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Presented by Dr Pushpa Wood
Westpac Massey Fin-Ed Centre, New Zealand
OECD-Thailand Seminar on Financial Literacy and Financial Inclusion
Bangkok – 16-17 December 2014
Three examples
Timor Leste
Maori small business owners
Migrant small business owners
Timor Leste- background
 Led by Banco Central, Timor Leste
 Supported by all four commercial banks
 Financial Education programme part of the
nationwide drive to improve financial
capability
 Staged approach to introduce the
programme
Approach
 “Save now for a better future” National awareness
campaign- involving commercial banks and schools to
promote the campaign
 Three key pillars of the programme – Plan, Save and
Protect
 Primary objective – “to encourage people and small
businesses to modify their spending habits and to
increase financial security and stability by saving
more”.
Maori small business owners
Impact of culture on managing a
business
Personal loans vs. business loans
Personal assets vs. business assets
Protecting the business
Migrant small business owners
 Financial responsibilities vs. legal, ethical and
employer responsibilities
 Relationship between family members as employees
and external people as employees
 Keeping personal and business worlds separate
 Understanding the protocols of the country of
residence & operation

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Wood pushpa financial literacy for sme sector

  • 1. Presented by Dr Pushpa Wood Westpac Massey Fin-Ed Centre, New Zealand OECD-Thailand Seminar on Financial Literacy and Financial Inclusion Bangkok – 16-17 December 2014
  • 2. Three examples Timor Leste Maori small business owners Migrant small business owners
  • 3. Timor Leste- background  Led by Banco Central, Timor Leste  Supported by all four commercial banks  Financial Education programme part of the nationwide drive to improve financial capability  Staged approach to introduce the programme
  • 4. Approach  “Save now for a better future” National awareness campaign- involving commercial banks and schools to promote the campaign  Three key pillars of the programme – Plan, Save and Protect  Primary objective – “to encourage people and small businesses to modify their spending habits and to increase financial security and stability by saving more”.
  • 5. Maori small business owners Impact of culture on managing a business Personal loans vs. business loans Personal assets vs. business assets Protecting the business
  • 6. Migrant small business owners  Financial responsibilities vs. legal, ethical and employer responsibilities  Relationship between family members as employees and external people as employees  Keeping personal and business worlds separate  Understanding the protocols of the country of residence & operation