Certified Expert in

Financial Inclusion

Policy (CEFI)

Certified Expert in

Financial Inclusion

Policy (CEFI)

Want to become a certified expert in financial inclusion policy (CEFI)? The CEFI online training module is currently in its fourth session and looking for the next round of graduates to start in September 2019!

Launched in 2017 by AFI, in collaboration with the Frankfurt School of Finance & Management, participantswill benefit from the first-rate education experience of a top-ranked business school combined with expertise from the world’s leading organization for financial inclusion policymakers.

Financial regulators, policymakers and supervisors who are working on developing policies, regulations and strategies for financial inclusion
Management and staff of financial service providers – both banks and non-banks -, and financial inclusion professionals who need to be aware of regulatory aspects to help design and deliver financial services that promotes financial inclusion
Staff of AFI member institutions who are new to financial inclusion or interested in making a career change in financial inclusion
AFI member institutions that are setting up new units specializing in financial inclusion
AFI member institutions that are developing comprehensive financial inclusion strategies
AFI public-private dialogue (PPD) partners who want to further their policy understanding for financial inclusion

This provides an understanding of the design and implementation of regulatory frameworks that help promote financial inclusion. The seven units are as follows:

Unit 1 Balancing Inclusion, Integrity and Stability
Unit 2 Consumer Empowerment and Market Conduct
Unit 3 Financial Inclusion Strategies
Unit 5 Financing Micro, Small and Medium Enterprises
Unit 6 Microcredit, Microsavings and Microinsurance
Unit 7 Digital Financial Services

Learn more about units

This online course targets the policy aspects of financial inclusion. Participants will develop skills to draft and analyze policies and design strategies that are most relevant to emerging economies.

The structure is flexible and available online. Participants will be able to complete the course within six months at their own convenience.

Upon completion, participants will receive certification from a world-class educational institution.
Participants will receive input from technical experts and learn from their peers through discussion forums.

The course has been designed so that it can be completed while participants are in full-time employment.

The cost of the course is EUR 1,300. Registrations received before or on June 15, 2019 are eligible for an early bird discount. With an early bird discount, the price of the course is EUR 1,100. Paid-up AFI member institutions will enjoy a further discount of EUR 300.

Course fees AFI member institutions Non-member institutions
Price on or before June 15, 2019 EUR 1,100 EUR 1,100
Price after June 15, 2019 EUR 1,300 EUR 1,300
Price for paid-up AFI member institutions EUR 800 Not applicable
Examination fee EUR 50 EUR 50

At the end of each module, participants are given assignments that must be completed online. The course will end with a sit-down final examination. Please view the various examination locations here to find an examination center that is convenient for you. Participants are responsible for arranging to take their final examination on their own and pay the examination fee to the host of the examination center.

Register directly through the website of the Frankfurt School of Finance & Management here.
Please note that discounts can only be given if participants chose bank transfer as the payment option. The Frankfurt School can cater to PayPal or credit card payments at a later stage, upon request.

The course runs twice a year (March-August; September-February) and must be completed withinsix months.
The program structure is flexible and can be self-paced with an estimated total workload of 150 hours, or 5-7 hours per week, including self-study, online lectures, reading and final exam preparation.

Each unit ends with an online test consisting of multiple-choice questions, which participants must pass in order to progress to the next module. Participants will also have to complete course assignments and take an offline final written exam.

Upon successful completion of the exam, the Frankfurt School will issue a certificate that earns participants six European credit transfer system (ECTS).

If the exam is not taken or failed but participants have completed the course work, a confirmation of course completion can be issued by Frankfurt School on request.

CEFI is an integral part of the Frankfurt School’s Online Master of Leadership in Development Finance. As such, a CEFI alumni taking the online master gets the CEFI recognized both for the syllabus and tuition fees.

Please get in touch with us at Capacity.Building@afi-global.org if you have any questions.

Download course brochure

© Alliance for Financial Inclusion 2009-2022