Financial literacy

Best videos promoting financial literacy in Cambodia awarded

Three videos showcasing the promotion of financial literacy in Cambodia, produced by youth and university students, were selected and awarded, reflecting greater participation of the younger generation in the financial sector.

The final competition, held on June 17, was co-organized by Rithipul, a company that empowers Cambodian people and businesses with financial management knowledge, skills and leadership, the Association of Banks of Cambodia, Cambodian Microfinance Association, Credit Bureau Cambodia and sponsored by Visa.

The three videos were selected through the judging process by representatives of partner and sponsored associations and companies.

The first winner received 8 million Riel (about $2,000) in cash, while the second and third winners received 6 million Riel ($1,500) and 4 million Riel ($1,000), respectively.

The three videos and seven others will be broadcast in preview on the social networks of the competition’s partner institutions.

Ngor Lyko, Deputy Director of Financial Inclusion at the Banking Association of Cambodia, said the program is designed to encourage and motivate young men and women to participate in research, create short educational videos on financial literacy associated with living in a new normal.

“The educational messages produced in these videos embody the meaning, identity, life and practical educational content of financial literacy in our Cambodian society,” he stressed.

“Basic knowledge of finance has made a significant contribution to building a financial education infrastructure to benefit the public by choosing the right and appropriate financial services that can help achieve our financial goals, our community, especially the development of our national economy, says Lyko. Chea Vannak – AKP

  • Key words: Cambodian Microfinance Association, Financial Sector