KAMPALA- In Uganda financial literacy among the adults is a night mare for most. This is because the saving culture that is supposed to be inculcated at child hood level is not considered as a priority while raising up children.
Over the weekend, I – Profile Foundation a Non- Profit Organisation with a knack of financial literacy, and leadership for children commemorated the world saving day that is held on October 31, of every year.
This was also the soft launch of the ” box it challenge” where children participated in the making of saving boxes a tool that irks their creativity , innovation and building their love for financial literacy at tender ages usually from ( 6 – 14 years).
According to Aisha Ali, the team leader of I – Profile Foundation said that they had to do a soft launch of “Box It Challenge”and been able to realise that the kids are amazing in regards to saving saving boxes they made.
” When we called in for applications, we were amazed by the creativity they show cased and some of them went ahead to even start saving, this is the reason we chose to award them since most of them have a great attachment to these boxes” Aisha added.
Vincent Nsereko, the chief operating officer, noted that it is one thing to have the saving boxes but also getting in love with saving or finances is awhole new thing.
” We want to have parents to play a role in financial literacy among their children. since most of us started after University, it is the the reason we want to change the narrative. One of the difficult thing is to have the conversation regarding financial literacy with the children. One of them is using the puzzles to develop their critical thing skills, convey messages with the use of photos making it easy with the kids” Nsereko Said.
The parents thanked the foundation for nurturing their children who are the next generation to learn and practice the saving culture.
Additionally, some of the children that participated such as ; Mercy Nassanga, Tyra Obok, James Park Malinga and Lukwago Leona Valeri were also given cash prizes to put in their boxes.
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