Ntuthuko Maphumulo
The African Credit Bank has launched a money school to empower its clients on consumer issues relating to the financial market. The bank, which recently repositioned itself as a credit bank to cater for the lower end of the market, identified consumer education as one of its key corporate strategies to meet the needs of its clientele.
Leon Kirkinis, managing director of African Bank, says: “The aim is to facilitate a process which allows consumers to gain a broad understanding of financial matters and how these affect their lives.”
The school will offer courses in personal money management, budgeting, saving, loans and interest rates through the use of presentation tools ranging from learner workbooks, video to storytelling and informal classroom education.
Clients, employees and branch representatives can do the free course in a day or within six weeks so as not to disturb their work schedules. The school has already trained more than 4 500 people and hopes to reach 40 000 people this year.