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Fiji Time: 5:19 PM on Monday 20 May

/ Front page / Business

Financial literacy awareness on air

Elenoa Baselala
Wednesday, August 15, 2012

A RADIO show aimed at improving financial literacy in households will hit the airwaves soon and run for six weeks.

VISA, the Fiji National Financial Inclusion Taskforce and the Fiji Broadcasting Coorporation are partners in the project, which will cover topics on budgeting, saving, insurance, managing debt, financial record keeping and financial advice.

The show will air on Radio Fiji Two, Bula FM and Gold FM with scripts in English, Fijian and Hindi.

"We are delighted to be supporting the growth of financial education in Fiji through this exciting partnership," Sean Preston, VISA Inc's country manager, South Pacific said.

"We believe that financial literacy is an essential skill because it empowers people with the ability to make good financial choices and to protect themselves from financial difficulty. "It enables all Fijians to be better informed when making decisions on the important financial aspects of their lives."

The show will be based around a family drama that explore's a topic in an everyday situation. Mr Preston said Fiji was an important market to VISA and that they would continue to invest in the country.

Taskforce member, Michael Nacola said there were other projects in the pipeline on financial literacy.

Since the launch of the taskforce in 2010, financial institutions have been conducting financial literacy programs across the country.

The target is to reach 150,000 of the unbanked by 2014. So far, they have reached 90,000 or 60 per cent.

Financial literacy has also been included in school curriculums with the target to have 2000 primary school champions and 1000 secondary school champions.