By Neo Kolane
First National Bank (FNB) Lesotho has partnered with financial consultancy company Visionary Mentors to launch a financial literacy programme for children aged between eight and 18 years.
The programme offers financial education in savings, investments, budgeting, debt management and entrepreneurship.
The head of retail at FNB Lesotho, Nthabeleng Khoali-Mpharoe, said the financial institution believes in providing care to communities they operate in by supporting and enriching individuals irrespective of age.
Khoali-Mpharoe said Basotho were faced with high levels of indebtedness and more families were falling below the income line, hence the need to educate them.
“We have interventions in place such as financial literacy and debt consolidation and rehabilitation,” she said.
However, there was there was need to have remediation measures from the grassroots, she noted.
Khoali-Mpharoe said the FNB had seen the need to start financial education at an early age to equip the young generation with crucial financial skills and knowledge that are essential for making informed financial decisions throughout their lives.
