Financial Literacy and Inclusion Association (FODER) is established by founding chair Özlem Denizmen at the end of 2012. FODER cooperates with government and private sector institutions and other civil society organizations in order to create financial literacy, to raise awareness on financial inclusion and access and to ensure opportunities for individuals across the country.
FINANCIAL LITERACY AND INCLUSION
Financial literacy is the ability of persons to make an assessment of the use and management of money and to have an effective decision-making. In other words, financial literacy can be defined as the ability of individuals to evaluate their income, savings and investments wisely and to have the competency to manage their budget effectively. Financial literacy is defined by OECD...
NATIONAL ACTION PLAN FOR FINANCIAL LITERACY AND INCLUSION
A comprehensive study was developed in consultation with stakeholders, by being aware of the fact that the financial literacy of the population is essential for sustainable development; and Prime Ministry circular dated on June 2014 on Financial Access, Financial Education, Financial Consumer Protection Strategy and Action Plans was published.
"The aim of Financial Literacy and Inclusion Association (FODER), which was found in 2012 as the very first financial literacy association of Turkey, is to implement activities on financial literacy, on access to financial services and on financial training in Turkey."
Attila Köksal, CFA
Considering the fact that the positive aspect of Turkey’s socio-demographic landscape today may be challenged by the negative developments that are expected to occur in the coming years, the citizens should better prepare themselves financially for their retirement periods that will last for many years, since the society will age into the older population where the life expectancy is increased.
Financial Literacy Education
FODER Financial Literacy and Inclusion Association
- İnönü, Cumhuriyet Cad., No:111/3, Şişli/İstanbul 34373 Şişli/İstanbul