BSP facilitating the Financial Literacy training to Tutuwe Ara members at Matkomnai Community Learning Center

Eighty participants from four trust regions of the Community Mine Continuation Agreement (CMCA) completed training in banking education and provided with BSP Finance Literacy Training
certificates recognised by the Bank of Papua New Guinea.

The 76 women who attended were chair ladies and representatives from Nupmo, Tutuwe, Nima Ara, and Middle Fly Women & Children’s Associations. Four interested men also attended.
Mrs Catherine Wanmut on training at Bige said she had learnt a lot and appreciated the knowledge in savings and budgeting gained from the BSP team. She said: “I have always wanted to attend a training and when given this opportunity, I took it. We mothers struggle to save, we sell garden produce and items of choice each day, but we do not save the income generated because of our obligations. Now that I have gained this knowledge, I can save and budget to get a loan, which I will use to increase my business.”

Banking knowledge vital to savings

BSP Kiunga Branch Manager Reuben Attai (middle) and Mr. Philip course trainer, both congratulate Mrs. Morea Sika from Menumsore 

BSP Kiunga Branch Manager Reuben Attai told the participants that knowing how to save and spend money was a routine that required personal control over money.
He told the participants that the training should equip them with a better understanding of why banking services exist and how to use the knowledge to their gain, now and into the future.
He said his dedicated teams carry out banking education or financial literacy training in the communities before assisting customers open accounts at BSP Kiunga. According to Business

Development Officer Ms Dau Tapie, over 218 participants have benefited from banking education in the province since its inception in 2019 in partnership with BSP.
The program is an initiative of the OTDF in partnership with BSP Kiunga branch staff who facilitate the training focused on saving, budgeting, and business development skills.

OTDF Media