Foundation to deliver first financial literacy training in Wabag, Enga province

November 15, 2024

The Regina Sagu Foundation (RSF) will deliver its first financial literacy training in Wabag, Enga province next month following four of its staff successfully completing a Training of Trainers Training in Port Moresby recently.

The group were among 29 trainees including 19 women who were certified by CEFI after completing a five day Financial Literacy (FL) ToT training from November 04-08.

The four RSF team members are foundation president Mrs. Grace Barton Ma’ai, vice president Ms. Rosemary Koimbo and two employees Rhoda Kore and Tommy Aiyok.

The training is a part of a MoU the foundation signed with CEFI in October this year which will enable RSF to deliver financial literacy training to women SME’s in Enga province, other Centres of PNG and in the National Capital District.

A proud vice president Ms.Rosemary Koimbo acknowledged the partnership stating that the foundation will work together with CEFI in achieving the national goal that is to convert 2 million unbanked, low income Papua New Guineans to have bank accounts with females making up half of that number.

“We have an active role to play towards achieving that goal by delivering financial literacy to the rural mothers and the rest of the unbanked population,” Ms. Rosemary Koimbo encouraged the trainers.

Foundation president Mrs. Grace Barton Ma’ai challenged the participants to go back and empower their people to use money wisely by having a savings plan and goal to alleviate poverty in the long run.

The main objective of the FL ToT training was to equip and empower employees, partners, stakeholders, SME and individuals attached with RSF the training techniques and personal money management skills so they can be able to transfer the skills and knowledge to others.

CEFI Executive Director Mr. Saliya Ranasinghe stated that as certified trainers they had a responsibility to educate their community on savings and budgeting in order to improve their way of life.

“You are going to be agents of change and role models to your own community. Take this knowledge of financial literacy education to your people and impact their lives so they will have a better standard of living,” Mr. Ranasinghe said.

The five-day Training of Trainers course in financial literacy successfully equipped 29 participants with advanced skills in delivering fundamental concepts and principles of savings and budgeting, particularly within a household context.

This intensive program, culminating on Friday the 08th November, 2024, with a formal graduation, will empower these individuals with a certification that enables them to effectively train others within their respective organizations or communities.

This milestone not only signifies their personal achievement but also marks the beginning of their pivotal role in fostering financial literacy and empowering households to achieve better financial stability.

Ends.

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org or visit www.thecefi.org

Captions:

Image 1:

Group photo of ToT trainees with CEFI and RSF staff and management following the brief presentation ceremony.

Image 2:

Foundation president Mrs. Grace Barton Ma’ai presenting Mr. Bernard Panzu his certificate. Mr. Panzu a graduate accountant and currently study for his second degree at Divine Word University, travelled in from Madang to attend the five day ToT training.

Image 3:

CEFI Executive Director Mr. Saliya Ranasinghe presenting Ms. Faith Barton, Principle Emunah Legal, her certificate after successfully completing the five day ToT Training.

Image 4:

Foundation President Mrs. Grace Barton Ma’ai presenting Mr. Jason Lyambi, a Lawyer with Emunah Legal, his certificate.

Image 5:

CEFI Executive Director Mr. Saliya Ranasinghe presenting Ms. Doreen Amani, self-employed manager of DOT Cleaning, her certificate after she successfully completed the five day ToT training.

Image 6: