainable and inclusive growth set out in the Europe 2020 strategy. Inclusive entrepreneurship policies and programmes are particularly relevant for women who continue to face challenges in the labour market and are under-represented in entrepreneurship activities. (OECD &E.C) Effective and targeted business support schemes have an important role to play in supporting migrant women entrepreneurs and fostering their integration. Nevertheless, migrant women face specific challenges when setting up and running a business, including access to: information and training; networks for business purposes; and financial skills (EC.2016)

The OECD define financial literacy as a combination of the awareness, knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve individual financial wellbeing. Financial literacy improves migrant women’s management of their personal and household finances and empowers them to choose and access appropriate financial services and products, as well as to develop and manage entrepreneurial activities. The common barriers to migrant women improving their financial literacy fall into four broad categories: social and cultural, physical, educational and financial.

Financial literacy is complementary with other skills related with business management, including economical skills. The combination of both types of skills can contribute to increase the survival rate of start-ups and businesses promoted by migrant women. Also, by improving financial literacy, other foundational life skills such as numeracy and literacy, communication and digital skills or information searching skills will also be improved which, in turn, will improve confidence, generate good income and help migrant women to alleviate possible situations of exclusion and gain equal education and labour opportunities.

The FEMENIN project aimed to support adult education teachers and trainers to provide high quality learning opportunities in Financial and Economic literacy to migrant women, tailored to their needs and specifically designed to support their social and labour Inclusion through Entrepreneurship. The project developed innovative Open Education Resources (OER) and ICT-based methods and tools to improve adult educators’ competences in teaching Financial and Economic literacy, numeracy and digital competences to migrant women. To do so, an alliance of adult education and VET providers and experts, Public Administrations, NGOs and entities supporting migrant women from six countries (UK, Ireland, Spain, Romania, Turkey and Poland) worked together to lead the project and co-create and test the following innovative methods and freely accessible Open Education Resources and Mobile Apps
:
– A European ECVET Curriculum (IO1) and a set of Training Modules (IO2) on teaching Financial and economic literacy of migrant women.
– An innovative Mobile Instructional Learning APPs (IO3) designed to train adult education teachers and trainers to use and design multi-level Mobile Learning APPs (IO5).
– A Multilingual e-learning platform (IO4), with innovative e-Learning courses and OER on ICT-based teaching methods for Financial and economic literacy of migrant women.
– A Guide for validation, certification & accreditation (IO6) of Financial and economic literacy education for migrant women. in Europe.

Adult educators and teachers were the target users of the project products and final beneficiaries were migrant women in the participating partner countries. During the life time of the FEMENIN project, the partnership directly involved 20 adult educators and teachers ( partners staff / 37 experts involved / 20 target users in pilots), 125 migrant women and xxx stakeholders. A wider audience of ZZZZZ recipients, were reached at local, regional, national, European level and Africa through the dissemination activities.

The project applied European frameworks and instruments, like EQF and ECVET to promote and boost transparency and recognition of competences and qualifications, transnational mobility and the transferability of the project outputs to other Adult Education entities, Public Administrations, NGOs and organizations supporting migrant women at local, regional, national and European level, with the active support and cooperation of a network of key associated partners and relevant stakeholders involved in the project.

FEMENIN has had a direct impact on migrant women facilitating the improvement of their Financial and Economic literacy and in the ICT-based teaching skills of adult educators and teachers. The long-term impact envisaged is a strengthening of the Adult Education system and the Inclusive Entrepreneurship programmes in Europe.

Project Website

https://www.femenin.org/

EU Grant (Eur)

Funding of the project from EU: 432964 Eur

Project Coordinator

Aspire Education Group Ltd & Country: UK

Project Partners

• INSTITUTO PARA EL FOMENTO DEL DESARROLLO Y LA FORMACION SL
• CENTRUL PENTRU PROMOVAREA INVATARII PERMANENTE TIMISOARA ASOCIATIA
• Asociación La Bien Pagá Espacio Escénico
• INNOQUALITY SYSTEMS LIMITED
• DANMAR COMPUTERS SP ZOO
• ISTANBUL VALILIGI