Bai-Tushum Bank holds financial literacy lessons in Bishkek schools

Under Global Money Week campaign, which started in Kyrgyzstan on March 10, and with a view to improve financial education among youth, Bai-Tushum Bank staff meets school children every day to train them on financial literacy basics.

Interactive studies are held in five of city schools: No.3, No.8, No.10, No.56, No.61.

Bank’s employees tell children about the types and purposes of bank products, on the importance of setting financial goals, on how to make personal budget, emphasizing that appropriate finance management plays an important role in the well-being of each person and in the achievement of his/her financial objectives. In the end of sessions, each child receives Money Fundamentals book, published by the National Bank of the Kyrgyz Republic with the financial support of Bai-Tushum Bank.

The relevance, simplicity and comprehensibility of information provided by Bank’s staff enable school children to easily learn new information and encourage their feedback.

It is necessary to point out that school children find saving methods extremely interesting, as the majority of senior schoolchildren work alongside their studies and have their own savings. They are also interested in responsible borrowing rules, how to use loans and avoid getting into debt pit, what are the advantages of payment cards, how to make and receive remittances.

Bai-Tushum Bank actively supports the projects that contain the aspects of economic education, development of entrepreneurial skills and approaches among youth. In order for a new generation to be financially literate, it is necessary to inculcate saving skills, personal budget management and business planning skills starting with school years. We are certain, that the work in this area will help young people to change their attitude to money, and will promote financial independence and safety, – points out Gulnara Shamshieva, the General Manager of Bai-Tushum Bank.

During this campaign, the Bank’s central offices across Kyrgyzstan hold open days involving school children and students.