Financial education projects
To raise awareness among young people and adults about the challenges of balancing a budget and to promote understanding of banking products, Societe Generale employees around the world have developed various financial education initiatives. Here are some examples.
In France more than 100 employee volunteers were mobilised in several regions alongside CRESUS, a charity network helping people with debt issues, to educate 1,500 young trainees about properly managing their budgets (payment methods, loans, savings) using simple and fun tools.
In Russia a representative of Rusfinance Bank is invited once a year to give a lecture on a financial topic before upper grade students. The presenters, who specialise in different areas of banking and finance, explain the basic concepts and definitions used in this sector to the students, using the bank’s marketing materials as examples.
In Allada (Benin) the NGO Bouge, supported by the Societe Generale Foundation, trains young orphans with no schooling on topics related to agro-pastoral entrepreneurship (preparing financial records and loan applications, terms, negotiations and market players). Group employees are personally involved in providing training.
In Poland Eurobank spearheaded a project entitled "Home Budget with Eurobank." Two internet platforms are dedicated to the project:
- one is for users taking their first steps into the banking world;
- the other offers more detailed information from the world of finance.
In Brazil Banco Cacique has prepared a financial education handbook to help its customers manage their finances, supplemented by information published on the bank's website aimed at making customers aware of the importance of prudent money management.