DIFILIM

Title:
DIFILIM (Digital Financial Literacy for Microenterprises)
Programme:
Erasmus+
Project duration:
01.11.2021.-31.10.2023.
LTKR position:
Lead Partner
Total budget:
234 091,00 EUR
Homepage:
www.difilim.eu

About project

In Europe, over 90% of businesses are SMEs, yet their development over the past decade has not been successful. Productivity and innovation are hindered by the growing volume of non-performing loans, the fragmentation of the financial system, and limited access to alternative sources of financing. The rise of FinTech is significantly transforming the financial services sector, introducing new products that demand a higher level of financial literacy. In the digital age, there is a pressing need for “digitally savvy” individuals who can adapt and operate effectively in the new economy.

The project has set the following goals:

  • To contribute towards enhancing digital financial literacy/inclusion in certain European micro, small and medium-sized enterprises (MSMEs);
  • To identify digital and financial literacy needs and provide training to fill in this gap for both professional and unemployed people;
  • To develop an attractive, training programme in the country language, that will allow digital financial literacy enhancement;
  • To deliver a curriculum to meet the real needs of entrepreneurs in the areas of financial literacy and digital skills;
  • To design and apply a curriculum to deliver skills in a combination of methods including an e-learning platform;
  • To create networks at local, regional, and European levels for spreading good practices of educational integration.

Project activities

  • Research on the needs and impact of Digital Financial Literacy on enterprises in each Partner Country;
  • Guidebook of Digital Financial Literacy for Microenterprises in each Partner Language;
  • Online Training Platform development in English and each Partner Language;
  • Monitoring, Quality Assurance Plan and Dissemination Strategy.

Partner countries

Latvia, Cyprus, Italy, Portugal, The Netherlands

Partner organizations

  • Turiba University (Latvia)
  • Cyprus University of Technology (Cyprus)
  • Magnetar Ltd (Cyprus)
  • Forma Camera, Special Agency of the Chamber of Commerce, Industry, Craft and Agriculture of Rome (Italy)
  • Amadora Inovation E.M. Unipessoal Lda (Portugal)
  • Stichting Incubator (The Netherlands)

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