The Banco Popular Dominicano presented the Academy of Finance with Purpose, an innovative web platform with educational content on personal, family and business finance created to extend financial education to the entire population and thereby increase financial inclusion in the country.
The Purpose Driven Finance Academy was launched in the second Sustainable Finance Forum, a virtual event of Banco Popular, in which experts from five Ibero-American countries approached financial education and the good sustainable management of personal and business finances from different perspectives. Over 4,600 people registered to participate in this second edition of the forum.
This digital educational initiative was presented at the event, which is free for anyone who wants to improve their financial knowledge to improve their quality of life. According to the Central Bank’s National Survey of Financial Inclusion, it is estimated that only two out of ten people use a budget or record their income and expenses to plan their family finances.
Innovation for inclusion
Those interested in taking the step and taking the courses and workshops of the Academy of Finance with Purpose can access through the portal www.Finanzasconproposito.edu.do, where they will find content from expert facilitators and planning tools that will allow them to achieve financial health for themselves, their families, as well as for the growth of companies.
The users of the platform who complete the training will obtain a certificate that will guarantee the acquisition of their knowledge in the matter.
The training offer was structured to be practical and applicable, taking into account the bank’s market trajectory and experience with millions of clients.
In this regard, the executive president of Banco Popular, Mr. Christopher Paniagua, pointed out that financial education is “the key to opening the doors of opportunities towards a better present and future. Getting financially educated is the step that changes everything ”.
Educational axes
The Purpose Driven Finance Academy offers six main educational axes: individual finances, with basic information to manage personal finances and organize financial goals; and family finances, which includes challenges as a couple and teachings to educate children.
For small companies there is the axis of business impulse, with learning about financial concepts, separation of personal and business finances, accounting and financial security that serve to contribute to the growth of a business project.
Likewise, there is a fourth axis on sustainable finance, aimed at showing the steps and knowledge to evolve towards a sustainable lifestyle, aligned with the United Nations Sustainable Development Goals.
For young people, the training offer includes a fifth axis of first financial experiences, which will teach them to know and handle their first financial products and be entrepreneurs.
Finally, the sixth axis is oriented to the education sector, with content to teach teachers and students in schools the fundamentals of healthy personal finances.
The web platform with training content, in addition to the programs, courses and workshops, will offer simulators for calculating savings, loans, investment, retirement, emergency fund and education; it is completed with downloadable guides and templates, a blog and videos with up-to-date financial education content and advice for the holistic well-being of people; Live event programming and a shopping cart for special activities will be included.
The contents of the Purpose Driven Finance Academy will be updated over time.
Through this digital proposal and other financial education initiatives, Popular has the goal of educating more than 150,000 Dominicans by the year 2030, as part of its commitments to the United Nations Principles of Responsible Banking.
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