QNET

Seeding financial literacy for a brighter future

QNET’s Signature
Financial Literacy Programme

2.5 Billion

2.5 billion – more than half of the world’s working adults- are excluded from financial services. This is most acute among low-income populations in emerging and developing economies, where approximately 80% of poor people are excluded

33% Youth

Youth are 33% less likely to have a savings account than adults and 44% less likely to save in a formal institution.

50% East Asia and the Pacific

Saving-account penetration rates for youth vary by geographical region, ranging from 12% in Africa to 50% in East Asia and the Pacific.

High cost of financial services

Youth are often excluded from access to formal financial services. Reasons include legal restrictions, high transaction costs and negative stereotypes about youth. Regulatory frameworks and inclusive policies that are both youth friendly and protective of youth rights are needed to increase youth financial inclusion.

Financial inclusion

Financial inclusion has been broadly recognised as critical in reducing poverty and achieving inclusive economic growth. While financial inclusion is not an end in itself, but a means to an end—there is growing evidence that it has substantial benefits for individuals. Studies show that when people participate in the financial system, they are better able to start and expand businesses, invest in education, manage risk, and absorb financial shocks.

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Financial literacy is vital in supporting economic growth

Financial literacy is vital in supporting economic growth and encouraging governments, businesses, and communities to achieve broader development goals, such as establishing solid social security and providing equal opportunity for all. In 2020, about 6.1 billion out of the 7.8 billion people worldwide had bank accounts and access to basic financial services1. The remaining 1.7 billion people lack the financial education and tools to improve their lives.
1 Read the Global Data

QNET understands that a better future starts with education and inclusion

As a business focused on developing micro-entrepreneurs, QNET understands that a better future starts with education and inclusion. Through our FinGreen programme, we strive to increase financial inclusion for individuals by learning the skills, habits, and attitudes to help them make informed financial decisions, online and offline.

FinGreen aligns with the United Nations and Addis Ababa Agenda

Launched in 2022, FinGreen aligns with the United Nations2 and Addis Ababa Agenda3 to provide adequate skills and proper developmental training for all, particularly for youth, women, and those embarking into entrepreneurship. The programme will play a pivotal role in supporting marginalised communities worldwide to achieve the UN SDGs and establish a stable and healthy economy in developing nations

2 United Nations Development Goals
3 Addis Ababa Action Agenda

At QNET, we are committed to empowering people to take charge of their future and lead better lives. Through FinGreen, we aim to address the challenges of financial know-how faced by young people and women in particular, through education and training.

The FinGreen Programme is based on the following three pillars

1. Assess

FinGreen takes a ground-up approach to financial education. We collaborate with local experts and partners to assess and identify the target segment for the training.

Surveys and feedback sessions are conducted throughout the programme duration to ensure the uptake of key messages and implementation of improvements based on continuous feedback from participants.

2. Train

The smallest seeds can blossom into the most beautiful forests. Sessions under the FinGreen programme are concise and time-efficient to achieve effective results. This is particularly important for young adults, especially those from economically disadvanted backgrounds who may lack the resources to complete longer courses.

Trainers are carefully selected to be simple and approachable. Whether face-to-face or online, lessons encourage peer-to-peer conversations where questions, issues, and feedback can be addressed openly and freely.

3. Advocate

FinGreen is not just focused on cultivating financially savvy communities. It also incorporates many essential aspects of personal development, such as curiosity and self-esteem.

The program aims to transform participants into confident, aware and financially savvy individuals who are able to champion and share the knowledge with others in their families and communities. Thus creating a ripple effect with a much broader and longer term impact

“Financial literacy is essential for economic stability and growth, especially among youth in developing economies. We’re committed to helping create positive outcomes that marginalised communities deserve through our FinGreen programme.”

Malou Caluza

Deputy Chairperson
3

FinGreen has helped me…

… to start saving for a rainy day

“My idea about cultivating a saving habit was that there had to be lots of money. After FinGreen, I realized you could start saving with very little.”

Victor Mfe Awar, 23
Student (Nigeria)

FinGreen has helped me…

… to be wise in making financial decisions

“The FinGreen program has impacted me in several ways. Firstly, is the ability to spend money wisely and save at the expense of your income. Through some activities, I have come to understand that not all opportunities should be embraced. Rather, one must be productive based on identified opportunities.”

Olaniyi Shalom Anuoluwapo, 20
Student (Nigeria)

FinGreen has helped me…

… to share and teach others

“The financial literacy program (FinGreen) has given me the knowledge of how the impact of financial freedom can affect one’s life. I pledge to try my best to share the training given to me with other youths in my community.”

Mogbeyiro Gbemisola, 17
Student (Nigeria)

FinGreen has helped me…

… to consistently plan and manage a budget

“I learned that we can write a budget and take notes in a planned way. I hope to continue that way from now on.”

Medina Kaynak, 26
Accountant (Turkiye)

FinGreen has helped me…

… to harness the potential and take charge

“The FinGreen training helped me recognize some things I was ignoring in my life, and caused me to see clearly. In the training, we talked about the power of women. A woman puts in a lot of effort and produces a lot, but it is never seen. This training empowered me to become assertive.”

Hatice Guzel, 39
Homemaker (Turkiye)

FinGreen has helped me…

… to use the information for everyone’s benefit

“As women, we do a lot of work for no pay. I want to tell others about this training and use this information to benefit us all.”

Turkan Guldali, 43
Cooperative partner (Turkiye)

Find out more on our FinGreen initiative across the world.

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FinGreen in the news

Stay tuned to our social media channels and subscribe to our blog for the latest on QNET’s financial literacy programme. We would love to hear your ideas and suggestions on how we can work with you and grow the initiative in your community.