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The significant contribution that financial inclusion can make to achieving inclusive economic growth and the Sustainable Development Goals has gained global recognition.

This course will provide you with relevant knowledge on the following key financial inclusion policy areas – proportionate application of global standards, consumer protection, the digital route to financial inclusion, national strategies, measuring impact of financial inclusion.

The course will help develop skills to develop and analyse policies and design strategies to implement them with a special focus on developing countries.

This online training is developed and implemented as joint initiative between Frankfurt School of Finance & Management and the Alliance for Financial Inclusion (AFI). You will benefit from world class education experience of a top-ranked business school, combined with the expertise from the world`s leading organization for financial inclusion policymakers.

What Do We Offer?

  • An interactive e-learning course including video lectures, PDF scripts, examples, practical exercises, online tests and case studies.
  • A discussion forum for course related issues as well as for exchange of opinions and experiences with , tutors, peers or the FSDF e-Campus team.
  • Personalized support from your FSDF e-Campus team.
  • The possibility to achieve a Frankfurt School certificate after passing the final exam or a confirmation of course completion after completing the course.
  • An international network of institutions hosting our final exam all over the world.

Tuition Fees

Registration Date Fee
Before July 15, 2017 EUR 1,100
After July 15, 2017 EUR 1,300

Final exam fee: 50 EUR (to be paid directly to the final exam host).


  • 10% group discount (for 5 or mre participants working for the same institution)
  • 10% for FS Alumni
Payment Options
  • Bank Transfer (bank fees to be coverend by the participants)
  • Credit Card
  • PayPal

Payment in instalments is unfortunately not possible.

Travel related costs for taking the final exam have to be covered by the participants individually.


The course takes approx. 6 months assuming 3-4 hours of self-study per week. It consists of 7 mandatory units. The units need to be completed in a sequence. The next unit opens only if you complete the online test of the previous unit.

Course Details

The CEFI online course consists of the following units:

Unit 1 Balancing Inclusion, Integrity and Stability
Unit 2 Consumer Empowerment and Market Conduct
Unit 3 Digital Financial Services
Unit 4 Financial Inclusion Strategy
Unit 5 Measuring Financial Inclusion
Unit 6 MSME Finance
Unit 7 Microcredit, Microsaving and Microinsurance

Suggestions & recommendations

While you decide on the timing and pace of your learning experience we would like to give you some recommendations on how to get the most out of this course:

Your schedule: We will provide you a course schedule including voluntary and mandatory deadlines. The course schedule serves as guideline for your personal learning schedule and will help you completing the programme within the given time frame.

Exercises: Even though the exercises in the script are not mandatory we strongly advise you to use them as an opportunity to check your knowledge and to prepare for the final exam.

Assignments: With the assignments you will learn how to apply the knowledge learned during the course. It is important that you take time to read the necessary material and to solve the assignment.

Networking Opportunities: Use the forum to introduce yourself your peers and start interesting discussions.

FS-AFI Collaboration

The Certified Expert in Financial Inclusion Policy e-learning
course is a joint collaboration of Alliance for Financial
Inclusion ( and Frankfurt School.
The development of this e-learning course was funded by the
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

AFI – Alliance for Financial Inclusion

AFI is a unique member owned network of regulators from
over 90 countries working together to accelerate the adoption
of proven and innovative financial inclusion policy solutions
with the ultimate aim of making financial services more
accessible to the world’s unbanked. It is based on the idea that
a global knowledge exchange platform is key to expanding
and improving financial inclusion policy. Thus, the collaboration
brings together Frankfurt School, one of the top business schools
in Europe, and AFI the world’s leading organization on financial
inclusion policy and regulation.

As a network organisation, capacity building of its members –
which in turn contributes to the growth of the network and the
sector – is a key objective of AFI. Capacity building initiatives
include member trainings, knowledge exchange visits, peer
learning. These have been very well attended and the demand
has been increasing significantly for advanced training on these
topics and also to induct more members and other stakeholders
into financial inclusion policy.

An online version in partnership with Frankfurt School is
expected to bridge this gap by reaching out to a larger audience.
This will also contribute to the growth of the sector to which we
are committed.

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