AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International

 
AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
AWARDS FINALISTS - PROFILES
28 November 2016 | The Golden Hall, Stockholm City Hall
AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
In partnership with   Initiated by

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AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
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

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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 - Child & Youth Finance International
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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AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
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

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AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
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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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 - Child & Youth Finance International
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”

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AWARDS FINALISTS - PROFILES - 28 November 2016 | The Golden Hall, Stockholm City Hall - Child & Youth Finance International
| 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

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Child & 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

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| 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,

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Child & 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
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| 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.

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Child & 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
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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.

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Civil 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.

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Civil 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

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Civil 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

                                                                                                                              23
❸ 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

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Middle 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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