Ecuador

2024 Ecuador Global Money Week

GMW NATIONAL COORDINATOR:

  • Superintendency of Popular and Solidarity Economy (Superintendencia de Economía Popular y Solidaria)

PARTICIPATING ORGANISATIONS:

  • 95 savings and credit cooperatives, 4 mutual savings and credit organisations, 6 private sector financial entities, 1 ONG, 1 Integration Organisation, 2 public institutions, 6 private organisations, and 3 universities and higher education institutes.

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 118

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 1 335 689

NUMBER OF ADULTS REACHED DIRECTLY:

  • 2 125

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 5 342 756

The Superintendence of Popular and Solidarity Economy, with the support and collaboration of 118 participating entities and organisations, led the GMW campaign in Ecuador.

To prepare the GMW, a roadmap was established to achieve a broader reach compared to previous editions. As a country, a goal of reaching 1 million children and young people was set. Joint efforts enabled Ecuador to surpass this target, reaching 1,335,689 girls, boys, and young people across Ecuador. Over 2,473 educational events were organised for children and young people in all 24 provinces of Ecuador. These events provided opportunities to learn basic financial concepts through training sessions, workshops, contests, interviews, conferences, interactive games, educational videos and images, among others. Emphasis was placed on the importance of wise money management, distinguishing between needs and wants, setting savings goals, responsible borrowing or lending, investment, insurance, and planning personal and family finances to make informed and responsible decisions.

The Superintendence of Popular and Solidarity Economy (SEPS) conducted training sessions, certifying 709 individuals as "Financial Education Trainers" for the training of participating entities and organisations. The audience has been increasing over the years, essential for the sustainable expansion of financial knowledge. Training these human resources ensures that the impact of financial education endures beyond the duration of Global Money Week. A fundamental strategy for the campaign's execution was the involvement and participation of Educational Units, which, through coordinated work with the Ministry of Education, allowed reaching 493 educational establishments and carry out over 2,125 events nationwide.

For the first time in Ecuador, an initiative was developed for the Deaf Community. Preparation involved SEPS officials trained as sign language interpreters, who were certified as "Financial Education Trainers" and provided playful training to teachers and students at a specialised educational institution in Quito.

The successful preparation and execution of Global Money Week 2024 relied on the crucial work of strategic partners. The collaboration of the German Sparkassenstiftung, the DK Group, VISA, and the "Independiente del Valle" Specialised High-Performance Club has been vital for the development of this initiative. Their commitment and support have enabled the implementation of innovative and effective programmes, reaching thousands of children and young people nationwide, and promoting a culture of financial education that will contribute to the well-being of future generations.

2023 Ecuador Global Money Week

GMW NATIONAL COORDINATOR:

  • Superintendency of Popular and Solidarity Economy (Superintendencia de Economía Popular y Solidaria)

PARTICIPATING ORGANISATIONS:

  • BANCO DEL AUSTRO; BANCO DE LOJA S A; Banco de Machala; BANCO GUAYAQUIL S.A; Corporación del Seguro de Depósitos, Fondo de Liquidez y Fondo de Seguros Privados; UNION DE COOPERATIVAS DE AHORRO Y CREDITO DEL SUR UCACSUR; UNION PROVINCIAL DE COOPERATIVAS DE AHORRO Y CREDITO DE CHIMBORAZO UPROCACH; RED NACIONAL DE FINANZAS POPULARES Y SOLIDARIAS DEL ECUADOR; Fundación CRISFE; Fundación para Promover las Finanzas Inclusivas y la Gobernanza - FIG; BOLSA DE VALORES DE QUITO S.A.; World Council of Credit Unions, Inc; ASESORIA EMPRESARIAL LATINOAMERICANA WOCCULATAM S.A.; FUNDACION DE LAS AMERICAS PARA EL DESARROLLO PARTNERS OF THE AMERICAS; Asociación de Bancos Privados del Ecuador - ASOBANCA; CLÚSTER FINANCIERO "U. DE LOS HEMISFERIOS"; Red; Transaccional Cooperativa S.A. RTC; SABERSER SAC; RISK MANAGEMENT CONSULTING - COAC UNIVERSIDAD CATÓLICA DEL ECUADOR; GOVERNANCE IKIGAI CORPORATE DIRECTORS ASSOCIATION SAS; TREDICIONES CIA. LTDA.; COOPERATIVA DE AHORRO Y CREDITO 23 DE JULIO LIMITADA; COOPERATIVA DE AHORRO Y CREDITO CHIBULEO LIMITADA; COOPERATIVA DE AHORRO Y CREDITO POLICIA NACIONAL LIMITADA; COOPERATIVA DE AHORRO Y CREDITO ALIANZA DEL VALLE LIMITADA; COOPERATIVA DE AHORRO Y CREDITO RIOBAMBA LTDA; COOPERATIVA DE AHORRO Y CREDITO DE LA PEQUEÑA EMPRESA BIBLIAN LIMITADA; COOPERATIVA DE AHORRO Y CREDITO OSCUS LIMITADA; COOPERATIVA DE AHORRO Y CREDITO DE LOS SERVIDORES PUBLICOS DEL MINISTERIO DE EDUCACION Y CULTURA; COOPERATIVA DE AHORRO Y CREDITO DE LA PEQUEÑA EMPRESA CACPE LOJA LTDA; COOPERATIVA DE AHORRO Y CREDITO VICENTINA MANUEL ESTEBAN GODOY ORTEGA LIMITADA; COOPERATIVA DE AHORRO Y CREDITO ANDALUCIA LIMITADA; COOPERATIVA DE AHORRO Y CREDITO AMBATO LTDA; COOPERATIVA DE AHORRO Y CREDITO 9 DE OCTUBRE LTDA; COOPERATIVA DE AHORRO Y CREDITO INDIGENA SAC LTDA; COOPERATIVA DE AHORRO Y CREDITO JUVENTUD ECUATORIANA PROGRESISTA LIMITADA; COOPERATIVA DE AHORRO Y CREDITO SAN JOSE LIMITADA; COOPERATIVA DE AHORRO Y CREDITO VIRGEN DEL CISNE; COOPERATIVA DE AHORRO Y CREDITO 29 DE OCTUBRE LTDA; COOPERATIVA DE AHORRO Y CREDITO CHONE LTDA; COOPERATIVA DE AHORRO Y CREDITO TULCAN LIMITADA COOPERATIVA DE AHORRO Y CREDITO KULLKI WASI LTDA; COOPERATIVA DE AHORRO Y CREDITO ONCE DE JUNIO LTDA; COOPERATIVA DE AHORRO Y CREDITO 15 DE ABRIL LTDA; COOPERATIVA DE AHORRO Y CREDITO COOPROGRESO LIMITADA; COOPERATIVA DE AHORRO Y CREDITO MUSHUC RUNA LTDA; COOPERATIVA DE AHORRO Y CREDITO ATUNTAQUI LIMITADA; COOPERATIVA DE AHORRO Y CREDITO SANTA ROSA LIMITADA; COOPERATIVA DE AHORRO Y CREDITO CALCETA LTDA; COOPERATIVA DE AHORRO Y CREDITO PABLO MUÑOZ VEGA LIMITADA; COOPERATIVA DE AHORRO Y CREDITO PADRE JULIAN LORENTE LTDA; COOPERATIVA DE AHORRO Y CREDITO ALFONSO JARAMILLO LEON CAJA; COOPERATIVA DE AHORRO Y CREDITO COMERCIO LTDA; COOPERATIVA DE AHORRO Y CREDITO JARDIN AZUAYO LIMITADA; ASOCIACION MUTUALISTA DE AHORRO Y CREDITO PARA LA VIVIENDA PICHINCHA; ASOCIACION MUTUALISTA DE AHORRO Y CREDITO PARA LA VIVIENDA IMBABURA; COOPERATIVA DE AHORRO Y CREDITO VISION DE LOS ANDES VIS ANDES; COOPERATIVA DE AHORRO Y CREDITO PREVISION AHORRO Y DESAROLLO LTDA; COOPERATIVA DE AHORRO Y CREDITO MUJERES UNIDAS TANTANAKUSHKA WARMIKUNAPAC; COOPERATIVA DE AHORRO Y CREDITO NUEVA HUANCAVILCA; COOPERATIVA DE AHORRO Y CREDITO LUCHA CAMPESINA; COOPERATIVA DE AHORRO Y CREDITO PEDRO MONCAYO LTDA; COOPERATIVA DE AHORRO Y CREDITO CORPORACION CENTRO LTDA; COOPERATIVA DE AHORRO Y CREDITO SANTA ISABEL LTDA; COOPERATIVA DE AHORRO Y CREDITO EDUCADORES TULCAN LTDA; COOPERATIVA DE AHORRO Y CREDITO ALIANZA MINAS LTDA; COOPERATIVA DE AHORRO Y CRÉDITO SAN ANTONIO LTDA LOS RÍOS; COOPERATIVA DE AHORRO Y CREDITO LA BENEFICA LTDA; COOPERATIVA DE AHORRO Y CREDITO EDUCADORES DE TUNGURAHUA LTDA; COOPERATIVA DE AHORRO Y CREDITO SAN FRANCISCO DE ASIS LTDA; COOPERATIVA DE AHORRO Y CREDITO LUZ DEL VALLE; COOPERATIVA DE AHORRO Y CREDITO SAN ANTONIO LTDA - IMBABURA; COOPERATIVA DE AHORRO Y CREDITO SIERRA CENTRO LTDA
    COOPERATIVA DE AHORRO Y CREDITO PUELLARO LTDA
    COOPERATIVA DE AHORRO Y CRÉDITO PROVIDA LTDA
    COOPERATIVA DE AHORRO Y CREDITO MANANTIAL DE ORO LTDA
    COOPERATIVA DE AHORRO Y CREDITO MARCABELI LTDA
    COOPERATIVA DE AHORRO Y CREDITO SAN JUAN DE COTOGCHOA
    COOPERATIVA DE AHORRO Y CREDITO CREDIMAS
    COOPERATIVA DE AHORRO Y CREDITO LAS NAVES LTDA
    COOPERATIVA DE AHORRO Y CREDITO ACCION TUNGURAHUA LTDA
    COOPERATIVA DE AHORRO Y CREDITO SAN JORGE LTDA
    COOPERATIVA DE AHORRO Y CREDITO IMBABURA IMBACOOP LTDA
    COOPERATIVA DE AHORRO Y CREDITO DE LA MICROEMPRESA FORTUNA
    COOPERATIVA DE AHORRO Y CREDITO FUTURO LAMANENSE
    COOPERATIVA DE AHORRO Y CREDITO INTERANDINA
    COOPERATIVA DE AHORRO Y CREDITO FONDO PARA EL DESARROLLO Y LA VIDA
    COOPERATIVA DE AHORRO Y CREDITO EMPRENDEDORES COOPEMPRENDER LIMITADA
    COOPERATIVA DE AHORRO Y CREDITO MICROEMPRESARIAL SUCRE
    COOPERATIVA DE AHORRO Y CREDITO 16 DE JULIO LTDA
    COOPERATIVA DE AHORRO Y CREDITO ANDINA LTDA
    COOPERATIVA DE AHORRO Y CREDITO SAN GABRIEL LTDA
    COOPERATIVA DE AHORRO Y CREDITO JADAN
    COOPERATIVA DE AHORRO Y CREDITO CREDIAMIGO LTDA
    COOPERATIVA DE AHORRO Y CREDITO CREDIL LTDA
    COOPERATIVA DE AHORRO Y CREDITO SAN PEDRO LTDA
    COOPERATIVA DE AHORRO Y CREDITO UNIBLOCK Y SERVICIOS LTDA
    COOPERATIVA DE AHORRO Y CREDITO FINANCREDIT LTDA
    COOPERATIVA DE AHORRO Y CREDITO UNIDAD Y PROGRESO
    COOPERATIVA DE AHORRO Y CREDITO UNIOTAVALO LTDA
    COOPERATIVA DE AHORRO Y CREDITO KISAPINCHA LTDA
    COOPERATIVA DE AHORRO Y CREDITO LA DOLOROSA LTDA
    COOPERATIVA DE AHORRO Y CREDITO COORAMBATO LTDA
    COOPERATIVA DE AHORRO Y CREDITO SOL DE LOS ANDES LTDA CHIMBORAZO
    COOPERATIVA DE AHORRO Y CREDITO SANTA ANITA LTDA
    COOPERATIVA DE AHORRO Y CREDITO SAN MARTIN DE TISALEO LTDA
    COOPERATIVA DE AHORRO Y CREDITO RHUMY WARA
    COOPERATIVA DE AHORRO Y CREDITO GONZANAMA
    COOPERATIVA DE AHORRO Y CREDITO PICHINCHA LTDA
    COOPERATIVA DE AHORRO Y CREDITO CRECER WIÑARI LTDA
    COOPERATIVA DE AHORRO Y CREDITO CAMPESINA COOPAC
    COOPERATIVA DE AHORRO Y CREDITO COOPARTAMOS LTDA - REDFINPSEQ
    COOPERATIVA DE AHORRO Y CREDITO SURANGAY LTDA
    COOPERATIVA DE AHORRO Y CREDITO ALLI TARPUK LTDA
    COOPERATIVA DE AHORRO Y CREDITO METROPOLIS LTDA
    Universidad de Cuenca
    Universidad Técnica Particular de Loja
    Universidad de las Fuerzas Armadas Espe
    Universidad Particular SEK
    UNIVERSIDAD REGIONAL AUTÓNOMA DE LOS ANDES
    INSTITUTO SUPERIOR TECNOLÓGICO QUITO
    UNIVERSIDAD LAICA ELOY ALFARO DE MANABÍ
    UNIVERSIDAD CENTRAL DEL ECUADOR
    ESCUELA SUPERIOR POLITÉCNICA DE CHIMBORAZO

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 125

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 409 090

NUMBER OF ADULTS REACHED DIRECTLY:

  • 456

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 2 045 450

In Ecuador, the Superintendence of Popular and Solidarity Economy coordinated the GMW2023 with support of strategic actors such as the Ministry of Education and the German organisation Sparkassenstiftung. 124 institutions and organisations actively participated in the GMW. Many educational and recreational activities were carried out in schools, universities, foundations, social groups and migrants in the 24 provinces of the country. These activities had as objective teaching children and young people the basic concepts of personal finances, the importance of saving, investment, credit, as well as making responsible financial decisions. Various activities were implemented, such as practical workshops, trainings, talks, interactive games, educational activities on social networks and contests with prizes in person and online. The participation was encouraged as an opportunity for children and young people to learn about finances in a fun and interactive way, getting parents involved. Each participating entity published photos, videos and information related to the GMW campaign, which this year carried under the theme "Plan your money, plant your future".

 

2022 Ecuador Global Money Week

GMW NATIONAL COORDINATOR:

  • Superintendency of Popular and Solidarity Economy (Superintendencia de Economía Popular y Solidaria)

PARTICIPATING ORGANISATIONS:

  • Banco Guayaquil, Children International, DP World, Fundación CRISFE, Ministry of Education, Sparkassenstiftung Alemana, 74 savings and credit cooperatives, 1 savings and credit mutualist, 2 integration agencies, 7 external entities, and more

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 91

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 81,635

NUMBER OF ADULTS REACHED DIRECTLY:

  • 951

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 558,698

Global Money Week 2022 in Ecuador was nationally coordinated by the Superintendency of Popular and Solidarity Economy with the support and strategic cooperation of 74 savings and credit cooperatives, 1 savings and credit mutualist, 2 integration agencies and 7 external entities. The Ministry of Education collaborated with national GMW organisers to help reach more schools in rural and urban areas. Many educational activities were organised for children and young people in 24 provinces of Ecuador allowing them to discover basic financial concepts through trainings, workshops, contests, interviews, conferences, interactive games and other activities. The youth learnt about the importance of managing money wisely, differences between needs and desires, setting savings goals, responsible credit or indebtedness, investment as well as planning personal and family finances to make informed and responsible decisions.

Each participating entity published photos, videos and information related to the GMW campaign, which this year carried the slogan "Build your future, be smart about money." The news of all these activities were linked to each other through social networks and the GMW website.

Banco Guayaquil organised virtual workshops for children of their employees. These workshops were held in Guayaquil, Cuenca and Quito. The “Aventura Financiera” programme was use to talk to children about financial matters. Through these lessons, the children learnt about the importance of saving and how to solve financial emergencies. In addition, Children International Foundation, held a workshop on savings and products and services offered by a financial institution. Banco Guayaquil also planned a virtual workshop for the children of DPWORLD employees with the same theme but with a focus on solving mathematical challenges.

Supported by Banco Pichincha the CRISFE Foundation held four conferences with national experts during GMW2022. The conferences focused on (1) “Present and future financial health” in which an intervention model was presented to achieve financial health for women (2) “Savings, the strategic ally in the family economy” where it was highlighted that savings should not be considered as a waste of income, but rather as the most important expense of a person or family (3) “Good use of credit cards” reinforcing good practices of use, among them it was suggested to allocate budget in the line of expenses to the credit card, not accept all credit cards since it is easier to manage if the number is reduced (4) Ecuador's economic situation and household economy in this space reflected “The family economy is tight because the country's economy is not growing, we must be creative, seek alternatives, businesses, approaches and different audiences. Have responsible management, not go into debt for consumer things like buying a late-model television, but go into debt for a business in which I have an advantage and I know it will do well.”

2021 Ecuador Global Money Week

GMW NATIONAL COORDINATOR:

  • Superintendency of Popular and Solidarity Economy (Superintendencia de Economía Popular y Solidaria)

PARTICIPATING ORGANISATIONS:

  • Sparkassenstiftung para la Cooperación Internacional, 63 savings and credit cooperatives, Banco de Guayaquil, Asesoría Empresarial Latinoamericana WOCCULATAM S.A., World Council of Credit Unions INC. (WOCCU), Fundación para Promover las Finanzas Inclusivas y la Gobernanza – FIG, Finanzas Inclusivas y Gobernanza – FIG, Superintendencia de Economía Popular y Solidaria, Cooperativa Atuntaqui, Cooperativa COOPAD, Cooperativa Maquita, Cooperativa Cotogchoa, Cooperativa Pedro Moncayo, Cooperativa 23 de Julio, Cooperativa SAC, Cooperativa Chibuleo, Cooperativa Luz del Valle, Cooperativa Nueva Huancavilca, Cooperativa 9 de Octubre, Cooperativa Once de Junio, CRISFE Foundation

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 83

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 24,517

NUMBER OF ADULTS REACHED DIRECTLY:

  • 390

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 613,841

The Superintendence of Popular and Solidarity Economy took the lead in organising GMW2021 in Ecuador. This year’s events and activities were held with the support and strategic cooperation of 63 savings and credit cooperatives, one private bank and five private entities. Many educational activities were organised, aimed at children and young people in 24 provinces of Ecuador during the whole period of the GMW Campaign. Events were a great opportunity to discover basic financial concepts through trainings, workshops, contests, interviews, conferences, interactive games, and more. The emphasis was on the importance of the good use of money, differences between needs and wants, setting savings goals, responsible credit or indebtedness, investment, planning personal and family finances to make informed and responsible decisions.

Specific digital materials and tools were made available as 95% of the children and young people participated in the GMW2021 virtually. The remaining 5% carried out their recreational activities in person, because their location and target group were in rural areas, where access to the internet is limited.

Each participating entity published photos, videos and information related to the Global Money Week Campaign, which this year was held under the theme of "Take care of yourself, take care of your money." News of all these activities were linked through social networks and the GMW website.

For this year’s Global Money Week, Finanzas Inclusivas y Gobernanza (FIG) developed a course for young people called "reach your dream" that included five animated micro learning videos that guided them though a game, with the scenario of climbing a mountain to achieve their dream, completing stages with learning objectives. It started from knowing where the money comes from, the difference between spending and desire, planning the savings goal to achieve the dream, and deciding to open a savings account. This course was implemented in a virtual learning platform, with personalised classrooms for 15 savings and credit cooperatives nationwide, reaching more than 1,500 young people. The course continues throughout the year. In addition, the CRISFE Foundation organised a virtual conference called “Money is enough!” during which participants could test their financial knowledge and behaviour.

2019 Ecuador Global Money Week

LEADING ORGANISATIONS:

  • AVAL
  • Banco Central del Ecuador
  • Banco de Guayaquil
  • Cooperativa de Ahorro y Crédito Vicentina "Manuel Esteban Godoy Ortega" Ltda., CoopMego
  • Fundación Crisfe, Banco Pichincha

PARTICIPATING ORGANISATIONS:

  • Centro del Muchacho Trabajador, Cuenca Universidad Del Azuay (Economics Faculty), Escuela Augusto N Martínez, Escuela Gran Ducado de Luxemburgo, Hidroeléctrica Ecuages, Ministry of Education, Mundo Juvenil, Ruta Colegial, The Central Bank’s Money Museum, Unidad Educativa "Río Negro", Unidad Educativa Cambridge, Unidad Educativa “Héroes del Cenepa”, Unidad Educativa “Palomino Flores”, Unidad Educativa “Puerta del Dorado”, Unidad Educativa “San Juan Bautista” de la parroquia San José del Cantón Catamayo, Universidad de Cuenca (Tourism Faculty), Universidad Técnica Particular de Loja

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 1 819

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 23 162

Banco Central del Ecuador
During Global Money Week 2019, the Central Bank of Ecuador, with participating organisations, arranged for over 500 children and youth to visit the Numismatic Museum. Additionally, financial education seminars were held for not only children and youth, but also adults. These seminars featured workshops on improving one’s academic future and the wellbeing of your family. Participants were also taught how to identify fake bank notes. Furthermore, university students were given the opportunity to participate in financial education workshops.

Fundación Crisfe
For the GMW celebration, the CRISFE Foundation, in collaboration with the Banco Pichincha, organised a theater play called “The Saved Savings” in 5 different educational institutions. The characters portrayed in the play taught the audience about the importance of savings as a way to accomplish future goals, informing them that you need to be careful with your money and avoid wasting it. The characters gave the boys and girls different strategies, which would allow them to become responsible consumers.

Cooperativa de Ahorro y Crédito Vicentina "Manuel Esteban Godoy Ortega" Ltda., CoopMego
GMW2019 served as an opportunity for CoopMego to launch their Financial Education Programme and Cooperative for the Credit and Savings Cooperative “Manuel Esteban Godoy Ortega” ltd, which will be conducted throughout the year to spread to the rest of the country. During the Week, CoopMego trained young people, where the GMW slogan “Learn.Save.Earn” was promoted, and financial tools and strategies were shared with the young people to help them accomplish their goals. Additionally, a 20 m2 mural was painted, with ideas on cooperative finance, diversity and inclusion. The mural was painted by students, parents, teachers from the Educational Institute, members of the parish, well-known muralists from “Hueso de Buda” (Buddha’s Bone), and volunteers from CoopMego.

Banco de Guayaquil
Banco Guayaquil conducted five “Learn.Save.Earn.” themed activities during Global Money Week 2019. First, financial education workshops were held in different cities throughout the country. Ruta Colegial participated by teaching young people about money management, highlighting the importance of developing financial literacy and inclusion for current and future generations. The Week ended with a Financial Education Day, held in the Cambridge Educational Institution.

AVAL
Aval, together with its partner Mundo Juvinel, organised workshops for two schools in Quito. During the workshop, the children learnt about the importance of saving and budgeting. They received material to draw their financial goals and to start managing a basic budget. Additionally, Aval organised a webinar for parents, where they talked about the importance of financial education for children’s lives, both now and in the future.

2018 Ecuador Global Money Week

LEADING ORGANISATIONS:

  • AVAL
  • CRISFE Foundation
  • Central Bank of Ecuador
  • Children International
  • Guayaquil Bank
  • Superintendence of Companies, Securities and Insurance (Superintendencia de Compañías, Valores y Seguros)

PARTICIPATING ORGANISATIONS:

  • Banco de Guayaquil, Bolsa de Valores de Guayaquil, Central Bank Numismatic Museum, Children International, Club for Independent Specialized High Performance del Valle, Ecuadorian Committee for Financial Education, ECUAGESA, Fernández Madrid Municipal School, Foundation for Innovation in Education (FIE), Guayaquil Stock Exchange, Junior Achievement Ecuador, La Providencia School, Mundo Juvenil, Nacional de Chimborazo UNACH University, Quito Stock Exchange, San Pedro Pascual School, Super Intendencia de Bancos, Super Intendencia de Comunicación, Superintendence of Companies, Securities and Insurance, The Work of Jesus, Mary and Joseph Foundation, Unidad Educativa "Miguel Ángel León Pontón", 1 University, 2 Schools, 6 Schools

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 3 396

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 427 852

Central Bank of Ecuador
The activities organised by the Central Bank of Ecuador during GMW2018 focused on the development and strengthening of knowledge of the importance of money in children and youths. The history of currencies and financial education were the two focuses during the visit to the Numismatic Museum of the Central Bank.

Superintendence of Companies, Securities and Insurance (Superintendencia de Compañías, Valores y Seguros)
The Superintendence of Companies, Securities and Insurance, with its partners, held several events during GMW2018, to promote financial education. The celebrations started with students visiting the Quito Stock Exchange, where a conference was held on savings, investment and finance. The students participated in a stock market simulation called “Game of the Bag". The game gave the young people insight into how to buy and sell securities in the capital market. A workshop on operation and financing alternatives was held in the Metropolitan District of Quito. Students of the Espiritu Santo University and young representatives of Children International visited the Guayaquil Stock Exchange. At the Stock Exchange, the students received an explanation on investments, personal finances and savings, as well as the operation of securities houses, stock exchanges and other activities in the stock market.

Guayaquil Bank
For Global Money Week 2018, Banco Guayaquil organised six events related to financial education and “Money Matters Matter”. A three-day workshop was held for the children. Additionally, a workshop on financial education and multiple activities by the Children International Foundation were organised. One day was dedicated to financial education and the stock market culture in association with the Guayaquil Stock Market. The banking institution consulted with Junior Achievement Ecuador to ensure the successful development of its Financial Education programme for children and youths. Saving habits and entrepreneurship was developed via games and activities.

CRISFE Foundation
During GMW2018, the Crisfe Foundation along with its partners, engaged children and youth in activities surrounding social and financial education. These included a theatre play named “Los Ahorros Ahorrados” (“The Saved Savings”), a fun activity with music, puppets, and actors, who had trained to relay important messages about savings, money management, planning and support for entrepreneurship, topics that the children experience every day through the Aflatoun Programme. When the theatre play ended, the children had the opportunity to interact with the actors. The theme “Money Matters Matter” was explored throughout the week in the classroom, where a variety of experiences were shared that motivated the Foundation to cover more financial education related themes.

Children International
The Children International Agency in Guayaquil, along with its partners, organised multiple events, including museum visits, Skype calls, talks, conferences, open houses, and finance themed drawing competitions. Classes on raising awareness for financial literacy were held for children, youth, and adults. This included sessions explaining how the bank and its transactions work, how to save money, and where the safest place to do so is. High-level discussions were held between students for the university, young entrepreneurs from Aflateen and representatives from the local bank. Throughout the Week, the young people were able to participate in themed activities to learn about saving and spending. Additionally, the children and youth had the opportunity to go the financial institutions and museums. To close the Global Money Week celebrations, financial festivals were organised.

AVAL
AVAL, the Ecuadorian organisation focused on financial education, organised multiple events during GMW2018. The first activity was organised in partnership with Mundo Juvenil. During the event, children were taught about the importance of saving. The second event was a webinar, “Empowering your children to make intelligent financial decision”. This activity was aimed at adults and parents. Furthermore, AVAL was active on social media, posting articles, tools and messages to promote financial education.

2017 Ecuador Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 6 900

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 3 250

As part of the GMW 2017 agenda, the Superintendencia de Compañías, Valores y Seguros scheduled training and awareness activities on financial education. There were talks, workshops and a stock market simulation in Quito and Guayaquil for students between 15 and 18 years of age.

Representatives of the Guayaquil and Quito Stock Exchange, Children International, and the Financial Education Committee of the Association of Private Banks of Ecuador, participated as lecturers during the conferences dedicated to the development of the educational activities.

AVAL, an Ecuadorian company focused on financial education, also carried out several activities for children and young people during GMW 2017. AVAL held financial education talks with partner institutions working in schools and conducted a webinar for parents focusing on tips to encourage their children to save and manage their money. In addition, AVAL designed downloadable tools for children and developed an application for young people that allowed them to identify their goals.

Throughout the Week, Children International and its partners planned to reached children between the ages of 6 and 17 through visiting banks, dialogues, workshops, financial games and other recreational activities that will strengthen financial literacy, saving and spending. Financial Education awareness sessions were offered to children, youth and adults, this included sessions to learn about the Ecuador’s financial system, the history of Ecuador’s currency, entrepreneurial stories, exchange of experiences with other entities that manage financial youth clubs, visits to financial institutions and festivals based on the key elements of a savings education.

High level discussions, seminars and other educational sessions were organised jointly with the Superintendence of Banks, where Children International presented the Aflatoun programme including its scope, methodology and impact. In addition, the young entrepreneurs in this programme talked about their entrepreneurship experiences and how they have benefited their community.

Throughout the Week, young people participated in a selfie contest and the creation of piggy banks. In addition, they took part in a drawing contest about financial rights and visited community ventures that were created by young participants of Aflatoun.

The Fundación CRISFE organised a Bootcamp in order to strengthen the financial know-how of young people. Thanks to workshops, participants developed skills on how to become exchange agents, and learnt about interest and economic rights and responsibilities, how to be responsible consumers and how to develop a culture of savings, build investment goals and fulfill them in the future.

The e-learning course on savings and financial goals sought to raise awareness amongst participants about the role of savings, the importance of establishing financial goals and the organisation of personal and/or family finances through the implementation of a savings plan.

During the closing ceremony, the short film “Crecer es Cuestión de Familia” was presented. After the projection, a film discussion was held to reflect on basic financial tools that create high development in relation to the management of personal finances. The film is available here: http://www.consejosfinancieros.org.ec/videopage/crecer-es-cuestion-de-familia-8/

Moreover, Banco Guayaquil took part in GMW 2017 by training more than 100 children to promote financial education and financial inclusion. Amongst the activities, didactic workshops were carried out to stimulate the understanding of financial habits that will enable children to manage expenses from an early age. There was also a tour of the Money Museum to enrich the knowledge of the economic and social history of the country.

2016 Ecuador Global Money Week

LEADING ORGANISATIONS:

  • Superintendence of Companies

PARTICIPATING ORGANISATIONS:

  • BOLSA DE VALORES DE GUAYAQUIL
  • Children International
  • ASOCIACION DE BANCOS PRIVADOS
  • COMITÉ ECUATORIANO DE EDUCACION FINANCIERA

DATE OF THE EVENT:

  • 15th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 50

This year, the Superintendent of Companies, Securities and Insurance led the Global Money Week celebrations in Ecuador, focusing its celebrations in Guayaquil.

Children and youth participating in Global Money Week 2016 in Ecuador had a full day of fun and educational activities on 15 March hosted by the Guayaquil Stock Exchange. Amongst other activities such as stock market simulations, financial education games and workshops, 50 children and youth participated in the flagship “Ring the Bell” ceremony during the opening of the stock exchange in Guayaquil. Ecuador also participated very actively in this year’s social media challenges, in particular the Global Money Week Selfie Challenge.

The private sector in Ecuador also took part in the GMW celebrations with great enthusiasm. Grupo Aval launched several financial education campaigns during the Week, as well as a major social media outreach campaign. The Association of Private Banks of Ecuador joined the celebrations, hosted by the Superintendence of Companies, Securities and Insurance, in an effort to showcase the long lasting partnership of the organisations in pursuit of a common financial education and inclusion objective in the country.

2015 Ecuador Global Money Week

PARTICIPANTS:

  • Superintendence of Companies, Securities and Insurance,Superintendence of Banks, Bolsa de Valores de Guayaquil, National Committee on Financial Education, Grupo Aval, Mutualista Pichincha, Produbanco, Citibank, Banco Solidario, Banco Finca, Banco Capital, Banco General Rumiñahui, Fundación CRISFE

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 310

The Superintendent of Companies, Securities and Insurance led the GMW 2015 celebrations. A great range of activities across the country were conducted to make an impact in the lives of children and youth.

The main celebrations took place in Guayaquil and were hosted by the Superintendent. Activities included stock market simulations, and group discussion between children, youth, prominent businessman and entrepreneurs. 50 children and youth participated in the “Ring the Bell” during the opening of the stock exchange in Guayaquil.

The private sector in Ecuador also took part in the GMW celebrations with great enthusiasm. With the support of the Superintendent of Banks activities such as financial education safari, simulation of a bank for children, and financial education theater were organised. Handouts of different financial education materials were also distributed at schools.

Global Money Week 2015 en Ecuador

Este año las celebraciones de Global Money Week en Ecuador incluyen toda clase de actividades en todo el país. La celebración principal se llevará a cabo en Guayaquil bajo el auspicio de la Superintendencia de Compañías, Valores y Seguros. Las actividades incluyen un simulacro bursátil y charlas de niños, niñas y jóvenes con empresarios y emprendedores nacionales. Adicionalmente, este año Ecuador se une a la iniciativa “Ring the Bell around the World” en la cual 50 niños y niñas tendrán la oportunidad de abrir la Bolsa de Valores de Guayaquil.

Otras muchas actividades están siendo planeadas por el sector financiero con el apoyo de la Superintendencia de Bancos. Actualizaremos esta información muy pronto.

2014 Ecuador Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 11th – 14th of March

NUMBER OF CHILDREN REACHED:

  • 300

This Global Money Week was the first that the Central Bank of Ecuador, the Superintendencia de Bancos and the Association of Banks joined in on the celebrations. Their activities were a great example of how multiple, smaller efforts contribute to reaching a single bigger goal.

The Central Bank of Ecuador collaborated with the Superintendencia de Bancos to invite children and youth to visit the Central Bank Museum in the frame of their financial education programme, which has been being implemented for the last 2 years. Superintendencia de Bancos supported the tour by providing financial education didactic material to inform children and youth about the work that the Superintendencia has undertaken on the topic of financial education, while the Central Bank educated the youngsters so that they could better understand how a central bank works and what their role is in a country’s economy.

Fundación Crisfe held a financial and entrepreneurship gymkhana. The goal of the activity was to develop money management and entrepreneurial skills. The methodology was based on an experiential model that promotes the strengthening of entrepreneurial skills and financial decision making through different learning levels. The gymkhana encouraged the youth to make their own business decisions by proposing scenarios that allow them to invest, save, win, lose or donate money. Each activity was designed in sequential order for participants to strengthen their ability to make responsible financial decisions and to develop entrepreneurial skills. Once students accomplished the 5 activities the money that they earned at the different learning levels accumulated was turned into points – and the participant who had the most points won!

In Guayaquil, the Children International field office hosted a panel discussion at the Ecuadorian American Chamber of Commerce about the importance of social and financial education programs. Participants on the panel included representatives from Banco de Guayaquil, Banco de Pacífico and the Superintendence of Companies. The majority of the members of the audience were youth who interacted with the panel participants and asked questions.

In Quito, Aflatoun participants visited a branch of Banco del Pacífico to learn about savings and checking accounts, budgeting and the importance of saving with a financial institution. The activities were child-friendly and interactive. Another group of children visited Mini City, a learning center, where the children were given money to make purchases in the miniature city and where they could do small jobs to earn more money. This taught children the utility of money and a job and how best to manage their money in a responsible manner.

Learn more:

www.crisfe.org

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