Women in Indonesia receive financial literacy training
According to UNESCO, “Literacy is the ability to identify, understand, interpret, create, communicate and compute, using printed and written materials associated with varying contexts.” Literacy is linked with socio-economic progress and is no longer only about the basic technical skills of reading and writing. Take, for example, women in the fishing village of Tanjung Benoa, Indonesia, who recently participated in financial literacy training to improve their skills as the finance manager in their families. The training included simple but crucial tips on financial literacy in an attempt to combat the economic and social challenges the residents face daily, including a lack of understanding on money management and limited access to information. Standard Chartered Bank and the Women’s Empowerment and Child Protection Ministry organized the training. The bank has conducted training programs and financial discussions for more than 500 female microentrepreneurs throughout ...