In a 2021 survey by the Bangko Sentral ng Pilipinas (BSP), only two percent of Filipino respondents were able to correctly answer all six basic financial literacy questions. In order to improve financial literacy in the country, there is a need to push for more financial education initiatives that will guide and empower consumers, especially the underbanked and underserved sectors, in managing their finances.
Tala, the world’s first fintech company for the Global Majority, understands the importance of financial literacy to accelerate financial inclusion. In response to the need for stronger financial education in the country, TALA Philippines rolled out TALAkayan, a series of workshops together with financial literacy advocate and money expert Salve Duplito where participants can learn money management skills and be equipped with useful tools for their financial journey.
From L-R: Mortiz Gastl, General Manager, TALA Philippines; Salve Duplito, President and Founder of Empower and Transform; Josie Natividad, President of Iskaparate; Missy Santos, Senior Marketing Manager, TALA Philippines during the opening ceremony of the MSME Exhibit
Each workshop is designed in a way that is interactive and catered to the needs of the respective audiences, using examples and scenarios that are relatable and relevant to their everyday life to make learning more effective. Some of the most recent TALAkayan workshops were conducted among CCT (conditional cash transfer) beneficiaries in Pasig City, and women and mothers in Quezon City.
Crowds gathered to listen to TALA’s Financial Literacy Workshop with Salve Duplito. This marks the 13th edition of the financial workshop series that aims not only to equip Filipinos with financial knowledge and literacy, but also helps aspiring entrepreneurs and MSMEs to manage their businesses
Last July 13, aspiring and budding entrepreneurs, and MSME (micro, small and medium enterprises) owners attended the 13th run of TALAkayan at the Trinoma Activity Center, Quezon City. During the learning session, Duplito shared useful tips in allocating budget properly and managing debt as well as some basic concepts in investing and starting a business to the participants.
“I cannot emphasize enough the importance of financial literacy and education in achieving your goals and unlocking your full potential. Whether it’s to start your own business, support the needs of your family or achieve financial stability, awareness of basic finance and budgeting concepts is key to managing your finances better,” said Moritz Gastl, General Manager of Tala Philippines.
The organizers also took the time to meet the 17 exhibitors from Iskaparate and Teleradyo Serbisyo. TALA is committed to empowering the economic potential of the Global Majority, which including budding entrepreneurs and MSMEs
An exhibit that displayed products from 17 local brands and enterprises from Iskaparate Network and Teleradyo Serbisyo’s (DWPM Radyo 630) show, Panalong Diskarte, was organized to inspire more entrepreneurial Filipinos to venture into business and encourage consumers to support homegrown MSMEs.
Participants were also given vision boards to envision their financial journeys, helping them create practical ways to achieve their dreams
By boosting financial literacy and education in the country, Tala is steadfast in its commitment to bridge the financial gap for the Global Majority and unleash their economic potential.
