by Theckla Gunga – EM TV, Port Moresby
The access to financial literacy and bank loans is becoming easier for PNG citizens compared to past years.
This follows an increase in the number of financial institutions in the country and more people are receiving financial training through the different partnership programs organized by banks and churches.
Today say over four hundred participants graduating from the Certificate in Excellency Financial Inclusion program.
CEFI is a financial literacy program that teachers people on the basics of budgeting, savings and spending habits that are healthy for any consumers.
This pilot project aims to educate over one hundred and twenty thousand people to practice living a savings culture.
Through such programs more people are becoming aware of the benefits of creating bank accounts.
It also gives participants the advantage of getting loans to start up their own businesses and participants are able to identify areas where unnecessary spending can be prevented.
From the group that graduated today, most of them were mothers.
These mothers were encouraged to also teach their children on how to save money at an early age.