The Ant Bank is a plastic savings box created in the shape of the ant head to encourage savings among children and youths in Africa. Created and Patented by Infinite Intel Consult Limited for Financial Literacy for All (Teach Children to Save Initiative)

1. The Ant
Bank
… One Child, One Bank Savings Campaign

2. In The beginning
• Savings was part of the culture of the different
tribes and ethnic groups in Nigeria
• People save for different reasons – Festivity,
Ceremonies, Capital projects, Education, etc.
• Many decades ago, education was incomplete
without the culture of savings signified by
ownership of an African clay savings box called
‘Kolo’ in Yoruba

4. Facts about Nigeria and Banking
Knowledge
2008 survey reveals a startling lack of financial
knowledge and banking/savings culture
• More than half surveyed had never heard of a
savings account or insurance.
• 1 in every 3 unaware of interest on savings
• 3 out of every 4 never heard of a debit card or
and/or automatic teller machine
• Fewer than 1 in every 4 knew about pension
planning and/or loans from financial institutions.

5. Today – Season of Instant
• Young people and adult alike are loosing the
virtue of delayed gratification because everything
seems to be at the speed of light
• Instant Gratification breeds corruption and
corruption breeds all manner of unimaginable
crime both to self and humanity
• Many people are poor and many are becoming
poor everyday
• Mostly because we are loosing the age-old
culture of savings

6. The Quest To Bring Back Savings
Culture
To be or not to be?
• The strategies – Habit Formation Process
• Exposure –Financial Literacy and Education – inclusion in
Curriculum
• Tools for Interaction for Savings – Ant bank
• Repetition – School Savings Clubs/Seminars / Savings Day
Habit Formation Process
• Exposure Response Repetition

7. • The Cumbersome Clay or Light Re-useable
Plastic that is child-friendly?
• The old boring breakable Clay, The Piggy Bank
or The New Ant Bank?
• The Journey Begins …. Teach Children to Save
Initiative – One Child, One Bank Campaign!

8. One Child; One Bank, Savings
Campaign Goals
• To distribute 1,000,000 specially designed Savings
Boxes (Ant Banks) free to children and youths all
over Nigeria as a tool for encouraging savings
culture
• To empower 1,000,000 Children and youth with
financial literacy education
• Facilitate the opening of 300,000 new savings
accounts for children and youths
• Encourage savings culture through Media
campaign and My Savings My Future Television
Program

9. Enters the Plastic Ant Bank
The Ant
Bank

10. Beautiful

11. Colorful

13. Why Not The Piggy Bank?
• The pig or swine is abhorred by both Muslims
and Christians in Nigeria
• The two religion accounts for more than 80%
of the religious and cultural inclination of the
entire population
• Many will want nothing to do with the image
or representation of the pig in their homes

14. Why Ant Bank and not The Piggy Bank?
• Anything that will be used to encourage savings
must have a universal appeal both culturally and
spiritually
• Ant symbolizes hard work and saves for the
future by storing up food
• Even in traditional beliefs the Ant is seen as a sign
of abundance
• Though small in size, they achieve great feat
working together meaning that the size of your
savings may be small but over time it will become
great – able to help you achieve great things.

15. The character of the Ant
Children and youth can learn a lot from the Ant
• The Strongest animal by size
• A compulsive saver
• Very courageous
• Clean and socially conscious
• Disciplined
• Ready to sacrifice self for good of others
• Delays gratification for future gains
• Environmentally friendly
• Good manager of resources
• Saves IN THEir BANK!

16. The Cultural and Religious Preference
for the Ant
• The Bible Says ‘... go to the ant; ponder her ways and
grow wise,” (Prov. 6:6)
• African mythology says, ‘a nest of ants near your door
means you will grow rich
• The Quran also refers to the taking ant in
(Qur'an, 27:18) "Ants! Enter your dwellings,."
The Ant has Universal, Cultural and Religious Acceptance.
We envision that soon children around the world will take
the ant bank as a tool and first step to learning to save

17. Story of the Cartoon Strip
• The Adventure of Zak
Zak Saves The Day!

20. Teach Children to Save Summit 2011

21. Seminar for Children In a Church

22. Contact Details
Financial Literacy For All
(Teach Children to Save Initiative)
19, Martins Street,
Lagos
www.financialliteracyforall.org
234 8023005235