Schools recognised for innovative FinEd projects

FOUR schools in Fiji were recognised for their practical application of learning related to Financial Education through innovative projects at the Fiji Head Teachers Annual Congress held in Nadi last week.

The Reserve Bank of Fiji in partnership with the Ministry of Education and the Pacific Financial Inclusion Programme, awarded the 2018 Financial Education Innovation Awards to two primary schools Gospel Primary School and Indira Gandhi Memorial Primary School and two teachers namely Kitione Ligavatu of Uluinakorovatu Primary School and Komal Saqabobo of Indira Gandhi Memorial Primary School.

Kitione Ligavatu, who won the 2017 Innovation Teacher Award was this year, recognised as an outstanding winner and wins the award for a second year in a row.

The judging panel was impressed with Mr Ligavatu’s passion and commitment to championing FinEd projects in the maritime region.

The judges noted that his “money bottles” recycled art and savings project from 2017 with his class had been expanded to other year levels in the school.

Most importantly, students have built on their individual savings to invest in units with a locally owned Trust company.

All of Mr Ligavatu’s Year 3 and 4 students at Uluinakorovatu Primary School on Beqa Island are now proud unit holders with the Fijian Holdings Unit Trust.

The winning primary schools received $2000 cash plus a trophy while the winning primary school teachers received $1000 cash with a trophy.

The awards were funded by the Australian Government through the PFIP. The awards celebrate the achievements of primary schools in Fiji that have supplemented the Financial Education (FinEd) learning in their classrooms with innovative projects developed by teachers and students within their schools.

These projects allow students to both enhance and demonstrate their personal money management knowledge and skills through real-life application of this learning.

FinEd projects are particularly useful as they also allow younger students who may not typically interact with money on a regular basis, to have the opportunity to transform and build upon their classroom learning relating to money management, financial planning and managing and mitigating financial risks.

FinED Fiji is an initiative of the PFIP in partnership with the Ministry of Education and Reserve Bank of Fiji that was implemented nationwide in April 2013.

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