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Financial education. Helping girls build better futures.

Education drives economic empowerment and social mobility. Our Financial Education Initiative aims to increase both the financial capability of girls and their awareness of their social and economic rights.

 

Financial Education for Girls

Financial Education aims to provide relevant and timely financial education to girls and young women at key points in their lives, as part of a program to support girls with the necessary knowledge, skills and attitudes to tackle decisions along their life's journey, whether this is personal, professional or in continuing education.

"Access to financial and social assets is essential to helping youth make their own economic decisions and escape poverty."

UN Secretary General Ban Ki-Moon

Responsible financial services include education and Financial education enables economic empowerment. As a global financial institution, we see first-hand how important financial skills are to enable people to actively participate in the economy and society. Many young people aged 14–25 in developing countries are already economically active but without any basic education in the key tenets of finance. They are therefore not only less likely to maximize the benefits from their economic activity, but also risk making decisions that may result in debt and further poverty over time and into adulthood.

Given that girls in developing countries still struggle to overcome many barriers to education compared to their male counterparts, focusing on financial education for girls in particular can mean transformed futures. Empowered girls can manage their own savings, spending, and make decisions about their future endeavours in life.

By increasing both the financial capability of girls as well as awareness of their social and economic rights, they can better fulfill their potential and take advantage of economic opportunities as they transition into adulthood. Furthermore, financial education for girls also mitigates their vulnerabilities such as sexual and domestic violence, school dropout, illiteracy, early marriage, and pregnancy.

 

Financial Education 2014–2018

1544
schools have benefited from our support
3620
teachers have been trained
122.1k
adolescent girls worldwide have benefited from financial education and life skills classes
 

Financial Education Initiative: Building on Success

In 2008 we launched the Global Education Initiative which targeted school-aged children in selected countries throughout Europe, the Middle East, Africa, Latin America and the Asia-Pacific region. Between 2008-2014, the Initiative developed strong partnerships whose programs reached over 100,000 students in over 400 schools in 38 countries. More than 15,000 teachers were trained in subjects ranging from Science, Technology, Engineering, and Math (STEM) and IT to child-friendly teaching methodologies. Based on this success, in 2014 Credit Suisse launched a Signature Program focusing on Financial Education for Girls. Aiming to increase both the financial capability of girls and their awareness of their social and economic rights, the program strives to empower the next generation of women to achieve better futures for themselves and their communities. Between 2014-2017 this program was delivered by our partners Plan International and Aflatoun International. Nearly 100,000 girls received financial education and life skills education in selected regions of Brazil, China, India and Rwanda.

In 2017, our long standing partner Room to Read joined the Financial Education program and expanded its geographical scope to Tanzania and Sri Lanka..

Aligned with the core business of Credit Suisse and our Financial Inclusion Initiative, the Financial Education for Girls program aims are:

  1. Over 100,000 girls receive Financial Education through Life Skills programs;
  2. Girls have increased self-confidence and agency over their future choices;
  3. The agenda for educating girls is supported more strongly by families, communities and authorities at the local and national level

Education equals empowerment

We are also continuing to support our long standing Global Education Initiative partner Teach For All, whose global network focuses on strengthening the provision of quality education. Credit Suisse supports Teach For All by enabling them to build organizational capacity of their network partners so that they can advocate for and promote excellence teaching. Teach For All provides direct support to its network partners, access to global resources, and opportunities for learning and sharing. In 2018, Credit Suisse began supporting 2 new initiatives: Teach For All's  Girls Education Initiative, and the Global Innovation Hub, which serves to catalyze the leadership of alumni innovators.

To see the work accomplished with our six partners (2008-2014)

 
Anchor: gei
 

The Financial Education Initiative and the Sustainable Development Goals (SDGs)

'Achieving Universal Primary Education' by 2015 was defined in 2000 as one of the UN's Millennium Development Goals (MDGs). Since 2008, Credit Suisse has made a contribution to reaching this ambitious target through its Global Education Initiative (GEI). In 2015, the UN adopted the Sustainable Development Goals (SDGs), which replace the MDGs and form a core element of the UN's ambitious and transformative 2030 Agenda for Sustainable Development. The SGDs consist of 17 sustainable development goals that range from ending all forms of poverty and hunger and promoting access to education to combating climate change and building peaceful and inclusive societies. SDG 4 aims to "ensure inclusive and equitable quality education and promote lifelong learning opportunities for all".

With the belief that education is a great equalizer and a powerful force for social and economic change, Credit Suisse's efforts have focused on providing education to those most in need. Launched in 2008, the GEI is proud of the achievements and the strong partnerships developed over the past years. These partnerships have focused on breaking down barriers to accessing education and improving the quality of educational opportunities.

Through our funding and multi-faceted support, our partner organizations have been able to pilot new programs and approaches while also strategically developing these in order to ensure their sustainability.

In 2015, Credit Suisse published a report in order to raise broader awareness of the SDGs and to promote a constructive dialogue about this topic. In the publication "Aiming for Impact: Credit Suisse and the Sustainable Development Goals", we illustrate how the SDGs provide tangible opportunities for companies to pursue business objectives while also contributing to sustainable development.

Signature Program Partners

  • Aflatoun International

  • Plan International

  • Room to Read

Stories from Our Partners (2008-2014)

  • Camfed

  • CARE

  • Plan International

  • Teach For All

  • Worldfund

Corporate Citizenship. Empowering People.

Together with our employees we work with selected partner organizations to help strengthen our society and to address social issues. Together, we strive to build a more inclusive future where all people can access the resources and develop the financial, entrepreneurial and other skills to thrive in the economy and society. As part of this commitment we set three focus themes: Financial Inclusion, Financial Education and Future Skills.

Focus Themes