Internet edition of the newspaper “Vechernyi Bishkek” and JCS ” FINCA microcredit company” embarking on a joint project to improve financial literacy of the public.

The first cycle of information materials regarding the products and services of financial institutions in Kyrgyzstan was prepared under this project. This topic was not of a random choice. The situation in the financial markets in recent years shows how important it is for each of us to possess the basic information in order to distinguish one financial institution from another market participant. The most important thing is to understand the nature of the economy and know how your money work.

In this very special project, we will talk about what is the function of money, why it is important to plan the family budget, where to keep your savings, and whether you can become an investor. In addition, we will describe in detail how to determine whether you need a loan and how to choose the lender. After all it is important to determine what companies exist and what services they offer, who is the regulator of the market, and how to calculate interest rates. You can learn how to avoid scams and dishonest market participants, and who and how you can turn to in a contingency situations and much more.

Publications with text information, with info graphics and a dictionary of financial terms will be posted on the website under the multimedia www.vb.kg box in the right column. The first post “The History of Money” will come soon. You will have an opportunity to ask questions in the comments under the publications; “VB” will forward questions to professionals.

This joint project of online edition of the newspaper “WB” and of JCS “FINCA MCC” is a part of the program of the office of the newspaper “Vechernyi Bishkek” in support of culture and education in Kyrgyzstan, as well as a part of the complex job “FINCA” on improvement of financial literacy of the population.