2023 Full Year Dashboard

In 2023, a total of RM 4,583,568.01 was contributed by 111 financial institutions enabling FINCO’s programmes to make a significant difference to the lives of those we serve.

FINCO’s big goal is to provide underprivileged children and youth with the guidance and educational tools they need to achieve their life goals. Working under four strategic pillars we aim to design and deliver programmes which impact students across Malaysia.

English Proficiency
98.8%
98.8% of students improved their reading proficiency (reported by their teachers)

Life Aspiration
96.9%
96.9% of students applied knowledge gained to plan for their post-secondary life

Financial Literacy
78.3%
78.3% of students have an increased understanding of financial literacy concepts

Disaster Relief
0
5,018 students benefitted through disaster relief channeled to schools

Programme Impact

English Proficiency

We work with schools to ensure students develop the English Language skills they need to achieve their academic and life goals.

Impact Highlight: A parent-Teacher Success Story

Teacher Sunita Devi from SK Rantau Panjang, armed with FINCO-provided tools, assessed the reading age of her students and provided parents with effective strategies for supporting their children. 

One of her students, Aizat’s (name changed) mother was concerned about his low reading age and actively supported him at home following teacher Sunita’ guidance. In just two months, Aizat’s reading age increased from 7.1 to an impressive 9.3 years.

This success story demonstrates how innovative tools and supportive partnerships can improve students’ academic outcomes.

Activity in 2023

0
students benefitted
0
teachers trained
0
schools engaged
0
Interactive Reading Corners
0%
of students showed improvement in English proficiency (reported by teachers)
0%
of teachers successfully applied new skills and knowledge for improved teaching and learning

Life Aspiration

We work with schools to ensure students have the knowledge and skills required to obtain and retain decent work.

Impact Highlight: From Participant to Mentor

Khairunnirah learned about her strengths and weaknesses during five FINCO Life Aspiration sessions, which shaped her decision to become a culinary lecturer. Following the sessions, she consulted with a variety of sources, including a culinary lecturer at UiTM, worked part-time as a cook and competed in the Maggi Healthy Roti Canai Cooking Innovation Contest.

Her influence extends beyond personal development, as she actively encourages and assists friends in their professional endeavours such as creating a career and SPM target dream poster, and she was selected as a career spokesperson at the state-level career education carnival. 

Activity in 2023

0
students benefitted
0
counsellors engaged
0
schools engaged
0
career fairs delivered
0%
of students applied knowledge gained to plan for their post-secondary life
0%
counsellors trained successfully applied new skills and knowledge for improved career guidance

Financial Literacy

We work with schools to ensure students develop an understanding of money matters for improved financial well-being in the future.

Impact Highlight: Empowering Environmental Sustainability Through Financial Literacy

Team Herofinity, participants in FINCO’s Good SENS financial literacy programme, from SK Parit Raja (Johor) won ‘Best Product Award’ at the 2023 International Dragons’ Den, competing against teams from Egypt, England, and Scotland.

Their environmentally conscious business model entails repurposing used oil from their canteen operator and the community to craft eco-friendly soaps and candles. Through the application of financial literacy concepts, they not only demonstrated a strong commitment to sustainability and creative problem-solving but also experienced significant personal growth and development. Their business made over RM2,800 in revenue, which they invested in purchasing stainless steel oil filter equipment for the school’s canteen operator and a neighboring community restaurant.

Activity in 2023

0
students benefitted
0
teachers trained
0
schools engaged
RM0
revenue generated by Good SENS teams
0%
of students have an increased understanding of financial literacy concepts
0%
of returning teachers are confident in teaching their students financial literacy concepts
0%
of students have increased interest in learning about financial literacy

Disaster Relief

We work with teachers to ensure that the needs of their school or students are met during disasters. From rebuilding classrooms hit by floods, to providing food and equipment, we collaborate with financial institutions to identify and meet the needs of the underprivileged to enable students to remain focused on their education.

Impact Highlight: Sarawak School Rises Above Floodwaters

Located in flood-prone Kapit, Sarawak, SK Nanga Trusa suffered a significant setback on January 31 when floodwaters exceeded 7 feet and damaged 80% of the school, including the classrooms, staff room, and students’ and teacher’s living quarters. The disruption was significant to the 84 students, the majority of whom have parents working in farming, contracting, or the palm oil industry. Responding to the crisis, FINCO’s disaster relief funding aided their recovery and improved the school’s resilience to future floods. Flood-resistant tiles and brick walls have been installed to strengthen key infrastructure such as wooden walls and floors. The school reported that the renovated classrooms and living quarters have increased student attendance.

Activity in 2023

0
students benefitted from disaster preparedness resources
0
volunteers trained
0
schools engaged
RM0
disaster relief aid provided

2023 Fund Allocation
FINCO aims to minimise overheads and channel income to impactful programmes.