Allianz Malaysia promotes financial literacy through sponsorship of PINTAR Foundation’s Mobile Learning Unit
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As part of its efforts to promote financial literacy amongst young people, Allianz Malaysia sponsors one of the activity stations in the Pintar Foundation (“PINTAR”)’s Mobile Learning Unit (“PMLU”).
The PMLU is a bus converted into a fun learning space, which aims to provoke action and thought among students of schools supported by PINTAR typically in the rural areas. PINTAR, a non-profit organisation dedicated towards providing equitable access to quality education for rural and under-served schools in Malaysia, launched their latest edition of two PMLUs in March and April 2015. The PMLU was first introduced in 2009 and has had three themes since it started. Each theme was carried out for two years. The theme for 2015/2016 will be “Promoting Intelligence”, featuring six traits of intelligence: verbal, logical, musical, visual, kinaesthetic and emotional. Each bus displays different types of activities based on these traits.
Allianz Malaysia sponsors the Logical Intelligence Activity Station on one of the PMLUs, with the Activity Station having a special focus on the topic of financial literacy. A mock shopping aisle complete with barcode scanner is set up in the bus where children are given a hands-on opportunity to shop for a specified purpose within a certain budget. The Activity Station encourages children to plan and spend within budget and at the same time to differentiate between needs and wants, using the familiar scenario of grocery shopping.
A second activity incorporated into this Activity Station is the Savings Planner, which aims to get students thinking about their savings to achieve their targeted goal. Students can input their savings goal and the amount it costs, and the amount that they are able to contribute to that goal at regular intervals. The planner will then calculate how long it will take them to reach that goal. The activity is intended to get students to realise that their savings goals are achievable and manageable if planned properly.
“We are thrilled to be part of the PMLU this year as it is a fun and interactive way for students to learn about money management. The PMLU is a learning tool that Allianz Malaysia can leverage on to share useful information and basic tips on financialmanagement among students,” said Ng Siew Gek, Head of Allianz4Good Malaysia.
Over the past three years, Allianz Malaysia has been advocating financial literacy among young people throughout the country through the My Finance Coach programme. My Finance Coach is a non-profit initiative founded in Germany in 2010 by partner companies Allianz, Grey and McKinsey. It is a financial literacy programme aimed at improving the money management skills of young people. Under the My Finance Coach programme, employee volunteers trained as Finance Coaches pair up to conduct classes in schools and non-profit organisations. All Finance Coaches are required to abide to the code of conduct of My Finance Coach which expressly prohibits any form of selling activities. Since the implementation of My Finance Coach in Malaysia in January 2012, it has reached over 5,200 students in 51 schools and organisations.
With this new initiative, the Company will certainly reach out to more children, especially those in rural areas. Being part of the PMLU, Allianz Malaysia will be able to provide the children a whole new learning experience.
“This sponsorship opens doors to more opportunities to promote financial literacy throughout the country. We look forward to see how children engage in our Activity Station and we hope that they will not only learn from our activity but also enjoy themselves,” ended Ng.