Benin

2018 Benin Global Money Week

LEADING ORGANIZATIONS:

  • EurAfrik
  • Société d'Inclusion Financière (SIF-Groupe)

PARTICIPATING ORGANIZATIONS:

  • Bénin WEB TV, DB Com, Diamond Bank Benin, Ecobank Benin, Finagnon Primary School, La Marjolaine School Complex, Le Beninois Libere, Le Témoin, OB-TV, Océan FM, UNCDF, Univers Radio, 18 Technical Colleges

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 6 700

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 13 500

Société d'Inclusion Financière (SIF-Groupe)
The Financial Inclusion Society (SIF-Groupe), in collaboration with the DB Com and the Ivory Coast’s Financial Education Program, successfully celebrated this years GMW. Multiple activities were organized for youth in Cotonou during the week. Before the week started, interviews were done, to collect information on the knowledge on money matters and savings of children, youth and adults. The official launch event happened on March 12th, with support of UNCDF, in the “La Marjolain” building. A large audience was present, including representatives of EcoBank and Diamond Bank, several media outlets, and most importantly hundreds of young participants. In collaboration with the scholar group “Finagnon”, ‘La Marjolaine” organized an event called ‘A banker in my classroom’, where representatives of banks visited schools to meet children and teach them about money matters, savings and banking systems. Children and youth were able to open child-friendly bank accounts to continue the financial inclusion. Also, a psycho-technical test was created by UNCFD in order to determine the children’s entrepreneurship skills. After this, discussions surrounding the theme “The bank, its products and financial inclusion for children” were organized. Finally, students from both “La Marjolein” and “Finagnon” participated in a quiz about savings and the Benin’s banking system. The different activities were truly appreciated by all participants. As a result of the successful week, SIF Group wants to extend the activities to other schools in the country.

EurAfrik
EurAfrik organized an election for a youth governing body, which will overlook a mutual saving group in technical colleges. In addition, EurAfrik provided assistance looking for and establishing a partnership with youth financial service providers in colleges. Furthermore, they provided assistance in establishing a youth craft association. The objectives of the events were to teach youth about long-term micro saving, to offer mobile money service in colleges, to prepare the youth for employment after their schooling.


2017 Benin Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

  • UNCDF
  • Diamond Bank Bénin
  • Organe Consultatif de la Jeunesse (OCJ)
  • Mouvement d’Action pour les Jeunes (MAJ/ ABMS-PSI Bénin)

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 200

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 2500

Throughout Global Money Week 2017, AIESEC in Benin along with Diamond Bank Benin, Global Investment Corporation (GIC) and UNCDF, reached around 200 young students directly. More than 2500 people were reached indirectly through social media platforms such as Facebook and Twitter.

During GMW2017, Financial literacy awareness sessions were offered to students at ESCAE and ENEAM. The session led by Diamond Bank and the Global Investment Corporation (GIC) highlighted the importance of having a savings account, and gave key information to students about the financial market and Investment Clubs. Following these sessions 3 students’ investment clubs have been launched and about 30 students have opened a savings account.

In addition, Benin participated in the launch of the #BankTheYouth campaign during GMW2017.


2016 Benin Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

DATE OF THE EVENT:

  • 14th - 19th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 150

Various civil society organizations successfully joined forces to help implement GMW2016 celebrations in Benin for the first time! The coalition of leading organizations set up an extensive GMW program, starting on 14 March, to bring the topics of financial education and inclusion closer to the Beninese.

AIESEC Benin already introduced Global Money Week on national television (ORTB) on Sunday 13 March 2016, and a radio talk show specially dedicated to GMW took place to announce the Week during a radio program focusing on youth education. Several young people called this show to participate in the debate, thus showing the interest of the youth in this matter. This media coverage helped to raise awareness about financial inclusion issues and advertised GMW events.

On 16 and 18 March, the GMW partners held saving shops in schools – students participated in a “saving shop” challenge, a practical competition to teach youth to save while shopping. This challenge helped them understand the value of money and develop critical thinking, decision making, team work, leadership, communication and savings skills. In addition, students took part in financial workshops in Cotonou and Calavi. Various financial institutions, such as microfinance, investments and mobile money firms, were invited to give advice to students on savings and investments. The workshops also served as career advisory centers for high school students who may be seeking for a career in the finance sector in the future. The workshops were hosted by two universities as well to address university students and to inform them about financial services and budget creation, as well as youth funding and micro-entrepreneurship.

The extent of this program ensured an exciting first Global Money Week in Benin!