Port Moresby, Papua New Guinea – The Centre for Excellence in Financial Inclusion (CEFI), in collaboration with the Young Port Moresby Chamber of Commerce and Industry (YPOMCCI), successfully facilitated a two-day Financial Literacy Training for young people on February 27-28 at Lamana Hotel, Port Moresby.
The training saw the participation of 21 individuals, including four females, from various working backgrounds. Participants included a mixture of backgrounds from universities, business colleagues, SME businesses and corporate organizations.
Shannie Huambi, a 21-year-old Compliance Officer employed by Kutmor, shared her experience, stating that her financial behavior pattern prior to attending the training needed improvement. “From what I have learned during the training, I’d have to practice managing my finance by saving and budgeting,” said Shannie in an interview with CEFI. Commenting on the benefits of the training, she added, “I now have a better understanding and knowledge regarding budgeting my income.”
Shannie also acknowledged the technical aspects of the training, confidently stating that she is now in a better position to educate her friends, family, and colleagues on what she learned. “I believe that by setting a good example for my family and friends by practicing what I learned on ,savings and budgeting will be beneficial for everyone,” she said.
YPOMCCI President Mr. Charlie Hulijeli expressed gratitude to CEFI for facilitating the training and commended the participants for their attendance and engagement. “I’m sure the training you all went through will benefit your individual lives, whether personally or professionally. And I like that your expectations were met, which is something rare in many trainings,” Mr. Hulijeli told the participants at the mini graduation ceremony.
“This is the first time we’ve organized a training session for YPOMCCI members, and your turnout over the last two days encourages us to host more trainings like this for our members. Thank you all. I believe we will host more trainings like this with CEFI or other financial institutions throughout the year,” he added.
The YPOMCCI has identified the positive impact of the Financial Literacy Program facilitated by CEFI. Recognizing the importance of financial literacy, particularly for young professionals and entrepreneurs, YPOMCCI aims to support initiatives that enhance financial management skills and business acumen.
As a non-profit sub-committee committed to providing a platform for young professionals and entrepreneurs, YPOMCCI acknowledges the need for financial education. The proposed training was designed to equip participants with the necessary tools to effectively budget their finances and develop their business start-ups with confidence.
For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org or visit www.thecefi.org
Ends.
Image Captions:
Image 1. Training participants pose for a group with CEFI Training Officer Mr. Paul Tamatai (5th from left-backrow) and guests at the end of the mini certificate presentation.
Image 2. Shannie Huambi, proudly showing her certificate after she successfully completed the two day Financial Literacy Training.
Image 3. Group activities were part of the training prerequisites. Seen here is a presentation done by a group.
Image 4: Group discussions were part of the training prerequisites. Seen here participants in volved in group discussions.
Image 5: CEFI Training Officer Paul Tamate during a session.
Image 6: YPOMCCI President Charlie Hulijeli, presenting a female participant her certificate during the mini graduation ceremony.
Image 7: YPOMCCI President Charlie Hulijeli, presenting a male participant her certificate during the mini graduation ceremony.
