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Connexus : Issue 42
micro-enterprise development; fnancial balance: spending and saving; and children’s fnancial literacy. Making money grow The frst training session on fnancial concepts was held in December. "I think the training is very useful and I hope to apply the knowledge," says Mouy Chan Khov, who attended the session in Sihanoukville. The 31-year old mother of two, who can neither read nor write, says she had no previous training in fnancial literacy, but had begun saving every month on her own initiative. "I am most impressed with the idea of making money grow.” Most of her neighbours don't know how to record their family's income and expenses, she says. Like 10 other members of a self-help group in her village, Khov has deposited the equivalent of $2.50 in savings each month for the past two years. During the training, she suggested to the group committee: "Why don't we loan the money to our members? By doing so, our money will increase.” Although the project is in its early stages, real change is already beginning to appear in the community. Another father, in Battambang, said his young son had been saving his money every day since attending the children's fnancial literacy class. RIEL is just one of the many projects CUFA is running in Cambodia to provide fnancial literacy to poor communities on behalf of the Australian mutual movement. Tongngy Kaing is CUFA’s RIEL project communications ofcer. Children learn the basics of money management in one of CUFA's training sessions Why don't we loan the money to our members? By doing so, our money will increase. www.abacus.org.au 47