2022 Full Year Dashboard
In 2022, a total of RM 4,533,424.70 was contributed by 114 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.
Programme Impact
English Proficiency
We support primary school teachers to enhance their ability to deliver impactful English lessons with a particular focus on improving reading proficiency. Interactive Reading Corners provide children with access to great books, engaging resources and storytelling sessions aimed at encouraging good reading habits.
Impact Highlight: Expanding IRC’s Across the Whole School
Noting the impact of FINCO’s IRC and activities on the pupils in this low enrolment school, the librarian from SK Sebat, Sarawak set up an IRC in each classroom and partnered with parents to donate books and carry out activities. Pupils’ reading logs indicated a 100% increase in reading across the school and notable improvements in literacy rates. The teacher, Teacher Piong, gave the following examples of impact on pupils:
- Her year 2 pupil went from being unable to spell simple words to a competent speller participating in the Reading Bee.
- Her shy year 3 pupil showed improved confidence and moved from TP3 to TP5 in his English level within one year.
Activity in 2022
Life Aspiration
We work with secondary school counsellors to plan and deliver career fairs which provide students with access to employers. Student workshops and mentoring by financial industry volunteers also help build students’ understanding of potential career pathways and the skills and qualifications valued by employers.
Impact Highlight: Inspired to Start an Online Business
Andrea Clariss, a Form 5 student SMK Kota Samarahan, Sarawak, attended seven FINCO workshops in 2022 and Interviewed an entrepreneur for the CICF student video series. Inspired by OCBC Al-Amin CEO, Tuan Syed’s session she decided to pursue her idea of becoming an entrepreneur and, after further research, she is working towards starting an online cosmetics business. She credits FINCO for the inspiration and insights that have helped her map out a clearer career path.
Activity in 2022
Financial Literacy
In addition to equipping secondary students with the financial knowledge needed to transition to adulthood, we use social enterprise as a vehicle for providing primary students with opportunities to apply financial literacy concepts.
Impact Highlight: Students Sold Tickets to Feature Film to Buy Boats
Good SENS Team FilPen from SK Luagan, a remote school six hours from Miri, used their collective filmmaking skills to make a ‘feature film’. Through careful budgeting and skills learnt through Good SENS, they generated enough profit through ticket sales to buy a boat for their school. The boat is to be used by students to access the library and Interactive Reading Corner during floods. Team FilPen was selected as one of the Top 4 Best Social Enterprises in the 2022 Dragons’ Den winning further investment to scale up their business.
Activity in 2022
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: Back-to-school items for flood hit students
The year-end floods in 2022 badly hit SMK Sultan Ibrahim (2), a school located just 400 meters from the Kelantan River. Flood waters rose to more than five feet high and the villages nearby were affected with students staying in the area losing their personal belongings including school uniforms, shoes, socks, school backpacks and stationery.
With Disaster Relief funds received from OCBC Bank, the school provided ten affected students with back-to-school items so that they could return to school along with their peers.