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e-FinLit - Developing Financial Competencies for EU Citizens Utilizing Online Learning and Digital Literacy

Name of the Project: e-FinLit – Developing Financial Competencies for EU Citizens Utilizing Online Learning and Digital Literacy [2014-2016]
Project Number: 2014-1-PT01-KA204-001056
Project Coordinator: ISCAP-IPP
Type of Project: ERASMUS+ [Strategic Partnerships for Higher Education]
Project Lifetime: 1st of November 2014 until 31st of October 2016


P3 – CE.S.CO.T. VENETO [Italy]
P4 – E-C-C Verein fuer interdisziplinaere Bildung und Beratung [Austria]
P6 – QUALED [Slovakia]
P7 – CARDET [Cyprus]
P8 – IEF [Spain]


Aims and Objectives:
To equip those young adult with the tools and the skills to manage their (minimum) income in a way that will sustain their quality of life and financial flexibility at decent levels, in the long term.
Objectives/priorities for Adult Education:

  • Re-skilling, up-skilling. Literacy, numeracy, digital, language skills: e-FinLit will have strong focus in improving numeracy, digital, and financial skills, while indirectly it will also improve their language/reading skills
  • Access to Open Educational Resources in Education and Training: e-FinLit will be fully deployed through open and free access online tools and mediums such an e-learning platform, mobile application, online games, social media, multimedia applications and networking
  • Modernize HE systems – access to adults: The e-FinLit online modules will be accredited based on the European Credit Transfer System (ECTS), where each module will have a least 2 ECTS, in order to secure easy integration in HE Systems  and the provision of HE to adults
  • Awareness raising: e-FinLit will be supported by a wide awareness raising campaign through the social media, multimedia, dissemination seminars and conferences
  • Objectives/priorities relevant to all fields:
  • Development of basic and transversal skills: e-FinLit will directly improve the digital l, basic math, and financial skills of young adults, will indirectly improve their language and reading skills
  • Promotion of Innovative and student-centered pedagogical approaches: e-FinLit will deploy innovative, student-centered, ICT based pedagogical approaches, such as the eLearning, online games, peer to peer support, and educational technology tools that are based on the self-interest and paste of the students
  • Development of appropriate assessment and certification methods: e-FinLit will support both formatting and summative assessment methods, based on the ECTS (at least 2 ECTS per online module). Online certificates will be provided to the e-FinLit students upon completion of each module, accredited by the HE and training institutions of the e-FinLit consortium of partners
  • Design and implement assessment of the e-FinLit transversal skills as noted above
  • Provide tangible learning outcomes: The learning outcomes of e-FinLit will immediately become visible in the everyday life of the young adults
  • Validation of non-formal and informal learning: e-FinLit encompasses a series of components related to non-formal and informal learning such as access to online data and games, use of multimedia, forums and social networks. The partners will validate these activities provide online certificates to the users
  • Improved funding approaches for skills development: e-FinLit would potentially be an improved funding approach for skills development, since through the development of sophisticated, innovative online educational resources and tools can build a wide range  of skills of EU citizens.



The “Developing Financial Competencies for EU Citiznes Utilizing Online Learning and Digital Literacy” project (Project Number 2014-PT01-KA204-001056) has been funded with the support of the European Commission. This page reflects the views of the author, and the Commission cannot be held responsible for any use which may bem ade of the information contained therein.


Coordination of the project in ISCAP / Researchers involved:
Prof. Anabela Mesquita
Prof. Paula Peres
Prof. Luciana Oliveira



Project website


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