AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
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AWARDS FINALISTS - PROFILES 28 November 2016 | The Golden Hall, Stockholm City Hall
In partnership with Initiated by 2
THE GLOBAL INCLUSION
THE GLOBAL INCLUSION AWARDS 2016
AWARDS FINALISTS - PROFILES
2016
28 November 2016 | The Golden Hall, Stockholm City Hall
AWARDS FINALISTS - PROFILES
28 November 2016 | The Golden Hall, Stockholm City Hall
AWARDS
3
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Hello Everyone,
The Global Inclusion Awards recognize and honor those that achieve greatness and
demonstrate innovation in financial, social and livelihoods education, financial inclusion and
entrepreneurial support for children and youth at the national, regional and international
level.
We at CYFI are overjoyed to have the opportunity to interact and learn from all the leading
practitioners, policymakers, innovators and visionaries that are working around the world
to advance economic citizenship for children and youth. The organizations and individuals
that you find described in these pages represent some of the most committed and inspiring
industry leaders. Their achievements serve as a powerful testimony to the incredible
potential of collaboration and innovation in the field of financial inclusion, education and
sustainable livelihoods for young people. Every award finalist you find in this book deserves
to be honored for their many valuable contributions to building the Child and Youth Finance
Movement worldwide.
Responses to this year’s call for nominees was outstanding and more than 500 applications
were received – we thank everyone who applied! With so many inspiring applications the
jury had a difficult decision in choosing the impressive financial inclusion finalists, narrowing
down to just 54 contenders across the 6 awards categories.
From groups of active youth to financial institutions, government ministers to civil society
organizations, CYFI is delighted to welcome representatives from all over the world to
celebrate global efforts to economically empower young people.
We would like to congratulate all the winners and finalists of the Global Inclusion Awards
2016, and wish them continued success. Special thanks to Finansinspektionenen and Royal
Coin Cabinet Stockholm for making this event possible, and to our many partners across
the Child and Youth Finance network for their efforts in empowering children and youth
worldwide.
Best wishes,
The CYFI Team
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CONTENTS
❶ CHILD & YOUTH FRIENDLY BANKING AWARD.......................................................................................................................................9
Belarusbank, Belarus | “Children/student card. Smart School Education Program”.................................................................................................10
JC Bank of Georgia, Georgia | “sCool Card Business school”..................................................................................................................................................11
PKO Bank Polski, Poland | “School Savings Bank (SKO in Polish)”.......................................................................................................................................12
Sberbank, Russia | Ladoshki (Palms) Payment Card, Youth debit card”.........................................................................................................................13
nimbl Ltd-ParentPay ltd, United Kingdom | “nimbl - Banking for Young People”.........................................................................................................14
The People’s Own Savings Bank (POSB), Zimbabwe | “Youth Account and Junior Save Account”.............................................................15
❷ CIVIL SOCIETY ACHIEVEMENT AWARD........................................................................................................................................................17
CARE, Burundi | “POWER Africa”...................................................................................................................................................................................................................18
Canadian Foundation for Economic Education, Canada | “Talk with our kids about money (TWOKAM)”..................................................19
Money Compass Foundation (Pénziránytű Alapítvány), Hungary | “PontVelem (Score-with-Me)”.........................................................20
International Transformation Foundation (ITF), Kenya | “Patriana Educational Centre: Join the Pipe water station...................21
Opportunity International (OI), Uganda | “Opportunity Girls Education Challenge”...................................................................................................22
Camfed, Zambia | “Shaping My Future”.....................................................................................................................................................................................................23
❸ CYFI COUNTRY AWARD........................................................................................................................................................................................................24
Americas & The Caribbean
Financial Consumer Agency of Canada, Canada | “Children/student card. Smart School Education Program”...................................26
Superintendencia de Bancos de Panamá, Panama | “Financial Education Program: Better decisions starting today”
(“Programa de Educación Financiera: “Mejores decisiones, desde Hoy”...................................................................................................................27
Central Bank of Paraguay, Paraguay | “La Estrategia Nacional De Inclusión Financiera De Paraguay”....................................................28
Europe & Central Asia
Central Bank of Armenia, Armenia | National strategy for Financial Education, “My Finance Month”.......................................................29
Financial Services and Markets Authority (FSMA), Belgium | “Wikifin.be”...................................................................................................................30
National Bank of the Kyrgyz Republic, Kyrgyzstan | “National Strategy; Global Money Week; National Committee formation”........31
Africa
Ministry of National and Technical Education & Ministry of Finance, Ivory Coast | “Financial Education”..........................................32
Banco de Mozambique (Central Bank of Mozambique), Mozambique | “Implementation of Financial Education Programme of
Bank of Mozambique” and Nation-wide savings campaign “Dia Mundial Da Poupança 2015”........................................................................33
Microfinance Unit (Ministry of Finance), Swaziland | “Financial Inclusion Strategy,” “Financial Education for children and
youth,” and “Financial Education curriculum for Teacher Training........................................................................................................................................34
Middle East & North Africa
Egyptian Banking Institute, Egypt | “Shaping the Future initiative”.......................................................................................................................................35
Higher Council for Childhood (HCC) – Ministry of Social Affairs Banque du Liban, Lebanon | “National Strategy on the Financial
Education”........................................................................................................................................................................................................................................................36
The Moroccan Foundation for Financial Education, Morocco | “National Strategy on Financial Education”........................................37
Asia & The Pacific
Australian Securities and Investments Commission, Australia | “National Financial Literacy Strategy 2014-2017”.........................38
Reserve Bank of Fiji; National Financial Inclusion Taskforce, Fiji | “National Financial Literacy Strategy 2013-2015”......................39
Bank of Mongolia, Mongolia | “National Plan for Financial Literacy”..................................................................................................................................40
6
❹ CYFI “GLOBAL MONEY WEEK” AWARD.......................................................................................................................................................42
Americas & The Caribbean
Ministry of Education, Autorregulador del Mercado de Valores de Colombia – AMV, Asobancaria, Banco de la República,
Banca de las Oportunidades, Fundación Plan, Fasecolda, Ministerio de Educación de Colombia | Colombia...................................44
Educación Financiera BBVA Bancomer, Museo Interactivo de Economía (MIDE), Educación Financiera Banamex |
México..............................................................................................................................................................................................................................................................45
Superintendencia de Bancos de Panamá | Panamá........................................................................................................................................................................46
Europe & Central Asia
National Bank of the Republic of Belarus | Belarus.........................................................................................................................................................................47
Danish Bankers Association; Danish Association of Mathematical Teachers | Denmark...................................................................................48
Ministry of Finance of Russian Federation | Russia..........................................................................................................................................................................49
Africa
Central Bank of Nigeria (CBN), Banker’s Committee | Nigeria.................................................................................................................................................50
Bank of Zambia, Securities and Exchange Commission, Ministry of Finance, Ministry of General Education, Pensions and
Insurance Authority | Zambia............................................................................................................................................................................................................................51
The People’s Own Savings Bank (POSB) | Zimbabwe.....................................................................................................................................................................52
Middle East & North Africa
Egyptian Banking Institute | Egypt.................................................................................................................................................................................................................53
Eghtesad Novin Bank | Iran................................................................................................................................................................................................................................54
Fondation Marocaine pour l’Education Financière | Morocco.................................................................................................................................................55
Asia & The Pacific
Daffodil International University, Bangladesh Bank, Prime Minister’s Office of the Government of the People’s Republic of
Bangladesh | Bangladesh....................................................................................................................................................................................................................................56
Ministry of Education | Brunei Darussalam............................................................................................................................................................................................57
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | Philippines...............................................................................................................58
❺ GLOBAL YOUTH ENTREPRENEUR AWARD...............................................................................................................................................61
Tamer Taha, Egypt | “Yomken.com”...............................................................................................................................................................................................................62
Kamal Alhmoud, Jordan | “Aster Company”..........................................................................................................................................................................................63
Charles Immanuel Akhimien, Nigeria |“MOBicure”........................................................................................................................................................................64
Oluwaseun Sangoleye, Nigeria | “Baby Grubz Nigeria”...............................................................................................................................................................65
Seul Ku & John Kye, Uganda | “SPOUTS of Water”..........................................................................................................................................................................66
Juma El-Awaisi, Anwar Almojarkesh, Amr Wanly, UK | “Braci”............................................................................................................................................67
❻ OUTSTANDING YOUTH ECONOMIC CITIZENSHIP AWARD..............................................................................................69
Ieva Laila Kalnina (17 years), Latvia | “Euro run”................................................................................................................................................................................70
Victoria Adeola Popoola (16 years), Ganyiyat Adeseun Jubril (15 years), Nigeria | “BizKidz”...........................................................................71
Victoria Akinfolarin (14 years), Victoria Adeola Popoola (16 years), Nigeria | “BizGame”................................................................................72
Victoria Adeola Popoola (16 years), Nigeria | “Waste to Wealth”........................................................................................................................................73
Jose Adolfo Quisocala Condori (11 years), Peru | “Financial Inclusion with Education and Social and Environmental
Responsibility”..............................................................................................................................................................................................................................................................74
Bagyema Benjamin (13 years), Uganda | “Basic Financial Literacy for Children”......................................................................................................75
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❶ Child & Youth Friendly Banking Award
GLOBAL FINALISTS
Belarusbank, Belarus
“Children/student card. Smart School Education Program”
JC Bank of Georgia, Georgia
“sCool Card Business school”
PKO Bank Polski, Poland
“School Savings Bank (SKO in Polish)”
Sberbank, Russia
Palms (Ladoshki) Payment Card
nimbl Ltd-ParentPay ltd, United Kingdom
“nimbl - Banking for Young People”
The People’s Own Savings Bank (POSB), Zimbabwe
“Youth Account and Junior Save Account”
9
| Child & Youth Friendly Banking Award
Belarusbank
Program Name: Children/ student card Smart School Education Program | Country: Belarus
Partners: Minsk City Executive Committee, Joint Action Plan on Financial Literacy, Ministry of Education
INTRODUCTION account of one of the parents, which than 150,000 people.
Events conducted by JSC are the main account holders with the • From 14 to 20 March 2016, JSC
“Belarusbank” are educational in Bank. Technology enables parents to “Belarusbank” strongly supported the
nature and aimed at directly involving transfer money on the Student Card celebration Global Money Week.
children and young people in and monitor the child’s expenses. This • The Bank’s work in promoting
economic and financial relations, and project is designed for the child’s time financial literacy is highly appreciated
to promote the active use of banking in school, learning from the first grade by the National Bank of the Republic of
products and services. The account is throughout to graduation. The Bank Belarus and the Association of
under the child’s name and can be partners on financial literacy Belarusian Banks.
managed by the child. There is a programming with the monthly
guarantee savings scheme. The children’s magazine “Vyaselka,” JUDGES’ THOUGHTS
minimum age to open the account is 6 “Dawn” newspaper of the youth and Belarusbank actively promotes the
years. Interest rates apply and the 1st National TV channel BT-1. They idea of financial literacy through
account holders get access to a debit also implemented a joint project with educational activities in all regions of
card, online and mobile banking. the Association of Belarusian Banks the Republic of Belarus on financial
Distribution channels are branches, and the newspaper “Komsomolskaya literacy with the participation of
ATMs, POS and through online, Pravda” on the publication of the book pupils, students, young workers,
telephone and mobile banking. The Monetary ABC Project together teachers and parents. Along with
Complaints can be resolved through with the Ministry of Education of traditional activities, a regional
phone, the Belarusbank website or Belarus. specialists from JSC “Belarusbank”
through personal at specific branches. diversify activities through
ACHIEVEMENTS competitions and theatrical
AN OUTSTANDING APPROACH • More than 15,000 students are productions. The Bank provides
The Student Card can be used as an involved in the Student Card information and methodological
electronic pass to the school, as a Education program, with an additional support to educational institutions of
library card, a user ID in the computer 15,000 out of school children reached expertise through elective classes,
lab, a travel document in the urban with the Card. open lessons, theatrical
passenger transport in Minsk and as a • During the first half of 2016, bank demonstrations and presentations.
full-fledged bank card. Student cards employees were involved in 4,270
are issued as an additional card to the promotional events reaching more
10Child & Youth Friendly Banking Award |
JC Bank of Georgia
Product Name: sCool Card | Country: Georgia
Partners: Ministry of Education and Science of Georgia
INTRODUCTION to the Student Card. The project has a and accessibility for children and
The savings account can be opened long term outlook with the goal to give youth. It provides control to children
under the name of the child when they all children and youth in Georgia and youth over their account and a
turn 6 years of age. The account can financial access and education to positive financial incentive for
be managed by the child and is backed build financial capability. Every year, children and youth to save their
up by a savings guarantee scheme. there are about 50,000 first-graders in money. It employs child and youth
The account has ATM transactional Georgia who become eligible for the friendly communication strategies
features, debit card functions and sCool card and financial education, and includes elements of Economic
online banking services. The product ensuring that the project has a long Citizenship Education (i.e. financial
respects local consumer protection term investment. and social education). The conditions
regulations and conditions. The of the sCool Card are agreed with the
procedures of the sCool Card are ACHIEVEMENTS Ministry of Education and Science of
agreed on by the National Bank of • From 2010-2015, Bank of Georgia Georgia and the educational
Georgia. Clients have the ability to use provided about 25000 Junior Cards/ component of the product
the card to pay for municipal sCool cards, with another 10,000 so corresponds to and fits with the
transportation within the city of Tblisi. far in September 2016. Ministry’s long term educational
The card also enables clients to pay • The financial education project is on strategy for school children in the
for lunch and snacks in school cafés. track to reach of 130,000 school country.
children in Georgia by the end of 2016.
AN OUTSTANDING APPROACH
The sCool card is the first banking JUDGES’ THOUGHTS
card in Georgia specifically designed The card satisfies a number of the
for children. After the child finishes Child and Youth Friendly Banking
school, they can transfer their credit Principles, including the availability
11| Child & Youth Friendly Banking Award
PKO Bank Polski
Product Name: School Savings Bank (SKO in Polish) | Country: Poland
Partners: Local schools, the Ministry of National Education
INTRODUCTION regard to consumer credit and the aged 5-13, save their deposits on the
The SKO Program run by PKO Bank distance marketing of consumer SKO account for students and around
Polski is the largest School Savings financial services. 1 million primary school children
initiative in Poland. Aimed at primary benefit from the educational aspects
school students 5-13 years old, SKO There are several communication of the SKO, while participating in the
allows children to open a savings channels used to deliver educational lessons of economy and
account with parental oversight. The content. One of them is a blogging entrepreneurship delivered by the
savings product is connected to many platform SzkolneBlogi.pl, where Bank.
educational resources and online schools have an opportunity to • Awarded by financial experts from
platforms to enhance learning and promote their activities in the SKO CFA Society Poland for economic
build better financial behaviors. Program on the Internet. The platform education of the youngsters.
is a place where more than 660 • Awarded as “Educational Initiative
AN OUTSTANDING APPROACH schools share with other bloggers of the Year” by the Ministry of
Every primary school in Poland – their experience related to the SKO National Education and “The
public and non-public – may join the Program and its main ideas like Teacher’s Voice”.
SKO Educational Program run by PKO finance, saving money, ecology etc.
Bank Polski. The only requirement is For example, they show internet users JUDGES’ THOUGHTS
to sign an agreement between the how to organize a financial knowledge The PKO Bank Polski set up a SKO
school and the Bank. After that, the competition, or how to organize channel on YouTube to make SKO
students can join to the SKO and open successful crowd funding campaigns online banking tutorials available to
their SKO accounts. The employees at among the members of local the public. Also Bank’s own website is
the Bank branches have been trained communities. used for educational purposes. There
to interact with children. They have are published all materials designed to
access to unique training materials, ACHIEVEMENTS provide financial education at schools
both with financial lessons and in • Today, more than 4600 primary and among children. Every internet
scenarios of school visits to the Bank. schools in Poland take part in the user has free and unlimited access to
The branch employees are supported educational program (more than 33% electronic versions of all materials. In
by the back office units in regional of primary schools in the country) – addition, the printed copies are
branches of the Bank and also by the SKO run by PKO Bank Polski – the delivered by the Bank to the schools
special unit located in the PKO Bank biggest educational initiative in participating in the SKO.
Polski headquarters - the Young Poland with the longest tradition
Clients’ Bureau. Mandatory for banks (more than 33% of primary schools in
in Poland, PKO Bank Polski has to the country).
follow consumer protection rules with • Almost 160 000 of children in Poland,
12Child & Youth Friendly Banking Award |
Sberbank
Product Name: (Palms) Payment Card, Youth debit card | Country: Russia
INTRODUCTION federal law about protection of because the child doesn’t have to
Sberbank has given thousands of personal data: all palm vein patterns touch the scanner. This technology is
children an easy, secure and reliable are securely encrypted and also more secure because the
way to manage their money by transformed into the code. The bank probability of a mistake in
introducing a more efficient and respects the law of customer identification is a 100 times smaller.
secure method for handling canteen protection. Parents can always Another advantage is that parents are
transactions in the school choose whether to use the service or informed of what their child has eaten
environment. In addition, Sberbank not. If they don’t want to pay by the at school by sms and they don’t have
makes a great contribution to the palm they can pay either by card or to worry about children carrying
development of youth financial cash. Sberbank want children and pocket money since the service is
literacy. With such tangible success, youth to be customers for a long attached to the debit card.
the bank is keen to explore other areas period of time and offers a debit card
where the ID solution might be used from 14 years when it becomes legal
and continue encouraging young to open an account. Customers can
people to use debit cards in everyday apply to get a card in the bank, via the
life. website or at special events where
they build a special corner to sell
AN OUTSTANDING APPROACH cards.
The strategy of Sberbank’s program is
to engage with young customers by ACHIEVEMENTS
offering them the most convenient • 22 000 children have been reached
solution for everyday spending. They by the Palms card at the moment.
pursue the service of biometric • Sperbank currently offers 4 300 000
payments in school cafeterias. The Youth Debit Accounts.
idea is to cover all kinds of schools • Advertising campaign reaches 13
even in rural areas. Schools make the million young people.
decision about launching this service
in which the children are users. This is JUDGES’ THOUGHTS
also why the bank’s communication is The Sberbank’s program gives
focused on quality education. They children the first idea of a cashless
teach children how to use this service world with this project. Moreover, the
and conduct lessons about banking bank scans the client’s palms, making
products as a part of the school’s identification using vein patterns. This
financial literacy program. They follow makes the service more hygienic
13| Child & Youth Friendly Banking Award
Nimbl Ltd-ParentPay ltd
Product Name: Nimbl Ltd-ParentPay ltd | Country: United Kingdom
Partners: Department of Education, UK stakeholders in financial education, MasterCard
INTRODUCTION and responsible adults. Rather than be used in specific merchant
ParentPay Ltd is the leading online offering Nimbl just as a program, categories according to MasterCard’s
payment service for schools and ParentPay created a fully operating classification system such as pubs,
families in the UK, providing online company (Nimbl Ltd) which has a sole off-licences, online casinos and online
payments, income management and objective to deliver the Nimbl product adult content websites.
lunch money administration for and the corresponding financial
schools, local authorities and education content to all 6,000 ACHIEVEMENTS
caterers. It allows parents to pay collaborating schools • ParentPay provides its services to
quickly and securely for school meals, more than 2 million parents and 3
trips and activities, uniforms, music AN OUTSTANDING APPROACH million children across 6.000 schools
lessons and fees. Being at the cross Young People can receive ad-hoc in 200 local authorities in England,
section of payments between schools, money from their parents and Wales and Scotland.
parents and children, ParentPay has guardians as well as pocket money • The electronic payment form of
designed and developed a unique and allowances in an electronic Nimbl helps not only to eliminate cash
financial solution covering the payment product. The Nimbl Card is usage among young people with the
spending and saving needs of children accepted in stores and online in over accompanying safety considerations,
and young people aged 8 to 18 years 32 million locations worldwide but also gives them ability to
old. Nimbl aspires to provide young wherever MasterCard is accepted. At participate equally in an increasingly
people with the financial confidence the same time, it can be used for ATM digital world.
they will need to grow into confident withdrawals. The card is prohibited to
JUDGES’ THOUGHTS
Nimbl has been at the core of online
school payments, providing today’s
young people with the tools they need
to learn the value of money in its
digital form and develop the financial
confidence to achieve success in
adulthood. The Nimbl web and mobile
app caters for the inherent parent-
child relationship. Provided with
separate log-ins, parents are provided
with a safe and secure environment in
which they can empower their
children, and take advantage of a
forum for family discussion that will
spark lifelong learning. Likewise,
children have access to tools to help
them learn how to spend, save and
budget wisely, learning the value of
money and how to manage it
responsibly. Young people can
communicate with Nimbl through the
mobile and web application, Nimbl’s
marketing website, e-mail and Nimbl’s
call center.
14Child & Youth Friendly Banking Award |
The People’s Own Savings Bank (POSB)
Product Name: Youth Account and Junior Save Account | Country: Zimbabwe
Partners: JA Zimbabwe, Technoserve, Ministry of Youth, Ministry of Education
INTRODUCTION a culture of saving amongst youth and ACHIEVEMENTS
The People’s Own Savings Bank is an as such does not attract monthly • Up to now, 20,000 Youth Accounts
institution reputed for good service charges. It comes with a free have been opened at POSB
governance and transparency. debit card that the youth operates • POSB participated in the Junior
Through the Youth Account and the independently. It is easy to open an Parliament Official Opening with the
Junior Save Account, children learn account because the requirements Zimbabwe Youth Council. They
that banking is a way of life and that are flexible, presenting an opportunity conducted financial literacy trainings,
they can become clients of the Bank at for young customers to start banking gave out branded t-shirts and caps
a young age. The product is part of a early and be financially included. and opened accounts for the youth.
long term plan by the bank in that it Business conditions are explained/ • POSB hosted a luncheon for girl
harnesses the young and keep them disclosed and are provided at the time leaders from high schools and tertiary
as satisfied clients for their lifetime. of opening an account. In case of colleges to increase banking
The Bank has integrated the complaints, POSB offers the awareness for girls during 2016 Global
community in its activities through availability of a Customer Service Money Week
partnerships with organizations like Officer at every branch, ensuring
Junior Achievement Zimbabwe and customers that their complaints are JUDGES’ THOUGHTS
Technoserve that teach dealt with by a human being instead of POSB has made the Youth Account
entrepreneurship amongst youth. a machine. very accessible to children and youth,
POSB has partnered with the Ministry maximizing their control over their
of Youth and the Ministry of Education Through the Youth Account, POSB accounts and providing multiple
to introduce its products to young provides career guidance for the channels for young people to interact
clients through government youth to appreciate and comprehend with qualified bank staff. POSB is
structures. Through career guidance the transition from school to work active in the community and has made
and financial literacy, the bank environment. They also learn about a number of strategic partnerships
assures itself of sustainability as the the importance of savings, how they with government and civil society,
youngsters that are introduced to can open accounts and start allowing them to provide quality
banking at a young age are almost experiencing banking. The Bank educational programming and product
guaranteed to carry on with promote the Youth Account through information relevant to young people
responsible financial lifestyles in their various media channels including in a language that they can easily
adult life. radio adverts, road shows, online understand.
platforms and social media
AN OUTSTANDING APPROACH (Facebook/Twitter).
This product is designed to encourage
1516
❷ Civil Society Achievement Award
GLOBAL FINALISTS
CARE, Burundi
“POWER Africa”
Canadian Foundation for Economic Education, Canada
“Talk with our kids about money (TWOKAM)”
Moneycompass Fundation (Pénziránytű Alapítvány), Hungary
“PontVelem (Score-with-Me)”
International Transformation Foundation (ITF), Kenya
“Patriana Educational Centre: Join the Pipe water station”
Opportunity International (OI), Uganda
“Opportunity Girls Education Challenge”
Camfed, Zambia
“Shaping My Future”
17| Civil Society Achievement Award
CARE Canada
Program Name: POWER Africa | Country: Burundi
Partners: Government offices and banks, Abatangamucho program
INTRODUCTION demand for formal savings. VSLA • The project has reached 87,985
POWER Africa combines a financial groups are eventually linked to formal children and youth. 99% of the
inclusion program through savings financial institutions, with formal children and youth reached were
mobilization for adolescent girls with savings as the ultimate goal of the female, and 100% of them are living in
gender equality training for all program. This is driven by girls’ poverty.
members of the community to demand for secure, formalized savings • Data shows that members are able to
empower girls and young women in as their business and their incomes consistently save increasing amounts
Burundi. The objective of this program increase. Because of their entrenched each week through VSLAs. Girls are
is the engagement of girls in economic gender inequalities at the household able to save an average of $6 per
activities and facilitating greater level, girls’ earnings and assets are week, a significant increase in their
formal financial linkages. The project vulnerable to seizure and misuse. The capacity to support themselves and
works to identify and engage key lack of confidence in the security is their families, as well as to invest their
stakeholders within the girls’ the primary motivation for formal futures.
communities, most notably parents, savings. To respond to the needs of • Girls have grown in confidence and,
teachers, men and boys. Through adolescent girls, the POWER team has with the support of their families and
training, girls build the skills and extensively adapted the VSLA communities, are engaging in diverse
knowledge to save, use credit and methodology and approach centering and expanding businesses.
start managing their own micro and on social action analysis and engaging
small businesses. This improves girls’ the holistic social and economic JUDGES’ THOUGHTS
financial autonomy and inclusion, as ecosystem surrounding girls. This The project is pioneering youth
well as their livelihoods through involves reworking VSLA training savings mobilization through
access to savings and credit, modules, sensitizing community enterprise development and linkages
education and economic members, and scheduling trainings to financial institutions by preparing
opportunities. and meetings outside of school hours. and creating demand for formal
savings. It advocates for strategies in
AN OUTSTANDING APPROACH ACHIEVEMENTS which girls are included in national
The POWER Africa program is unique • The results have been clear: girls financial strategies. Although its main
in its flexibility and response to form profitable businesses, save, and focus is on empowering adolescent
clients’ needs and situations. contract growing loan amounts faster girls, POWER Africa includes men and
Adolescent girls are highly motivated and more sustainably than adult VSLA boys because they are essential for
and quickly absorb and apply training members. As the business profitability achieving gender equality. This way
to their livelihood activities. Through increases, girls re-invest their money POWER Africa combines financial
the Village Savings and Loan back into their businesses, inclusion programming with gender
Association (VSLA) methodology, diversifying and expanding their equality awareness, which involves
POWER Africa prepares and creates activities. the entire community.
18Civil Society Achievement Award |
Canadian Foundation for Economic Education (CFEE)
Program Name: Talk With Our Kids About Money (TWOKAM) | Country: Canada
Partners: Teachers, parents, caregivers, financial institutions
INTRODUCTION The concept of saving is explored plans and activity plans link to other
CFEE’s TWOKAM program uses a through lesson plans delivered by resources developed by other relevant
series of teacher led, curriculum teachers, or activity plans delivered organizations in the field. This linkage
aligned lesson plans, combined with by parents. Lastly, the program enables all of the participants to build
home-based activities designed for provides the resources for a variety of upon the content in their ongoing
parents/guardians that focus on stakeholders to have these delivery of related concepts.
developing skills, knowledge and discussions throughout the year,
application of financial concepts in creating a more conducive
real world and age appropriate environment to have practical and
situations. The TWOKAM program intergenerational discussions about
has been developed based on the money.
premise that advancing financial
literacy and associated competencies ACHIEVEMENTS
require a multifaceted approach. By • The project has reached 60,000
using 3 elements, the School Program, children and youth.
the Home Program and various • The program has been developed
activities on “TWOKAM Day” the and linked to curriculum in all 13
project can ensure a broad reach of a provinces in Canada, as well as Illinois
financial empowerment program that and Wisconsin in the United States.
is inclusive and experiential. • Participants of the project (students
and parents) rated their experience
AN OUTSTANDING APPROACH with TWOKAM positively with an
This combination of in school and at average rating of 80-85%
home resources encourages parents,
educators and other caregivers to JUDGES’ THOUGHTS
work together throughout the year to TWOKAM provides an opportunity for
engage young people in these teachers or parents to use practical
concepts and develop financial resources to provide meaningful
competencies. Furthermore, through money discussions with youth. The
the home program, parents and resources and the layout of the lesson
caregivers are able to reinforce plans for teachers and activities for
financial and wellness concepts parents and caregivers are designed
outside of the school environment, to develop confidence and
thus broadening the reach of the competence in both facilitator and
program to youth aged 6-18 years old. learner. In addition, all of the lesson
19| Civil Society Achievement Award
Moneycompass Fundation (Pénziránytű Alapítvány)
Program Name: PontVelem (Score-with- Me) | Country: Hungary
Partners: Energizer, Varta, Samsung, Tesco, local NGOs
INTRODUCTION other intellectual tasks. They learn, ACHIEVEMENTS
In the program, students collect used instead, that they are worth saving or • The project has reached 33,354
batteries and mobile phones from offering them in a more charitable children and youth, of which 51,4%
their home or their community and manner. In this regard, the children were female.
then bring them to their school. They collect waste selectively, protect the
get a coupon for them from their environment, manage their finances JUDGES’ THOUGHTS
teacher, which is worth “scores”. and help people in need. The organization puts together three
They can also take collected important elements: sustainability,
aluminum cans to the supermarkets The program is unique because it financial awareness, and creative
participating in the program and also involves an active learning sensitivity, in a playful environment
exchange them for scores. Their methodology. The children taking part but with real life applications. This
scores accrue on their own in the program not only read, hear and way the PontVelem program combines
PontSzámla (Score Account) and they speak about the special goals of the the exercising of environment-
can exchange them for gifts or program but, by inserting them into conscious behavior patterns and the
experiences in the PontBolt (Score their everyday life, experience the development and deepening of
Shop), or they may offer them for achievement of the goals in an active financial consciousness and provides
charitable purposes. manner. Above all, the program the opportunity for pupils to
teaches the value of exchange, experience helping people in need in
AN OUTSTANDING APPROACH deposits, interest, donations and an active and playful form.
Through a work based social model in saving for a particular goal, all without
a playful environment, the program actually exchanging any hard
teaches the pupils that they shouldn’t currency. The program relies entirely
spend their income (scores) on credits (“scores”) that come from
immediately, which they have earned turning in recycled products or
through selective waste collection or performing chores within the school.
20Civil Society Achievement Award |
International Transformation Foundation (ITF)
Program Name: Patriana Educational Centre: Join the Pipe water station | Country: Kenya
Partners: Join the Pipe Foundation, school administration
business, because the children will be
responsible for the sale and
distribution of water. The project
provides practical work experience
and teaches children about teamwork,
commitment, leadership and
responsibility. A water kiosk at school
combines a “Learning by Doing”
approach, sustainable rural
livelihoods policies and an education
that pays for itself. After paying off the
costs to ITF, 100% of the revenue
made is possessed by the school,
whom will invest this money either in
maintaining infrastructure, building
additional drinking water, sanitation
and hygiene (WASH) structures or in
any other kind of activity that benefits
the children and the school.
ACHIEVEMENTS
• The project has directly reached
4,338 children and youth and
indirectly reached 70,587 people in the
communities.
• Schools have to be able to repay the
money to International Transformation
Foundation within 2 years on average.
JUDGES’ THOUGHTS
The ‘Patriana Educational Centre: Join
the Pipe water station’ project has an
INTRODUCTION innovative approach to the
The Join the Pipe water station at combination of school enterprise and
Patriana Educational Centre is an financial literacy. Not only is there an
educational and profitable business, emphasis on sustainability within the
teaching students business and project, they also incorporate a
entrepreneurial skills and generating learning by doing approach to achieve
much-needed income for the school. efficiency and effectively deal with
The water kiosk at school was created the problem of rural poverty. Learning
with the belief that enterprise, while these practical skills with an income
directly solving economic challenges generating activity for students
in the community, is key to tackling results in considerable outreach to
youth unemployment. The project is young people and others in the
fashioned to provide a financially community.
sustainable education while
contributing to the rapid development
of the community.
AN OUTSTANDING APPROACH
Seen from an educational perspective,
the water kiosk increases school
attendance as children no longer need
to take themselves out of school to
secure water for their families.
Additionally, it allows the school
children to familiarize themselves with
21| Civil Society Achievement Award
Opportunity International (OI)
Program Name: Opportunity Girls Education Challenge | Country: Uganda
Partners: Opportunity International United Kingdom, Opportunity Bank of Uganda Ltd (OBUL), Private Education
Development Network (PEDN), Friends Consult Limited
INTRODUCTION establishing savings boxes and ledger carry on well beyond the life of the
Opportunity International’s Education cards to manage an in-school savings project. The project helps to improve
Challenge is a holistic program program. Once girls reach UGX 2,000 the financial capability and economic
designed to be directly responsive to (€0.50) they are supported to open a empowerment of young girls in
the major issues preventing the Bank account and start savings Uganda. A positive side effect of this
scale-up of accessible, affordable, formally with OBUL. project is that teachers are also
relevant and high-quality formal encouraged to save through the
education in Uganda with a focus on ACHIEVEMENTS training sessions, in which they
overcoming economic barriers to • 93,337 young people have been witness the success of Girls’ Club
education. The program works reached by this program since May savings and parental savings.
directly with girls in affordable private 2014, of which 56% are female and
schools (APS). APS play an important 84% are from households classified as
role in expanding the access to and “economically active poor”
quality of education in Uganda where • 138% of the program’s literacy target
the government is unable to meet the was achieved as well as 70,9% of its
demand of a given community. numeracy target.
• School Improvement Loans
AN OUTSTANDING APPROACH beneficiaries showed 61% greater
Opportunity International has literacy improvements compared to
introduced a child savings account as non-financed schools.
a part of the Education Challenge. This
is an account in the child’s name, JUDGES’ THOUGHTS
which is supervised by a parent/ The Girls’ Education Challenge project
guardian. Children are introduced to is innovative in that it’s pushing the
this account through school based life boundaries of education finance in
skills training which includes modules Uganda, demonstrating how a
on goal setting and financial sustainable, market-driven approach
education. This is complemented by can meet the particular educational
exposure visits to local banks and needs of marginalized girls. The
in-school savings programs using increased portfolio scale achieved
savings boxes. All girls involved in through the project has supported
clubs are trained and supported in product-level sustainability, which will
22Civil Society Achievement Award |
Camfed
Program Name: Shaping My Future | Country: Zambia
Partners: British Council, UK Department of International Development, Dubai Cares, The Education Development
Centre, Irish Aid, Fossil Foundation, Zambian government, Zambia Federation of Associations of Women in Business
INTRODUCTION groups and traditional authorities. able to put aside some money each
Camfed’s Shaping My Future program Teachers are involved in the selection month, with 64% of those running
invests in a network of rural women process for participants and by businesses saving a regular cash
entrepreneurs in Zambia, supporting girls and young women reserve.
transforming vulnerability into during the program. • There was increased interest in all
opportunity and business leadership listed forms of civic engagement, but
in partnership with Genesis Charitable ACHIEVEMENTS particularly in making presentations
Trust. The aim of the program is to • The program has reached 17,500 girls on business skills and HIV/ AIDS
provide safer and more productive and young women through the during Camfed Alumnea Association
career paths for 3,500 young women financial literacy trainings. (CAMA) meetings and trainings (from
including tertiary study, employment • Shaping My Future directly 17% to 83% after the training) and
and the establishment of 2,800 new supported 2,777 young women, with making contributions to support
women-owned businesses within five 85% of participants considering vulnerable children in rural schools
years (2012-2017). themselves leaders in the community (increasing from 15% to 71%).
and 93% considering themselves as
AN OUTSTANDING APPROACH role models following the training. The JUDGES’ THOUGHTS
Young women are comprehensively impact extends beyond the individual The combination of educational
equipped with financial and social young women to their communities support, new business literacy and
training before being given a grant to with 95% of participants engaged in implementation led by CAMA
establish their own business. In community support activities. members themselves provides a
addition to becoming beneficiaries of • Project participants have reported foundation for change at the
financial literacy and training, the higher household spending on health individual, community and systemic
young women support the and education, increased levels of levels. The young women who become
development of their communities by saving, increased agency in terms of successful, self-supporting
facilitating financial literacy trainings household decision making, increased entrepreneurs act as role models for
themselves, cumulatively reaching an job creation and increased all young people in the community
additional 14,000 people. Camfed philanthropy. particularly girls. They share the
programs are managed by a • Women on the program are saving in benefits of the opportunity they have
Community Development Committee practice. Prior to participation, very received by volunteering their time as
(CDC) made up of local stakeholders, few women (5%) had any money trainers and mentors for other young
including district level representatives saved. There was a very marked people.
of government ministries, civil society increase in the proportion of women
23❸ CYFI Country Award
REGIONAL FINALISTS
Americas & Financial Consumer Agency of Canada, Canada
The Caribbean “Children/student card. Smart School Education Program”
Superintendencia de Bancos de Panamá, Panama
“Financial Education Program: Better decisions starting today”
(“Programa de Educación Financiera: “Mejores decisiones, desde Hoy”
Central Bank of Paraguay, Paraguay
“La Estrategia Nacional De Inclusión Financiera De Paraguay”
Europe & Central Bank of Armenia (leading organization), Armenia
Central Asia National Financial Education Strategy, Curriculum Integration,
“My Finance Month”
Financial Services and Markets Authority (FSMA), Belgium
“Wikifin.be”
National Bank of the Kyrgyz Republic, Kyrgyzstan
“National Strategy; Global Money Week; National Committee formation”
Africa Ministry of National and Technical Education & Ministry of Finance, Ivory
Coast
“Financial Education”
Central Bank of Mozambique, Mozambique
“Implementation of Financial Education Programme of Bank of
Mozambique” and Nation-wide savings campaign “Dia Mundial Da
Poupança 2015”
Microfinance Unit (Ministry of Finance), Swaziland
“Financial Inclusion Strategy,” “Financial Education for children and
youth,” and “Financial Education curriculum for Teacher Training
24Middle East & Egyptian Banking Institute, Egypt
North Africa “Shaping the Future initiative”
Higher Council for Childhood (HCC) – Ministry of Social Affairs Banque
du Liban, Lebanon
“National Strategy on the Financial Education”
The Moroccan Foundation for Financial Education, Morocco
“National Strategy on Financial Education”
Asia & Australian Securities and Investments Commission, Australia
The Pacific “National Financial Literacy Strategy 2014-2017”
Reserve Bank of Fiji; National Financial Inclusion Taskforce, Fiji
“National Financial Literacy Strategy 2013-2015”
Bank of Mongolia, Mongolia
“National Plan for Financial Literacy”
25| CYFI Country Award
Canada | Americas & The Caribbean
Lead organization: Financial Consumer Agency of Canada
Program Name: National Financial Literacy Strategy – Count Me In, Canada
Partners: National Steering Committee on Financial Literacy: Autorité des marchés financiers (AMF), Canadian Life &
Health Insurance Associates, Credit Canada Debt Solutions, Canadian Bankers Association, Canadian Association of
Student Financial Aid Administrators, Ontario Securities Commission, CTV, Movement Desjardins, Aboriginal Financial
Officers Association of Canada, Financial Planning Standards Council, Prosper Canada, Financial and Consumer Services
Commission of New Brunswick, Canadian Foundation for Economic Education, Chartered Professional Accountants of
Canada
INTRODUCTION knowledge of today’s financial and 2014 (conducted in five year
Throughout 2014, the Financial universe. The resource is ready to use increments.)
Literacy Leader met with stakeholders with lesson plans, overheads, income, • Declared November Financial
and held consultations across the expense and budget handouts, and a Literacy Month, with a growing
country to ensure the development of variety of worksheets. number of events and initiatives each
a national strategy that meets the year.
needs of all Canadians. The National Make it Count: A resource for youth • Canadian organizations have also
Strategy for Financial Literacy – Count money management, is an interactive participated in Global Money Week
me in, Canada, implemented in 2015, mentoring program which provides since 2013, most recently by holding
will mobilize and engage public, parents and instructors with activities an event at the Toronto Stock
private, and non-profit sectors to and information to help them Exchange during GMW 2016.
strengthen the financial literacy of incorporate discussions about • Held four national financial literacy
Canadians and empower them to finances and money management into conferences engaging in
achieve the following goals: 1) manage their daily routine; easily turning conversations about strengthening
money and debt wisely 2) plan and everyday situations into educational financial literacy through
save for the future 3) prevent and opportunities. Developed by the collaboration.
protect against fraud and financial Manitoba Securities Commission, the • Proposed a new financial consumer
abuse. Three priorities have been program includes a parent’s guide and protection framework for banks.
named to achieve concrete an instructor’s guide • Introduced a financial workshop to
actions and effectively implement the help young adults learn about
strategy to achieve its goals: 1) Furthermore, Canada has several budgeting, saving, credit, investing,
collaborating and sharing 2) tailoring creative ways to reach children and fraud prevention and financial
programs and applying plain language youth. For example, young people can planning.
principles and 3) reaching and follow and join the conversation on
engaging Canadians social media to help spread the word JUDGES’ THOUGHTS
about the national strategy: Twitter Canada is recognized for the
AN OUTSTANDING APPROACH (#CountMeInCA), Facebook, YouTube innovative approach it is taking to
Specific Educational Programs for and LinkedIn. financially educate its youth
Youth have been developed through population in ways that are most
the National Strategy: The CITY and A financial literacy self-assessment relevant to the ways of life of today’s
Make it Count. quiz has also been developed which is young people. Further, in addition to
designed to test financial skills and the many members of the National
The CITY is a free, powerful teacher knowledge.By using this quiz, young Steering Committee, an
resource developed by FCAC to help people can see how their results interdepartmental committee on
young Canadians improve their compared to other Canadians, based financial literacy has been established
on their responses to the Canadian including: Bank of Canada, Canada
Financial Capability Survey. Young Deposit Insurance Corporation,
Canadians can also consult the Canada Revenue Agency, Department
Canadian Financial Literacy Database, of Finance Canada, Global Affairs
a one-stop shop to find information on Canada, Immigration, Refugees and
financial topics, resources, events and Citizenship Canada, Indigenous and
tools offered by various organizations Northern Affairs Canada and
across Canada. The resources and Statistics Canada. The vast scope of
events include publications, actions and actors involved provides a
interactive tools, webinars and strong testimony to the importance
workshops on a wide range of Canada places on the financial literacy
financial topics. of youth in the country.
ACHIEVEMENTS
• Developed and fielded the Canadian
Financial Capability Survey in 2009
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