The LienVietPost Bank is in charge of implementing financial literacy program delivered in three areas: Ho Chi Minh, Hanoi and Hai Phong.
The LienVietPost Bank is in charge of implementing financial literacy program delivered in three areas: Ho Chi Minh, Hanoi and Hai Phong.
The project has two main targets:
- Female end-users through the provision of a specialised tool for making payments, financial management, and financial literacy for unbanked women
- Female agents through generation of additional income and security gained through financial knowledge and sales skills.
The program is intended to enable women to develop a greater understanding of financial management principles and as such feel empowered in the family and commercial lives.
Results
The W+ Standard was used to measure women’s benefits in the following domains:
562% increase in Knowledge and Education
Women cited relatively high levels of confidence in their reasoning ability with the knowledge attained through the training, particularly principles and methods of financial management and planning such as tracking records, setting up savings targets, and controlling spending and managing cash flows. They also stated fair to high levels of confidence in their ability to communicate the principles and practices of financial management to others, such as their family members and business associates.