Media
19 June 2018
 
myanmar
Count4Kids App Launch Myanmar

Last week, Cufa and CPA Australia launched the Count4Kids app in Myanmar. The launch was held at Mt. Pann Ta Pwint Monastic Education School in Taik Kyi Township, Myanmar.

 

 

The app is part of Cufa’s Children’s Financial Literacy (CFL) program and will be used as an educational tool to teach basic financial literacy to school children in rural Myanmar. It is the continuation of a successful partnership between Cufa and CPA Australia after the app was released in Cambodia in November 2015.

Through animation and games, the Count4Kids Myanmar App will teach four basic financial literacy concepts: earning money, budgeting for items, saving for future financial goals and making choices about spending money. Since 2008, over 90,000 children aged 6-12 years in Cambodia and Myanmar have been taught in Cufa’s CFL program.

 

 

Thank you to CPA Australia for creating infinite value through financial literacy education!

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19 June 2018
 
12th Russian Credit Union Forum

The 12th Russian Credit Union Forum was held in the beautiful Russian resort city, Sochi from 23rd May – 25th May, 2018. Hosted by the Russian Credit Union League (RCUL), this year’s theme was Credit Cooperation is 25: Achievements, Experience and Potential for Development.

Both Cufa’s Chair Margot Sweeny and Cufa’s CEO Dr. Peter Mason have previously attended the Russian Credit Union Forum. This year, Cufa  sponsored Michael Koisen from the Papua New Guinea credit union movement to speak at the forum. As the CEO of Teachers Savings and Loan Society in Papua New Guinea, and with over 30 years’ experience in the savings and loans industry, Michael shared his valuable insight into the regulation challenges faced by credit unions.

 

 

While being honored to give the opening address, Michael Koisen said of the forum, "The Russian Credit Union Industry has had stops and starts, pre and post Soviet Union and is going through what I would term as a revitalization. There seems to be a mixture of heavy handed and absent regulation driven by a mixture of variables including GFC, distrust, a lack of capacities due to fragmentation and inadequate regulatory resources across a vast geography. There is a huge potential for growth once they get past their teething phase. There are some similar experiences and close similarities to Credit Union development and evolution in Papua New Guinea and the Pacific."

The Russian Credit Union Forum is a platform for discussion of sector development, issues facing by credit cooperatives, including regulation and self-regulation, financial sustainability, new ideas and technologies

Cufa’s history with the RCUL dates back to its induction in 1994. Cufa and RCUL continue to connect as both organisations contribute towards cooperative development around the world.

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19 June 2018
 
cambodia
Learn about some unique Village Entrepreneurs

Cufa’s Village Entrepreneur program lets you join an individual villager on an amazing journey towards a sustainable business. This means a financially independent future, breaking the cycle of poverty for their family and future generations.

There are a wide range of businesses that Village Entrepreneurs often set up with chicken and pig farming being some of the most popular.

Here are some of the programs more unique businesses!

Name Eoun Seng

Business Bike Repairer

Name Phalla Hein

Business Sugar Cane Juice Seller

Name Sokun Chheun 

Business Tailor

Name Bein Sovan

Business Barber

 

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19 June 2018
 
Conversations in Development: Child Labour

Conversations in Development LogoCufa’s podcast series, Conversations in Development, will soon be covering child labour. The podcast provides a unique opportunity for listeners to stay informed about key issues in the development field with input from special guests. Previously, the podcast has covered the relationship between aid and conflict, and Australia's foreign aid.

http://www.ConversationInDevelopment.com.au

The upcoming episode will focus on child labour and is released shortly after the recent World Day Against Child Labour, which focuses attention on the global extent of child labour and the action required to eliminate it.

This episodes guest, Brynn O’Brien, is a lawyer, strategist and advocate. She is currently the Executive Director at the Australasian Centre for Corporate Responsibility, a non-profit organisation that works to promote better performance of Australian companies on human rights, environmental and governance issues.

In the episode, Brynn takes on some of the complex issues behind child labour. She covers supply chains, the link between big business and exploitation, consumer behaviour and examines how it would be possible to meet the UN Sustainable Development Goal of eliminating child labour by 2025.

Get up to date by listening to the previous episodes. Simply search “Conversation in Development” into Apple Podcasts or your favourite podcast streaming service. Episode 3 streaming from Tuesday 26 June 2018.

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15 June 2018
 
cambodia
Thoughts from Cambodia with TMB

In March, Cufa hosted a group from Teachers Mutual Bank (TMB) on a tour through Cambodia to see our programs and learn about the local culture, history and way of life

This is what some of them had to say!

 

Name Smitha Ramaswamy

What were your expectations of the trip? “I grew up in India and had heard that many Cambodian kings were of Indian origin, hence had a lot of religious influence from India during ancient times. I was keen to see the similarities and differences with some of those influences in culture and the Cambodian way of life.”

Who did you enjoy meeting from the Cambodia trip? “The Cufa staff, Pichar, Kundi and Tola, that accompanied us during the day and night trips and were our guides, translators and escorts. We exchanged a lot of personal stories and they definitely were a key to making this study tour a memorable one.”

Any other comments? “I would like to thank Cufa for the wonderful hospitality and what this tour had to offer. Congratulations Cufa for doing amazing work in this space. I am so grateful for this opportunity and so proud to be associated with organisations that believe that building a better future begins with education and a small change in mindset.”

 

Name Joanna Damianakis

What were your expectations of the trip? “To be going on a trip with my colleagues, visiting schools, Village Entreprenuers, credit unions, but being a part of it and to see it for real was amazing and overwhelming. I didn’t know the severity of the poverty.”

Which Cufa projects did you find most interesting and why? “They were all interesting, but what I found inspiring was the Village Entrepreneurs. The way they are serious about getting involved in starting a business and so grateful for the help they get.”

Any other comments? “I found the study tour an opportunity to see firsthand how determined these people are and that the work that Cufa does is so great.”

Thank you, Smitha and Joanna from Teachers Mutual Bank for sharing your thoughts!

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14 June 2018
 
MEDIA RELEASE – Cufa and CPA Australia Launch Educational App in Myanmar

FOR IMMEDIATE RELEASE: 13th June 2018                                                            

CUFA AND CPA AUSTRALIA LAUNCH EDUCATIONAL APP FOR CHILDREN IN MYANMAR

Cufa and CPA Australia today launched the Count4Kids Myanmar App at Mt. Pann Ta Pwint Monastic Education School in Taik Kyi Township, Myanmar.

This project powerfully combines digital technology with an educational tool to teach basic financial literacy to school children in rural Myanmar. The innovative tablet technology expands on Cufa’s successful partnership with CPA Australia on the original Count4Kids Cambodia App that has been integrated into Cufa’s Children’s Financial Literacy (CFL) program in Cambodia since November 2015.

Through animation and games, the Count4Kids Myanmar App will teach four basic financial literacy concepts: earning money, budgeting for items, saving for future financial goals and making choices about spending money. Since 2008, over 90,000 children aged 6-12 years in Cambodia and Myanmar have been taught in Cufa’s CFL program.

CPA Australia’s Head of Policy, Paul Drum FCPA, said, “Following on from the success of the Count4Kids App Cambodia Project, CPA Australia is proud to continue our partnership with Cufa supporting financial literacy in Myanmar. We recognise that this tool enables local children to effectively learn the basics of finance, creating the opportunity for further education and long term career options. This project collaboration confirms CPA Australia’s commitment to helping improve financial literacy in the Asia Pacific region.”

Cufa’s Chief Executive Officer, Dr. Peter Mason commented, “Cufa’s CFL classes have had a significant impact on early financial literacy in Cambodia and Myanmar, with 72% of children continuing to save two years after the program completion. The impact of the digital interactive games as a technological tool to teach rural children financial literacy cannot be underestimated. Thanks to the support of CPA Australia, disadvantaged children will access financial education, and also gain exposure to technology so they will not be left behind in an increasingly digital world.”

The CFL program was established by Cufa after its work with adults in poor communities showed the need to establish financial literacy skills at a young age. With printed and digital support materials, children in participating schools learn the basics of financial literacy and create sustainable futures for themselves. The development of early financial literacy creates independence and with positive long term impact, brings great benefits for the whole community.

– ENDS –

 

For all media enquiries, interview and image requests, please contact:

Tanya Ho

Marketing and Communications Manager
1300 490 467  |  0438 227 479

info@cufa.org.au

 

MEDIA RELEASE in PDF format

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