2022 Nicaragua Global Money Week
PARTICIPATING ORGANISATIONS:
- Banco Ficohsa Nicaragua S.A., REDCAMIF, Banco Adopem, Micrédito, Pro mujer, Credicampo, Fundea, Suma Financiera
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 9
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 1,000
NUMBER OF ADULTS REACHED DIRECTLY:
- 2,000
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 347,259
During Global Money Week 2022, financial literacy awareness sessions were offered for children, youth and for adults, mostly through digital means. This included sessions and campaigns in social media. A special Facebook live event was organised at a regional level in countries where the Grupo Financiero FICOHSA has a presence.
During Global Money Week 2022 REDCAMIF focused on promoting digital financial education for inclusive finance. The COVID-19 pandemic has accelerated the shift towards digitalisation, including in the delivery of financial education. The shift to digital media represents an opportunity to reach more people, but at the same time, it can provide limited opportunities for direct interaction and increase the risk of leaving behind people with limited access to digital devices or low levels of digital literacy.
REDCAMIF organised the following activities during GMW2022: online games on financial education, contest or competition on financial topics, presentation and virtual talks, empower Human Talent on financial topics, visits to local businesses, savings contests.
SPTF and REDCAMIF made available to microfinance institutions (MFIs) that already have the EDUFIN Programme four free videos on digital financial education. Therefore, the clients of these institutions and their families were able to access the digital educational content. This information helped customers get introduced to and become familiar with these new technology trends.
2019 Nicaragua Global Money Week
LEADING ORGANISATIONS:
- Fabretto Children's Foundation
- Fundación FAMA -Fundación para el Apoyo a la Microempresa Nicaragua (Foundation for the Support of the Microentreprise in Nicaragua)
PARTICIPATING ORGANISATIONS:
- 4 Rural Communities, Benito Juárez, Hermano Pedro Betancourt, San Martín de Porres
NUMBER OF CHILDREN REACHED DIRECTLY:
- 640
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 450
Fundación FAMA -Fundación para el Apoyo a la Microempresa Nicaragua (Foundation for the Support of the Microentreprise in Nicaragua)
During Global Money Week 2019, Fundación para el Apoyo a la Microempresa organised two events in Nicaragua. In total, 14 workshops in 3 different educational institutions were organised. The workshops, titled “My Time, My Money and Me”, aimed to raise awareness on time-management and to inform children how they could use their time and skills to make money. Furthermore, drawing competitions for 6 different groups of students were organised. Participants worked together to design an illustration based on the GMW2019 theme “Learn.Save.Earn”. They were taught to manage their money cautiously, save for their future, and make money for themselves and their families.
Fabretto Children's Foundation
Fabretto Children’s Foundation, an organisation with a mission to empower underserved children and their families through education, hosted a Business Competition for Global Money Week 2019. The Competition was held to engage rural Nicaraguan youth and to encourage them to start their own entrepreneurial ventures. The Competition consisted out of a series of workshops and classroom sessions on topics related to entrepreneurship, financial literacy and leadership, as well as learning about business planning. Seven groups of students presented their ideas and defended their business plans in front of a jury, classmates, friends, and their families. Over 200 rural youth attended the Sistema de Aprendizaje Tutorial (SAT) programme. The SAT programme offers an alternative, rural secondary and technical education model, which provides youth with the knowledge and skills relevant to their context. Through interactive classes and practical workshops, young people gain valuable practical skills, as well as receiving training on entrepreneurship and leadership, in order for them to start their own business, implement sustainable farming techniques, and continue their education.
2018 Nicaragua Global Money Week
LEADING ORGANISATIONS:
- FAMA Foundation
- Fabretto Children's Foundation
PARTICIPATING ORGANISATIONS:
- Universidad Politécnica de Nicaragua (UPOLI)
- 3 schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 573
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 877
FAMA Foundation
FAMA Foundation organised a variety of activities for primary, secondary and university students in three educational centers and a university. Nine workshops were organised in the Colegio Hermano Pedro Betancourt and the Benito Juarez. The students made an origami wallet using a savings worksheet. There was also a competition of presentations and debates in the educational center San Martin de Porres. Additionally, the Foundation organised eight seminars and a video/animation competition at UPOLI. The theme discussed in all the activities was “Saving for Your Well-Being”. With access to financial inclusion and financial education, children and youth can learn how to save and spend money in a responsible manner.
Fabretto Children's Foundation
During Global Money Week, Fabretto's Education Center in Esteli promoted early financial education through the launch of the Aflatot programme in the school, which benefitted over 300 children in total. Six teachers participated in the initial training with Fabretto's Education Coordinator, who had received training in the Aflatot programme in Honduras, thanks to a partnership with Fundacion Ficohsa. The teachers had the opportunity to learn about the programme's methodology, curriculum and methods of evaluating children's skill development. The training and the programme will be replicated in Fabretto's preschools in Somoto, Ocotal and Granada throughout the 2018 school year, benefitting hundreds of preschool children.
2017 Nicaragua Global Money Week
PARTICIPATING ORGANISATIONS:
NUMBER OF CHILDREN REACHED DIRECTLY:
- 350
Participating in Global Money Week for the very first time, Banco Lafise, together with Fundacion Zamora Teran, conducted a series of lectures for both primary and secondary school students. For the younger students, the “ABCs of Money” were discussed, including topics such as “What is money?”, “What is and why do we save?” and “How to use a bank”. The goal of these sessions was for children from 4th – 6th grade to learn not only about these financial topics, but for the children to feel the experience of working in a bank. As such, an executive from the bank took part in a question and answers session.
Furthermore, for older students, a workshop took place entitled “Beginning without dying while trying. Keys to boost your internal and financial resources”. This session covered a series of themes including: Your numbers: guide for making decisions; Separation of business finance and personal finance; Financial errors when starting out; Internal resources to leverage your resilience; Executive management for greater effectiveness; How to deal with complex situations and challenges.”
2016 Nicaragua Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATIONS:
- Fundación para el Apoyo a la Microempresa
- Escuela Benito Juárez, Colegio Hermano Pedro Betancourt, Colegio San Martín de Porres
- Recinto Universitario Carlos Fonseca Amador (RUFA), Universidad Centroamericana (UCA)
DATE OF THE EVENT:
- 14th - 18th of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 878
For the first time, Fundación FAMA participated in Global Money Week by organising informative sessions on savings, responsible spending and consumerism in various schools and universities throughout Nicaragua. In the Centro Escolar San Martín de Porres, Colegio Hermano Pedro Betancourt, Universidad Centroamericana and Recinto Universitario Carlos Fonseca Amador, materials such as books, brochures and banners were handed out to students. In the universities, special attention was given to risk management as a main point of discussion during Global Money Week.
2015 Nicaragua Money Week
PARTICIPANT:
- Catholic Relief Services
DATE OF THE EVENT:
- 9th - 17th of March
NUMBER OF CHILDREN REACHED:
- 50
Catholic Relief Services (CRS) Latin America, in collaboration with different local partner organisations, planned daily activities in 3 countries: México, Guatemala and Nicaragua. In Nicaragua CRS in collaboration with local institutions organised different activities in primary and secondary schools. The trainings focused on informing youth about savings, loans and promoting Global Money Week’s principles. Local partners also leaded several trainings on financial education and savings behaviour. A drawing competition and mural creation with the theme of Global Money Week, save today safe tomorrow was among the activities preferred by the children present.
2014 Nicaragua Money Week
PARTICIPANTS:
DATE OF THE EVENT:
- 10th – 17th of March
NUMBER OF CHILDREN REACHED:
- 190
The Global Money Week celebrations and activities reached Nicaragua this year, with several organisations creating activities and events across the country. During 2014 Catholic Relief Services (CRS) and the Central Bank of Nicaragua joined efforts to make this global initiative a success.
The Catholic Relief Services held meetings in different localities in the San Juan de Rio Coco were they discussed the current status of financial education and the financial products available to children and youth in Nicaragua. The meetings involved representatives from various organisations concerned with the social and economic welfare and development of the young generation, as well as Nicaraguan children and youth themselves. A videoconference with youth from Puerto Rico and Colombia took place after the meeting and was enjoyed by the young representatives. Children and youth also had the opportunity to be hosted by the Central Bank of Nicaragua, in a wonderful experience that allowed them to learn about how money is printed and the story behind the evolution of the Nicaraguan currency.