2017 Timor Leste Global Money Week
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East-Timor is a small country in Southeast Asia, and is the youngest country in Asia – being independent only since 2002. During Global Money Week, the NGO MOVE promoted several activities with children, teenagers and young entrepreneurs, aiming to increase financial literacy awareness in the future leaders of the country.
In the beginning of the week, MOVE promoted a session on financial literacy, with the children of a local neighborhood, to increase awareness of the importance of saving in a very practical and enthusiastic way. In this session, the attendees also participated in the money box challenge by creatively making piggy banks out of bottles.
MOVE also promoted the subject with the students of the local university, mainly the ones who participate in the “entrepreneurship club”. These students had sessions on financial literacy and were challenged to collaborate in the organization of big event with national speakers.
Moreover, during the week, MOVE interviewed people on the streets in the local language – Tetum – to be able to better understand the levels of financial literacy of the population. These interview results were the used to make further promotional videos that are relevant to the level of financial literacy of people in East Timor.
At the close of the week, a commemorative event was hosted at the University of East Timor, where all the students and staff of the university, as well as main local partners, were invited to attend. The event included presentations by several speakers from local institutions and businesses, each of them sharing their experience and focusing on a different subject of financial literacy. In this way, student engagement on these initiatives were able to create a domino effect by sharing and spreading the word about the fun and learning they gained during the week.
2016 East Timor Money Week
DATE OF THE EVENT:
- 14th - 18th of March
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For the first time, Global Money Week was celebrated in East Timor (or Timor-Leste) this year. ChildFund Timor-Leste took the lead in coordinating child social and financial education sessions and a Youth Talk / Skype Call. ChildFund Timor-Leste coordinated this through Aflatoun clubs in 4 schools in two districts (Liquica and Covalima).
In line with the Aflatoun program, ChildFund Timor-Leste has delivered quality child social and financial education for young people and have established Aflatoun clubs. The Aflatoun clubs help maintain the motivation of students to build their financial capability and save through coin boxes – or some to even open their own bank account.
The students also participated through a skype call or Youth Talk with children from the Philippines where they were able to talk about their experiences learning about social and financial education, the importance of saving, and connecting with children from another country. The clubs from Liquica are from Vatunaua and Laclolema Elementary Schools have a total of 60 active children – nevertheless, these children that participate in the clubs also have followers and other children who they provide information and experiences. The children also brought with them their coin banks.
Impressively, 4 of the children who carried their coin banks have shifted to saving their money through a bank.