In partnership with the Savings Bank for International Cooperation (Sparkassenstiftung, or SBFIC), BTS has created a number of business simulation programs to teach business and financial acumen in developing nations. As of December 2017, such programs had been held for more than 64,000 participants in 12 countries. in 2017, 725 seminars were held globally.
64,000 Participants in 12 Countries
In 2010, BTS launched a solution called “Get to Know the Numbers,” featuring a board simulation on how to start an orange juice shop and manage money while building the business. The program focuses on five key categories: record keeping, employment of staff, banking, investments, and separation of family and business accounts. The results of the program have shown significant, measurable impacts, and we are excited to continue to implement this program in more communities and countries worldwide.
In the summer of 2015, BTS launched a pilot of a new orange juice shop program in Zambia for a group of 200 participants (65% female, 35% male). The program focused on five key categories: record keeping, employment of staff, banking, investments, and separation of family and business accounts. The results of the program showed significant, measurable impacts: in all businesses, the share of those doing record keeping increased from 65% before going through the program to 92% after the program, while the amount of men and women separating their business and family finances increased by 30% or more after the program. The share of participants employing at least one staff member increased to over 80% in all of the five industries or businesses listed.
BTS also partnered with the Savings Bank to launch the “Savings Game,” a program developed to target savings mobilization and financial literacy amongst students, private individuals, and young households. The goal of the program is to educate participants on the role of savings and family economics over a lifetime. After a successful pilot in Armenia, the program has been run in Kazakhstan, Ecuador, the Philippines and Russia. To ensure that local trainers are set up for success and can lead the solutions themselves, the developers of the program have been focusing on making the programs available in a variety of languages and organizing “train-the-trainer” programs.
In 2017, BTS and Savings Banks also launched a program for African farmers, which helps them manage cash flow while expanding their business into multiple crops and livestock. The program first launched in Zambia in April 2017, but the ambition is to reach farmers on all continents.