Global Money Week

2017 Timor Leste Global Money Week

Leading Organizations:
MOVE – Associação de Microcrédito e Empreendedorismo

Participating Organizations:
Universidade Nacional de Timor Leste
Orfanato de Bidau da Ordem das Irmãs Dominicanas

East-Timor is a small country in southeast Asia, next to Indonesia, and the youngest country in Asia, being independent since 2002. The long independence struggle against Indonesia destroyed much of its economic infrastructure, making it one of the poorest countries in Asia.

During Global Money Week, the NGO MOVE will promote several activities with children, teenagers and young entrepreneurs, aiming to increase financial literacy awareness in the future leaders of the country.

In the beginning of the week, MOVE will promote a session on financial literacy with children of a local orphanage, to increase awareness of the importance of savings in a very practical and enthusiastic way.

MOVE will also promote the subject with the students of the local university, mainly the ones who participate in the “entrepreneurship club”. These students will have sessions on financial literacy and will be challenged to collaborate in the organization of big event with national speakers, to commemorate GMW.

Moreover, during the week, MOVE will be interviewing people on the streets in the local language – Tetum – to understand the levels of financial literacy of the population and produce promotion materials afterwards.

At the close of the week, a commemorative event will be hosted in the University of East Timor, where all the students and staff of the university, as well as main local partners, will be invited to attend. The event will include presentations from several speakers from local institutions and businesses, each of it sharing its experience and focusing on a different subject on financial literacy. In this way, we expect to engage students on these initiatives and make them spread the word afterwards. This event will also be a great opportunity to participate in the GMW global selfie challenge.

2016 East Timor Money Week

Leading Organizations:
ChildFund Timor-Leste

Participating Organizations:

Date of events:
14th - 18th of March

Total number of children & youth engaged: 260
Total indirect reach: 204

For the first time, Global Money Week was celebrated in East Timor (or Timor-Leste) this year. ChildFund Timor-Leste took the lead in coordinating child social and financial education sessions and a Youth Talk / Skype Call. ChildFund Timor-Leste coordinated this through Aflatoun clubs in 4 schools in two districts (Liquica and Covalima).

In line with the Aflatoun program, ChildFund Timor-Leste has delivered quality child social and financial education for young people and have established Aflatoun clubs. The Aflatoun clubs help maintain the motivation of students to build their financial capability and save through coin boxes – or some to even open their own bank account.

The students also participated through a skype call or Youth Talk with children from the Philippines where they were able to talk about their experiences learning about social and financial education, the importance of saving, and connecting with children from another country. The clubs from Liquica are from Vatunaua and Laclolema Elementary Schools have a total of 60 active children – nevertheless, these children that participate in the clubs also have followers and other children who they provide information and experiences. The children also brought with them their coin banks.

Impressively, 4 of the children who carried their coin banks have shifted to saving their money through a bank.

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