In partnership with the Savings Bank for International Cooperation (Sparkassenstiftung, or SBFIC), BTS has created a program to teach business and financial acumen in developing nations. Through 2016, we held over 1,600 Micro Business Simulation Seminars in 12 countries, which reached more than 50,000 participants.
1,600 Seminars in 12 Countries
Participants run a business simulation of an orange juice shop to learn the economics of buying oranges, pressing them and selling glasses of juice. They acquire a storefront, remodel it as a juice shop, hire people and build the business.
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 SBFIC to launch the Savings Game, a program developed to target savings mobilization and financial literacy amongst students, private individuals and young households. After a successful pilot in Armenia, the program has been run in Kazakhstan and is now being demanded in countries such as Ecuador, the Philippines, and Russia. To make sure local trainers are set up for success and can lead the solution themselves, the developers of the program organized a “train-the-trainer program” in September 2015.
In June 2016, BTS started working with the SBFIC to develop an agricultural finance game designed for small-scale farmers throughout Africa. This solution will pilot in December 2106.