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Financial Literacy Training. For Microbanking Customers. ISMANTO. BANK RAKYAT INDONESIA. Micro Credit Financing and Poverty Alleviation in OIC Member States. Istanbul, July 9-11, 2007. Number of Business Units (57.7mio). (7.9 mio). (44.8 mio). BUSINESS LANDSCAPE (2006). 7.9 mio. (15%).
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Financial Literacy Training For Microbanking Customers ISMANTO BANK RAKYAT INDONESIA Micro Credit Financing and Poverty Alleviation in OIC Member States Istanbul, July 9-11, 2007
Number of Business Units (57.7mio) (7.9 mio) (44.8 mio) BUSINESS LANDSCAPE (2006) 7.9 mio (15%) Source: Kompas, August 11, 2006
Objectives Financially-Literate Community Knowledge ACQUIRE Needs/ Wants Purchasing Power
Problems • Low level of education • Limited financial literacy skills • Lack of managerial skills • Limited access to business expansion
Customer’s Profile Borrowers: 3,176 51 7 381 422 324 Savers: 2,908 50 10 169 270 815 1,723 ES JHS SHS BC MS DC 1,862
Benefits for the Company Promotion Image CSR Marketing Below the Line The biggest market in consumer banking Care for Community BRI Unit Sustainability & Profitability
Borrowers Image • Enhancing • Knowledge • & Skills • Marketing • Business • Expansion • Understanding • banking • products & • services • Having access • to BPS Financially- Literate Community Benefits for Customers
Financial Literacy Training • Banking Products and Services • Debt Management • Savings • Marketing Strategies • Business Development • Cash Flow Management
Pre-requisites for the Project • Qualified Trainers • Adequate budget (Donors) • Training Design and Curriculum Development • Participant selection • Transportation and Accommodation
Project Monitoring & Assessment Monitoring Assessment Criteria • BRI • Partners • Donors • New product acquisition • Increasing no. of repeated loans • Clients’ business expansion • Clients’ turn-over • Student customers