2022 Burundi Global Money Week

PARTICIPATING ORGANISATIONS:

• 3hi Africa, Fal Groupe

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 2

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 400

NUMBER OF ADULTS REACHED DIRECTLY:

• 50

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 500

During Global Money Week 2022, 3hi Africa in partnership with Fal Groupe and Aheza Iwacu reached more than 500 youth and adults through many digital as well as in-person activities. These included:

• Survey for youth who have already developed a savings culture in Burundi (300 respondents);
• Presentation of tools for youth financial inclusion (about 100 participants);
• Live discussion on savings (over 100 people reached);
• Awareness raising on Buja FM radio (over 200 people listening to this radio);
• Training/awareness raising workshop (over 100 young people);

Different online and offline financial literacy awareness sessions were offered for youth and for adults on the following topics: “Keep a budget book to monitor spending regularly”, “Establish a budget calendar”, “Digital applications and books to develop financial literacy skills”, “Working and investing smart” and “Constantly educate themselves on financial management.”

High-level discussions, seminars, and other educational sessions were hosted during the GMW in Burundi. At the end of the week, more than 500 young people who took part in the different activities understood that money does not only depend on a regular salary and that no matter how much money passes through their hands, it can be managed independently and responsibly.

Some youths were interviewed for feedback. They were glad to have had mentors during GMW who helped them learn about how to manage money better, how to change mindset and behaviour toward money when facing spending urges.

2018 Burundi Global Money Week

LEADING ORGANISATIONS:

• Computers for Schools Burundi
• SOS Children's Villages Burundi

PARTICIPATING ORGANISATIONS:

• "La Miséricorde" Health Center, Association of Carpenters Manufacturers of Buildings (AMEFAM), CEPBU Burundi High School, Financial Education Department, Fundamental School Monseigneur Scheppers Nyakabiga, Fundamental School SOS Rutana, Savings and Credit Cooperative (COOPEC), Scheppers Nyakabiga High School

NUMBER OF CHILDREN REACHED DIRECTLY:

• 1 790

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 2 075

SOS Children's Villages Burundi
More than 150 children and youth participated in SOS Children’s Villages Burundi GMW2018 activities, on March 16 and 18. Children and youth learnt about the value of money and the importance of savings through various activities, such as a drawing and essay competition, visits to two local companies (a bakery and a carpentry) and a microfinance institution. As a result of this organised events, the children have committed to save more, do internships at local companies, and set up their own projects.

Computers for Schools Burundi
During GMW2018, Computers For Schools Burundi, in partnership with experts from Coalition of Young Graduates for Self-Development (COJEDA Financial Education Institute) organised visits to schools and offered training on financial education to students. In Bujumbura, three schools participated in Global Money Week 2018 celebrations. Over 1500 students between the ages of 5 to 22 were reached. The children of the Fundamental School Monseigneur Scheppers Nyakabiga, aged 5-11, had a training session of 30 minutes, for all classes from Primary 1 to Primary 6. The students from Scheppers Nyakabiga High School, aged 12-15, classes 7-9, participated in a training session. Finally, all students aged 12-22, class 7-12 from the CEPBU NTAHANGA High School participated in the training session as well. Experts in financial education had prepared several questions in advance, aimed to help understand what preconceived ideas children have about money. These questions included: “What do you know about the history of money in Burundi?”, “Who has previously visited a bank or microfinance institution?”, “Who has an account at the bank?”, “Who has money saved up at home or in the bank?, and “Who wishes to open an account in the bank or at a Microfinance?”.

2016 Burundi Global Money Week

LEADING ORGANISATIONS:

• SOS Village d’Enfants BURUNDI

PARTICIPATING ORGANISATIONS:

• Banque Burundaise de Commerce et d’Investissement (BBCI)
• Twitezimbere Microfinance
• Schools

NUMBER OF CHILDREN REACHED DIRECTLY:

• 477

NUMBER OF CHILDREN REACHED INDIRECTLY:

• 477

Two of Burundi’s five SOS Children’s Villages (SOS Muyinga and SOS Rutana) participated in Global Money Week 2016.

In the South, SOS Rutana planned a student visit to the local bank branch of the BBCI with 25 children on 16 March. Even though it was exam time for students, they gladly accepted the invitation as most of them had never had the opportunity to enter a bank and ask bankers questions. They prepared several of their questions in advance which included "What is the history of money?", "Why should I put my money in the bank, instead of keeping it at home?", "Why should I open a bank account at the BBCI?", "What is wise money management?", "How does one use a cheque book? What is its utility?", "What are the conditions and steps to make for obtaining a credit?", "What is the difference between a microfinance institution and a bank?". The knowledge gathered during this meeting was shared with their friends and classmates at school, thus reaching even more children.

Two days later, in the North, SOS Muyinga organised a conference with Twitezimbere Microfinance in order to inform the local children and youth of the community about savings and, more specifically, about its financial product “Junior Savings”, available for youth under 18. There were 352 young people (aged 8 to 22) present at this event. After the conference, they were able to ask questions such as "How much can we save?", "When can we withdraw our money?", "What happens if we change address?", "What happens if we die?". These activities addressed very relevant concerns from the youth and helped the young people to keep the formal financial sector in mind when earning and saving money in the future.

2015 Burundi Global Money Week

LEADING ORGANISATIONS:

• World Vision

PARTICIPATING ORGANISATIONS:

• Schools

NUMBER OF CHILDREN REACHED DIRECTLY:

• 65

NUMBER OF CHILDREN REACHED INDIRECTLY:

• 65

In 2015, Burundi joined the celebration of Global Money Week for the first time. World Vision Burundi through its current programme “Literacy Boost” conducted awareness raising activities and banks visits. This allowed children from diverse background to learn and get more information about financial institutions' operations and they were challenged to start thinking about securing their future.