Anyone can be Financially Capable

An Awarding Ceremony for the winners of UNCDF’s Innovation Challenge was held in Rose Garden Hotel (in Yangon, Myanmar) on 16th August 2019.

Zabai is among the five winners of the Financial Literacy Innovation Challenge alongside with ONOW, Thitsa Works, Koe Koe Tech, and Monkiri, all which signed the agreement to develop a respective product to help achieving greater financial inclusion in Myanmar.

As part of the deal, Zabai will continue to produce an e-learning course on the topic of Financial Literacy with the particular focus on Low-Income Women from rural and conflict areas of Myanmar.

Despite their lack of knowledge in financial literacy, this group of women is still the lead in managing their daily household cash management and some even participate in financial planning to secure the future of the whole family.

Zabai’s Financial Literacy Course will be of Great Help in coping with their significant financially challenges from their daily expenses and correspondingly, by encouraging them to use financial literacy as a tool to manage their financial resources effectively, reaching financial security and freedom.

As part of the project, Team Zabai went far to Myitkyina, a city from Northern Part of Myanmar, last week to participate in “Journey to Financial Inclusion Workshop” hosted by UNCDF. Many forms of possible solutions for financial Inclusion are provided with the main focus on Women of different ages.

The event was largely populated by women from diverse Kachin financial institution, as well as a number of companies and NGOs displaying their relevant products.

Zabai’s latest e-learning course “Financial Literacy” made its first appearance at the City Hall, introducing technology solutions to overcome the barriers of financial knowledge among women from remote areas. Soon, the course will be tested with a minimum of 1,000 women throughout the whole country.

Our Special thank goes to UNCDF, Zabai team were able to learn cultural values and connect with a variety of local organizations which will be the main source in delivering our promises to women.