Junior Achievement cultivates the culture of saving in schools

STORIES BY BONGUMUSA SIMELANE
MBABANE- Junior Achievement Swaziland is instilling the culture of saving and entrepreneurship among the kingdom’s youth in schools. Junior Achievement is a Non-Governmental Organization which helps young people with entrepreneurial skills across the country and the main partner of the organization is the Royal Swaziland Sugar Corporation (RSSC). Through the institute’s initiative, high school students are encouraged to learn saving at an early age which will equip them for the future. Last week a visit to some of the schools that are mentored by JA revealed there has been a significant turnaround as some schools have already formed some saving cooperatives.

Among the visited schools was Nkiliji High School with 45 member students in their cooperatives. So far Nkiliji has saved up to more than E1 600 and the students admitted that their savings were low compared to other schools but were optimistic that they could contribute more. Not left out is Dvokolwako High School with over 200 member students and savings of up to E20 000, making it so far the highest compared to other schools. The students’ savings are transferred to Junior Achievement which thereafter transfers the money to Lubane Credit and Savings Cooperative. At the end of the year, the savings with interest will be shared by the student from each school. On another note, there is currently a school competition that challenges students to come up with an ICT inspired business. The theme of the initiative is ‘Integrating ICT into Entrepreneurship’.

Through the institute’s initiative, high school students are encouraged to learn saving at an early age which will equip them for the future. Last week a visit to some of the schools that are mentored by JA revealed there has been a significant turnaround as some schools have already formed some saving cooperatives.

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