Financial Literacy and Numeracy are key pillars for financial inclusion and critical for the sustainable development of societies. Eliminating poverty and achieving gender equality is simply not possible when two thirds of adults worldwide remain financially illiterate and women continue to trail men in financial decision making.
ASA Foundation education development programs promote strong financial literacy and numeracy skills combined with gender equality that lay the foundation for students and adults to succeed in life. Our sustainable projects provide important opportunities to ensure they become proficient in basic financial literacy and numeracy skills that subsequently improve future employability.
Supported by the Caterpillar Foundation, DBS Bank and Permata Bank, we have been transforming financial literacy and numeracy education through Training of Trainer (ToT) and Youth Development (YD) participatory learning workshops, digital learning platforms and inclusive Edu-Sports training activities for vulnerable male and female students together with adult teacher beneficiaries in schools across Java, Indonesia.
Our Permata Bank supported FITS project, which has been running since 2011, uses the power of sports to educate vulnerable male and female youth in schools and communities across Jakarta, Bandung and Subang in Indonesia. The sustainable program, that focuses on important Financial Literacy, Numeracy, Life Skills and Health educational information, has reached out and empowered over 30,000 male and female junior high (middle) school students.
To combat the COVID-19 pandemic with schools closed and communities in lockdown, we have developed virtual training solutions such as digital financial literacy empowerment books which students are using with their families. We then conduct virtual M&E together with mentoring through digital surveys, tests and video-based interviews with students and their parents.