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The Cufa Children’s Financial Literacy (CFL) program provides the opportunity for children living in poverty to create a brighter future for themselves and their families.
Over the course of the Bank’s three-year $177,000 investment in the CFL program, children reached by the project have managed to save over $430,000, which is an incredible achievement for some of the most economically disadvantaged areas in Cambodia.
The program has a profound positive impact on the lives of children and communities in Cambodia. As described by Pheakdei, a 12-year-old girl from Svay Kuy village in Svay Rieng:
“I never thought of saving money when I wanted to buy any school materials – I just asked from my parents. I had attended Children Financial Literacy at my school. After I learned about savings and how money is earned, I started thinking of saving my pocket money. Now, I always save 300 or 500 riels after I come back from school. Sometimes, I can buy my school materials or even my school uniform with my savings. I want to be a Chinese translator, so I have opened an account at the community savings bank, and I hope this money will help me achieve my goal.”
“Teachers Mutual Bank’s support has given rural children in Cambodia the opportunity to learn vital basic financial literacy skills. This early education benefits not only these young students but also their families and local community. The children’s valuable knowledge can be immediately used so they can start to create their own sustainable and financially independent future.”
–Dr. Peter Mason, CEO, Cufa
Read more about the Cufa Children's Financial Literacy program.