Financial Management Workshop for Parents in the community - by Sinoy

On 24 December 2009, the Micro-Business Department and the Site Manager conducted the workshop, “How to manage and control cash flow in the family” for the parents in the community.

20 families whose vulnerable children study at Riverkids Center and at the state school through Riverkids’ support attended the workshop.

In this workshop, families were taught how to manage their daily finances more effectively and efficiently. They learnt useful ways to generate income and how they can reduce unnecessary expenses.

As many are unclear about the risks involved in getting a loan, we highlighted that loans are never a “quick fix” to problems but how they could be utilised to generate income that will cause them to become more well-off.

The group discussions went on well and at the end of the session, the participants felt encouraged and motivated to consider running small businesses so that they could give their family a better future.