Financial Literacy Consulting

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

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)

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.

households connected with solar power

people with reduced exposure to toxic fumes produced by kerosene

Children with access to lighting and the ability to study at night

disposable batteries saved from being used

tonnes of CO2 saved from being emitted into the atmosphere every year

households with access to technology that can connect them to family, friends and the rest of the world

AUD ($10m MWK) in collective savings for communities from switching to more affordable solar energy

What it Addresses

The United Nations Sustainable Development Goals

Goal 8: Decent Work and Economic Growth


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

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

Veronica, local business owner, Fiji

“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

Impact Programs

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.  


Get Involved

We believe that tackling global issues won’t be achieved by doing what’s always been done before…are you up for the challenge?

Apply now for the internship of a lifetime; book in a call to activate your application and start shaping real impact.