PINTAR Financial Empowerment Programme
Motivating children to adopt positive financial behaviours
The PINTAR Financial Empowerment Programme is a newly launched initiative by PINTAR Foundation in 2019, to instil the importance of managing money and positive financial behaviour in school-going children. The in-house module successfully completed its pilot programme in April 2019 with optimal results.
'The PINTAR Empowerment Programme for Primary' is a programme conducted in four (4) training sessions
Needs and Wants
To distinguish needs from wants and prioritise them
Budget
Understand the elements of expense planning and prioritise them
Savings
To save money with achievable goals
Make Own Money
To nurture and develop skills in entrepreneurship
The programme ends with a competition amongst students and their peers – pitching their business ideas/plans to generate their own sustainable income.
By the end of each programme, PINTAR Foundation wishes to equip the children with knowledge, skills, and attitude that enables them to be financially empowered; encourage positive financial habits and behaviours, especially in spending and saving money that will help them accumulate wealth in the future, and nurture students’ entrepreneurship skills from a young age, as part of their life-skill learning process and build their confidence around finance related matters.
Partnership with VISA Worldwide and MBSB Bank
The success of the initial programme in 2019 began with Visa Worldwide Pte Ltd for three (3) PINTAR schools in Kuala Lumpur at SK La Salle for more than 50 students. Following which, the programme extended its reach later in the year to 150 students in Grade 5 and 6 from three schools in Malacca, Selangor, and Perak.
The favourable outcomes encouraged PINTAR Foundation to partner with the Malaysia Building Society Berhad (MBSB) in conducting the programme for an additional nine (9) PINTAR schools in Kuala Lumpur, Selangor, Negeri Sembilan, Penang, Johor, Sarawak, Sabah, and Terengganu for 360 students in Grade 4, 5, and 6. The programme concluded with an inter-school competition where participating schools, where student teams were required to execute a workable business plan. Winners of the competition were SK Permatang Pauh, Penang, followed by SK Jalan Sg Besi, Kuala Lumpur, and SK Senibai, Negeri Sembilan.