INNOVATION FOR FINANCIAL INCLUSION
Wakalani helps her community of women become financially innovative
July 29, 2019by Erica Lee 54-year old matriach Wakalani Alphonse. PC John Rae/2019 It’s after 2 o’clock in the afternoon and a group of women from Etil (a village 20 minutes from Port Vila) gather around 54-year-old matriarch, Wakalani Alphonse. She sits on a straw mat grating a large pile of tapioca as she instructs each...
Financial education curriculum to be scaled across Anglican church’s vocational centres in Solomon Islands
June 14, 2019Following the successful piloting of financial education (FinEd) curricula in the coursework of three rural training centres (RTCs), the Anglican Church of Melanesia (ACoM) has announced the extension of FinEd across all its centres in Solomon Islands, a move that is expected to impact close to 800 tertiary students annually.
Financial education in PNG, key to informative choices on pay-day lending
July 15, 2019Many low-income working families in PNG struggle to manage everyday cash flow. A lack of savings to buffer against financial woes, such as emergency medical bills, traditional obligations, such as burials and other unexpected life expenses can drive families to resort to these moneylenders. Over time borrowers find it hard to break out of the recurring cycle of pay-day lending, often referred to as a loan trap.
