ABA​ launches​ financial​ literacy​ program​ for​ students

05/07/2019

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ABA​ Bank​ joined​ hands​ with​ National​ Bank​ of​ Canada,​ and​ United​ Nations​ Association​ in​ Canada​ (UNAC)​ to​ launch​ the​ Financial​ Literacy​ Internship​ Program​ for​ students​ in​ Cambodia.​ The​ Program​ consists​ of​ the​ series​ of​ workshops​ where​ professional​ interns​ from​ Canada​ together​ with​ the​ ABA​ Bank​ staff​ discuss​ with​ students​ on​ crucial​ points​ in​ establishing​ and​ running​ own​ business.

The​ first​ workshop​ of​ the​ Program​ took​ place​ in​ Phnom​ Penh’s​ Paragon​ International​ University​ on​ July​ 4.​ The​ first​ twenty​ students,​ who​ showed​ their​ interest​ in​ starting​ own​ business​ after​ graduating​ from​ the​ university,​ participated​ in​ the​ event​ and​ received​ entrepreneurial​ knowledge​ along​ with​ basics​ of​ financial​ literacy​ for​ their​ future​ endeavours.

Erin​ McGee,​ specializing​ in​ accounting​ in​ Canada,​ became​ the​ first​ Professional​ Intern​ of​ the​ Program​ and​ the​ facilitator​ of​ the​ workshop.​ “It​ is​ very​ important​ for​ individuals,​ especially​ youth,​ who​ are​ coming​ up​ as​ the​ country’s​ next​ generation,​ be​ able​ to​ understand​ their​ financial​ situation.​ Particularly​ for​ this​ group​ of​ students​ who​ are​ interested​ in​ starting​ a​ business,​ understanding​ finances​ and​ being​ able​ to​ properly​ plan​ for​ the​ future​ raise​ the​ chances​ of​ success​ in​ their​ journey,”​ she​ commented.

The​ participants​ of​ the​ workshop​ are​ currently​ studying​ banking​ and​ finance​ majors​ at​ Paragon​ University.​ In​ respond​ to​ their​ passion,​ Vichet​ Chhun,​ Head​ of​ Retail​ Banking​ at​ ABA​ became​ a​ speaker​ during​ the​ event,​ where​ he​ shared​ his​ tips​ on​ how​ to​ prepare​ themselves​ to​ be​ a​ business​ owner.​ He​ also​ explained​ on​ the​ bank​ products​ and​ services​ that​ can​ ease​ financial​ life​ of​ an​ entrepreneur​ and​ open​ more​ opportunities​ while​ managing​ own​ business.

ABA​ and​ other​ partnering​ entities​ will​ continue​ the​ implementation​ of​ the​ Program​ in​ 2019​ with​ possible​ expansion​ to​ include​ women​ entrepreneurs​ and​ other​ microbusiness​ owners.

ABA​ Bank​ has​ been​ continuously​ investing​ in​ the​ increase​ of​ the​ financial​ literacy​ in​ Cambodia.​ In​ particular,​ the​ Bank​ is​ running​ the​ live​ radio​ show​ together​ with​ Women’s​ Radio​ called​ “More​ Than​ Money”,​ where​ various​ experts​ and​ representatives​ of​ ABA​ discuss​ on​ the​ importance​ of​ business​ planning,​ necessity​ of​ usage​ of​ banking​ services​ for​ running​ business,​ and​ advantages​ of​ modern​ digital​ finance​ platforms​ to​ streamline​ processes​ and​ boost​ sales.