The celebration of International Savings Day 2022

International Savings Day (ISD) is a global day dedicated to the benefits of saving. Officially recognized since 1925, the idea for this day dates back to October 1924, when representatives of savings banks from 29 countries met to draw people’s attention to the importance and necessity of saving.

Savings in the Congolese context should be seen not only as the excess of disposable income over consumption, but as the fruit of deprivation and sacrifice in order to meet future expenses or to carry out a project. It is therefore important that this fruit of sacrifice and deprivation (savings) be well directed towards the financial sector in order to support its growth by financing productive investments; to increase the global offer of products and to allow the distribution of the related purchasing power.

The FPM vision is to contribute to the reduction of poverty and the improvement of the living conditions of the population in the Democratic Republic of Congo (DRC) by supporting the development of the financial sector. As such, it strives to reduce barriers for those who wish to access financial services.  VISA is an international payments technology company that enables consumers, businesses, banks and governments to use digital payments. As a trusted network, VISA facilitates digital payments in more than 200 countries and territories among a global array of consumers, merchants, financial institutions, businesses, strategic partners and government entities through innovative technologies.

 

Social impact is part of VISA’s commitment to foster inclusive, equitable and sustainable growth everywhere and for everyone.VISA wants to reach the traditionally underserved and give them access to resources that can help them improve their livelihoods, businesses and communities. With this in mind, FPM ASBL in partnership with VISA is organizing International Savings Day activities in the city of Kindu from November 16 to 19, 2022.

These activities are mainly focused on financial education for women and youth. Specifically, it is about organizing a training session on financial education during 3 days with women entrepreneurs and a one-day forum with young people (students; pupils in 6th grade of humanities).

The forum on Saturday, November 19, 2022, aims to sensitize the youth of Kindu on the importance and necessity of saving, and to present them with the most efficient way to do so. This forum will take place according to the following program :

  • Introductory speeches by the FPM ASBL and its partners;
  • The opening panel on the theme “Contribution to Financial Education: State of the Art” (RAWBANK & TMB);
  • The presentation on the two themes: Financial education of women and youth: an investment for the future (budgeting, the advantage of savings and financial negotiation) and digitalization to accelerate the financial inclusion of youth,
  • The “question and answer” session;
  • The closing of the forum & cocktail.

The theme of the 2022 edition remains the same as in previous years: Saving in the DRC for my future, yes it is possible.

 

Signature of a technical assistance contract between the FPM ASBL and the AKIBA YETU COOPEC

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