Saturday 12 June 2021

Financial Education in Costa Rica

From Coopenae website

In Costa Rica, a large part of the population still has inadequate or no access to finance. This is not only due to a lack of formal financial services, but is also directly related to low levels of financial literacy among households and small entrepreneurs.

Individuals and small enterprises often find it difficult to choose a product that best meets their financial needs.

- Advertisement -

Risk mitigation instruments, such as insurance products, pension schemes and savings plans are often not well known or understood. As a result, customers may apply for products which are not suitable for their financial circumstances.

Avoiding debt

DEG’s customer Coopenae is implementing a financial literacy programme in rural areas to equip households and small entrepreneurs with the basic financial skills necessary to manage their budget and understand and compare financial products. DEG supports this project as part of its Business Support Services.

‘Coopenae offers their members financial training workshops with the aim to improve the management of their income and reduce indebtedness. With DEG’s BSS we can extend the scope of our programme to reach most vulnerable groups in rural areas’, said José Eduardo Alvarado, General Manager of Coopenae.

Through a series of workshops, Coopenae aims to enable them to choose the financial products best suited to their individual situation and financial needs. With its offer, Coopenae plans to reach at least 12,000 people in the next two years, especially from socially disadvantaged families.

Reaching more than 12,000 people

- Advertisement -

Coopenae has been a customer of DEG’s since 2013. It offers financial services such as loans, savings, and insurance products.

As the country’s largest financial cooperative, it has around 100,000 members throughout the country, including some 5,500 small and medium businesses.

Through its financial literacy programme, Coopenae also hopes to attract new customers and improve credit quality in the long-term.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles


Costa Rica receives 204,000 doses of covid-19 vaccines from AstraZeneca

QCOSTARICA - Costa Rica received this Sunday morning, June 6, the second direct shipment from AstraZeneca of vaccines against covid-19. The flight landed at 11:05...

eHow to Become Successful in Online Casino Betting 

To become a successful gambler in the online industry, there is a lot to cover. It can be known to be a vastly different...

Parking lots, a bull ring and shopping centers among the vaccination centers on Saturday

QCOSTARICA - Vaccination centers against covid-19 were transformed this Saturday to be able to vaccinate more people. Universities, civic centers, parking lots and even...

Are you fully vaccinated? You can now enter Spain

Q TRAVEL - Travelers from the European Union or third countries, including Costa Rica, who have fully been vaccinated, will now be able to...

Today’s Vehicle Restriction: June 10, “ODDS”

Today, Thursday, June 10, only ODDS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Bukele advisers tried to leave Costa Rica with false covid-19 tests

QCOSTARICA - Two Costa Ricans who advise the government of Salvadoran President Nayib Bukele were arrested this Tuesday at the Juan Santamaría (San Jose)...

Puntarenas is the only province with a covid-19 infection rate greater than 1

QCOSTARICA - Puntarenas is the only province in the country that has a contagion rate or "r" rate greater than 1. This is detailed in...

Today’s Covid News: Restrictions allowed a decrease in Covid-19 and prevented hospital collapse

QCOSTARICA - A moderate decline in new cases for the third consecutive week allowed the hospital system to avoid the dreaded collapse and rapid...

Figueres wins the PLN presidential nomination

QCOSTARICA - Former president, José María Figueres Olsen (1994-1998), on Sunday, became this Sunday the presidential candidate of the Partido Liberación Nacional (PLN) for...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.