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. The 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, ASA Foundation has 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.
The overall goals of implementing the ASA Foundation Financial Literacy & Numeracy education development projects are as follows:
- Increase equitable access and retention of children, especially females, in educational institutions.
- Improve the frequency and quality of financial literacy and numeracy education lessons in schools that will have a positive impact on children’s learning outcomes.
- Improve the capacity of male and female school teachers, principals and school supervisors to deliver financial literacy and numeracy education programs for children, especially females.
- Increase understanding and commitment supporting school education.
- Engage both boys and girls in organized financial literacy and numeracy education activities, by providing a safe, open and inclusive environment in which to learn.
The Permata Bank supported FITS project, that has been running since 2011, uses the power of sports to educate vulnerable male and female youth in schools and communities across Jakarta together with Bandung and Subang in West Java, Indonesia. The sustainable program, that focuses on important Financial Literacy, Numeracy, Life Skills and Health educational information through participatory learning workshops combined with Edu-Sports training activities, has reached out and empowered over 20,000 male and female students.