Organize Financial Education Fairs or Plan Open Markets
Educative and interactive fairs are a great idea to showcase the work of different institution and bring youth together. Interactive financial games and workshops can be part of it so that the students learn new skills and can interact with others.
As main event, the Global Money Week Festival was held at the Central Library of University of Indonesia on Saturday, 1 April 2017. More than 450 youth participated in the festival with 7 financial experts as speakers, 6 attractive booths representing financial institutions, 3 interesting topics talk shows (1. Business Tips for Beginners; 2. Protect Your Future Early; 3. Be Fearless in Investing;), and two fun financial games as well as cool art performances.
One of the largest shopping malls of Bishkek hosted a children’s fair, where children took on the role of entrepreneurs and sold goods of their own produce. Considering the large number of participants and the high interest of the visitors, such fairs will now be held every week on a regular basis.
Real ATMs were installed, where children could test how to use a debit card. The virtual bank branches worked as follows:
• The branches worked for two days and approximately 7 hours a day.
The festival was held as part of the educational projection of the Bank of Guatemala, with the support of the Ministry of Education, and has been carried out since 2008 in different parts of the country.
The activity included an educational tour, focused on the contents of the Libraries of Banco de Guatemala, whose presentations were engaged in interactive stations, that explain financial content to the children in a simple and enjoyable way. The Superintendence Bank, the Banking Association of Guatemala, National Mortgage Credit, Workers’ Bank, BACCredomatic, Consumer Assistance and Assistance Directorate, as well as Azteca Foundation, with their interactive and educational games and materials, contributed to the success of the activity. In addition, the Bank of Guatemala presented a puppet show, explaining to children what the Bank of Guatemala is, its functions and the importance of saving.
The Banking Association of Bolivia, in partnership with 11 of its member institutions, developed a series of activities for the celebration of GMW in Bolivia. The GMW celebrations in Bolivia were framed by the celebration of the annual Credit Fair, which was organized by the Banking Association of Bolivia (ASOBAN). An example of activities includes an interactive stand, in which participants had the opportunity to learn basic concepts of personal finance and acquired relevant skills to use while doing their financial planning. The stand placed particular importance on “goal setting” with respect to the process of financial planning, and also focused on how different products and services within the financial system can be of great help to achieve those goals.
During the fair, participants traveled the established route to learn about credit, how credit can play an important role in developing one’s personal finances, how to use credit and the security measures that need to be taken into consideration when using credit. By the end of the route, the youth were able to learn more about their personal finances and other financial instruments by enjoying a guided visit to the website www.descubre.bo, an online platform for financial education sponsored by the Banking Association of Bolivia.