<ul><li>A YOUTHSLead Project   </li></ul><ul><li>Made Possible by the </li></ul><ul><li>People’s Association and  </li></u...
The Problem Financial Dependence  Depending on Government assistance or CPF insufficient for retirement.   Financial Capab...
<ul><li>The Money Bank  Programme </li></ul><ul><li>Helping You To Help Yourself </li></ul>The Solution <ul><li>To improve...
Enterprise Jul – Sep 2008 Phase I Finance Nov 2008 – Jan 2009 Phase II Employability Mar – May 2009 Phase III Earn Save 15...
Money Bank – Phase I Enterprise Jul – Sep 2008 Phase I Finance Nov 2008 – Jan 2009 Phase II Employability Mar – May 2009 P...
Money Bank – Phase II & III Enterprise Jul – Sep 2008 Phase I Finance Nov 2008 – Jan 2009 Phase II Save Earn Grow <ul><li>...
Outreach to 300 residents 120 take action 45 succeed 20 empowered How we measure success Financial Assistance Residents Re...
Outreach Channels Personal Selling Advertising Sales Promotion Public Relations Local Influence Mass Media Awareness Call ...
Family Service Centre Kampong Kapor  Family Service Centre Students in Free Enterprise NTU Chapter Supporting Agencies Com...
In conclusion… Participating Residents Empowered Residents Money Bank 15% Participating Residents on financial assistance ...
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Youths Lead - Jalan Besar - Project Senso - MoneyBank Volunteer Programme

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A presentation of the MoneyBank - Helping you to help yourself economic empowerment programme in Singapore and run by the YOUTHSLead volunteers project team assigned to the Kallang Community Club, in partnership with Project:Senso Ltd and Students in Free Enterprise (Nanyang Technological University chapter).

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Youths Lead - Jalan Besar - Project Senso - MoneyBank Volunteer Programme

  1. 1. <ul><li>A YOUTHSLead Project </li></ul><ul><li>Made Possible by the </li></ul><ul><li>People’s Association and </li></ul><ul><li>People’s Association Youth Movement </li></ul><ul><li>Jalan Besar Division </li></ul><ul><li>Original Concept by </li></ul><ul><li>Alan Chen </li></ul><ul><li>Produced by </li></ul><ul><li>Irene Koh </li></ul><ul><li>Supported by </li></ul><ul><li>Victor Tan </li></ul><ul><li>Presented by </li></ul><ul><li>Nicholas Chan </li></ul>Yourself Helping YOU to Money Bank
  2. 2. The Problem Financial Dependence Depending on Government assistance or CPF insufficient for retirement. Financial Capability Lack of financial knowledge and growing unemployment. Scene in Singapore Aging Population brings multiple problems. Money Problem Opportunities Few opportunities for lesser educated, senior citizens and disabled.
  3. 3. <ul><li>The Money Bank Programme </li></ul><ul><li>Helping You To Help Yourself </li></ul>The Solution <ul><li>To improve the financial well-being of residents in Jalan Besar Division. </li></ul><ul><ul><li>Preparing not just for the rainy days but also enjoy the sunny. </li></ul></ul><ul><ul><li>Reduce the number of residents on financial assistance schemes by working with them to solve their deep-set financial issues. </li></ul></ul><ul><li>To open up more opportunities for residents in Jalan Besar Division. </li></ul><ul><ul><li>Initiatives to hire locals within the township. </li></ul></ul><ul><ul><li>Initiatives that encourages neighborliness via micro-businesses. </li></ul></ul>
  4. 4. Enterprise Jul – Sep 2008 Phase I Finance Nov 2008 – Jan 2009 Phase II Employability Mar – May 2009 Phase III Earn Save 15 – 25 Years Give strong fundamentals to ground youths in sound financial management. Empower and embolden youths with the spirit of enterprise both as a catalyst of social change and as a viable career path. Lessen focus on the topic of Employability; many other avenues which provides greater clarity. Grow 25 – 65 Years Greater focus to the working class on how to further improve their income. Give practical and actionable knowledge on how to manage their finances, both in a personal and family setting. Lessen focus on the topic of Enterprise as majority of participants would have family commitment and will be more risk-adverse The Money Bank Framework
  5. 5. Money Bank – Phase I Enterprise Jul – Sep 2008 Phase I Finance Nov 2008 – Jan 2009 Phase II Employability Mar – May 2009 Phase III Earn Save Grow <ul><li>Entrepreneurship </li></ul><ul><li>Target group : Youths and Working adults </li></ul><ul><li>The ABCs of being an entrepreneur </li></ul><ul><li>Turn your hobby to a business </li></ul><ul><li>Micro-businesses </li></ul><ul><li>Your Neighbor-Partner micro-businesses </li></ul><ul><li>Micro-Co-op and you </li></ul><ul><li>Bookkeeping and operations improvements </li></ul><ul><li>Marketing and advertising for small businesses </li></ul><ul><li>Business with Charity makes cents </li></ul><ul><li>Startup in the High-Technology industry </li></ul><ul><li>Hire locals by exchanging services </li></ul>
  6. 6. Money Bank – Phase II & III Enterprise Jul – Sep 2008 Phase I Finance Nov 2008 – Jan 2009 Phase II Save Earn Grow <ul><li>Financial Literacy </li></ul><ul><li>Target Group: Youths and Working Adults </li></ul><ul><li>Fundamentals of Investment </li></ul><ul><li>Insurance </li></ul><ul><li>Personal Financial Management </li></ul><ul><li>POEMS (Online Trading) </li></ul><ul><li>Basic Technical Analysis </li></ul><ul><li>Cash flow Seminars </li></ul><ul><li>Retirement Planning </li></ul><ul><li>Employability </li></ul><ul><li>Target group: Unemployed Adults and Elderly </li></ul><ul><li>Employability Workshops </li></ul><ul><li>Career Development Talks </li></ul><ul><li>Job Fairs </li></ul>Employability Mar – May 2009 Phase III
  7. 7. Outreach to 300 residents 120 take action 45 succeed 20 empowered How we measure success Financial Assistance Residents Residents that successfully solved their problems inspired to serve others like themselves in the newly formed interest groups at the CC. 15% of attendees to successfully go off assistance schemes within 6 months. 40% of attendees to act on their new-found knowledge. Ordinary Residents To be inspired to volunteer and assist other residents in newly formed interest groups or in the supporting NGOs. 15% of attendees to achieve better financial controls at home within 6 months. 40% of attendees to act on their new-found knowledge.
  8. 8. Outreach Channels Personal Selling Advertising Sales Promotion Public Relations Local Influence Mass Media Awareness Call to Action <ul><li>Lift interior (Rejected by Jalan Besar Town Council on 12 June 08) </li></ul><ul><li>Leaflets maildrop </li></ul><ul><li>Places of Worship </li></ul><ul><li>Public Places (E.g. Bus Stops MRT Station Market, CC, RC) </li></ul><ul><li>Various committees within PA Jalan Besar jurisdiction </li></ul><ul><li>SINDA and Kampong Kapor Family Service Centres </li></ul><ul><li>Schools </li></ul><ul><li>Associations within Jalan Besar </li></ul><ul><li>Press Releases on both online and offline sources. </li></ul><ul><li>Event calendars on local print media. </li></ul><ul><li>On-site promotions at Community Events (E.g. Kallang CC Open House, Racial Harmony Day, Emergency Preparation Day </li></ul>
  9. 9. Family Service Centre Kampong Kapor Family Service Centre Students in Free Enterprise NTU Chapter Supporting Agencies Community Supporters No man is an island
  10. 10. In conclusion… Participating Residents Empowered Residents Money Bank 15% Participating Residents on financial assistance to go off such assistance. 15% non-financial assistance Participating Residents to have better financial mgmt Raise new volunteers and Grassroots leaders Raise new volunteers for NGOs Expertise Logistics & Knowledge of the ground

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