Financial Literacy Consulting

Empowering small-scale entrepreneurship and economic independence through access to financial literacy and resources to enable growth opportunities.

Economic Growth

Why Financial Literacy?

Financial inclusion is essential to economic empowerment and breaking the deep-rooted poverty cycle, and yet 80% of those in developing economies are excluded from financial products and services (UN, 2016). With access to financial and social assets critical to promoting entrepreneurship, sustainable livelihoods, and economic independence, widespread financial illiteracy can result in debt cycles, seeing customers spending more on transaction fees, running up bigger debts and incurring higher interest rates on loans.

In Fiji alone, low levels of financial literacy, a lack of financial documentation – including credit history and payslips -, seasonality of income, and minimal assets mean that every month hundreds of individuals and small business owners applying for loans get turned away from financial institutions. Without the opportunity to grow local businesses, owners are unable to enhance their standard of living, and face significant barriers to breaking the cycle of poverty.

*Financial literacy is defined as understanding 3 out of 4 of the following key financial concepts: risk diversification, inflation, numeracy and compound interest

Globally, only 33% of adults are financially literate* (World Bank, 2016)

Across major emerging economies, ⅔ of adults with a credit card or loan are not financially literate (World Bank, 2016).

In Fiji only 3% of small to medium business (SME) owners surveyed knew exactly what documentation they need to get a loan (PEV, 2020)

Low income households in Fiji have the lowest financial competencies in managing cost of money, household budgeting, requests for financial assistance and borrowings (Pacific Financial Inclusion Programme, 2012)

Our Awards and Certifications

What we are doing

Our solution, the iLavo Log, puts economic independence, growth opportunities and financial control into the hands of small business owners in Fiji, overcoming barriers to loans and supporting the local economy from the inside out.

The iLavo Log is a vital financial tracker, aimed at enabling access to comprehensive financial education and tools that business owners need to access loans, manage repayments, and sustainably grow their business. Whilst still in early-stage testing and development, the iLavo Log compiles business cash flow statements, inventory log, and financial forecasting that business owners can use as financial documentation to get a bank loan and begin the breakdown of the poverty cycle for good.

The United Nations Sustainable Development
Goals

Goal 8: Decent Work and Economic Growth

Targets:

8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

How to Get involved

Connecting young change-makers and technology partners you will be testing social enterprise solutions in real-world contexts at the very early stages. This is an opportunity to deeply understand our community members and work with them to develop a meaningful social impact.

Locations
Dates Available
Price

Global Impact Program

Fiji

June 2021
June 6 – 25 2021

July 2021
June 29 – July 24 2021

December 2021
November 28 – December 22 2021

January 2022
January 3 – 28 2022

February 2022
February 1 – 26 2022

4 Weeks – $4980 AUD

Our Impact
Partners

SEE WHAT OUR AWESOME
Change-Makers SAY ABOUT
OUR PROGRAMS

“Before coming to Fiji, I had no idea what I got myself into and I had doubts as to whether social businesses actually work. However, my perception immediately flipped on its head as soon as I started working on the social consulting project.

During the month, I was able to build meaningful relationships with the foundations of trust and transparency; I was able to witness the impact our team made first-hand, meeting our clientele who were both warm and receptive to our product as well as our vision. I discovered how the social impacts associated with PEV still resonated with our projects and my own personal values”

Jason Liu

“If it was not of you I would not have achieved what I was aiming for in my business” ⁠

Veronica, local business owner, Fiji

Our
Impact
Projects

You can join over 9 active projects we have developed in countries such as India, Timor-Leste, Fiji and Malawi, as well as rural communities around Australia. You can even make a social impact from the comfort of home as a social impact consultant through our Virtual Impact Program. Our innovative project solutions span across a range of areas for maximum impact, including agriculture, microfinance and solar energy solutions.

Fuel Biodigesters

A safe, low-cost fuel alternative for 3 billion people worldwide by converting agricultural waste into clean energy.

Clean Energy

India

Sustainable Engineering Solutions and Food Security

4 Weeks

See Project

Solar Infrastructure Consulting

Providing Indian businesses and households with reliable and safe electricity through affordable, clean, solar energy.

Clean Energy

India

Sustainable Engineering and Clean Energy

4 Weeks

See Project

4Ize Consulting

Changing the lives of over 1 billion people who suffer from vision impairment, with an end-to-end testing and spectacles dispensing system that can be used by local people with no prior vision testing experience.

Gender Equality Good Health

Fiji, Timor-Leste,
Australia, Virtual

Med Tech
 

2 - 4 Weeks

See Project

Ag-Tech Consulting

Ensuring food security, nutritious diets and economic empowerment for 500 million smallholder farmers around the world, whilst safeguarding biodiversity and boosting developing economies through sustainable and efficient agricultural supply chains.

Life On Land No Poverty Zero Hunger

Fiji, India, Timor-Leste, Malawi, Australia, Virtual

AG Tech, Food Security and Environmental Sustainability

2 - 4 Weeks

See Project

Anti-Poaching

Preventing mass extinction and guarding biodiversity by stopping illegal wildlife poaching using AI technology.

Life On Land

Malawi,
Virtual

Animal Welfare and AI
 

4 Weeks

See Project

Female Sanitation | Menstrual Cups

Empowering women and girls through safe sanitation practices and access to education and opportunities, using reusable and hygienic menstrual cups

Clean Water Gender Equality Recycling & Reuse

Malawi, Timor-Leste

Empowering Women and Girls

4 Weeks

See Project

Female Sanitation | Reusable Pads

Empowering women and girls through safe sanitation practices and access to education and opportunities, using reusable and hygienic pads.

Clean Water Gender Equality Recycling & Reuse

Malawi, Timor-Leste

Empowering Women and Girls

4 Weeks

See Project

Financial Literacy Consulting

Empowering small-scale entrepreneurship and economic independence through access to financial literacy and resources to enable growth opportunities.

Economic Growth

Fiji

Economic Empowerment

4 Weeks

See Project

Microfinance

Empowering small-scale entrepreneurship and economic independence through access to socially beneficial assets and services using microfinance loans.

Economic Growth

Malawi

Economic
Empowerment

4 Weeks

See Project

Solar Solutions Consulting

Electrifying the 16.5 million Malawians with no access to electricity using affordable, clean, solar power.

Clean Energy

Malawi

Sustainable Engineering and Clean Energy

4 Weeks

See Project

Sustainable Stoves

Providing access to cleaner, low cost and fuel-efficient energy to 3 billion people worldwide whilst maintaining long-held cooking practices and traditions.

Clean Energy

Fiji, Timor-Leste

Sustainable Engineering Solutions and Food Security

4 Weeks

See Project

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