INNOVATION FOR FINANCIAL INCLUSION
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.
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.
Press 1 to secure your retirement
March 27, 2019By allowing youSave customers to use airtime credit to make installments into their micropension account, project partners are essentially leveraging an existing product for a new use case. With this in place, a youSave client can buy airtime credit, which they would normally use for making calls, send an SMS or for data, and make a deposit into their youSave account, using a simple three-digit USSD code.
