Network Kokoda has established a Memo of Understanding with PNGs MiBank to provide financial literacy training for the local community at our Sogeri Women’s Learning Centre.
MiBank is a grassroots financial institution licensed by the Bank of Papua New Guinea (BPNG) to provide a savings opportunity for subsistence villagers and small business people in the informal economy.
Our initial financial literacy course involved 24 women and two young men from Sogeri, Vesilogo, Owers Corner, Crystal Rapids and Sirinumu village areas.
Subjects covered included:
Savings: You can do it
Savings: What are they and why save?
Savings: How to set goals
Budgeting: Using money wisely
Importance of budgeting
How to make a budget
Mobile Banking: Understanding the benefits of MiCash