In this module you will learn to
- Explain what financial services are
- Identify formal financial service providers
- Identify informal financial service providers
- Compare the advantages and disadvantages of formal and informal services
← Financial Literacy for Everyone
Module 08 / 10 · 13 min
Financial Services
Learn who provides financial services, how to open an account, and the pros and cons of formal and informal finance.
Adapted from the Financial Education Module for the Youth and MSMEs (May 2024), published by the National Bank of Ethiopia and developed by St. Mary's University with First Consult, with support from the Mastercard Foundation. Read the full declaration and credits