ANZ has launched a financial literacy program for small businesses, called "MoneyMinded Business Basics for Small and Medium Enterprises" in Tonga.
MoneyMinded Business Basics has been delivered to over 1200 participants in Fiji, Solomon Islands, Vanuatu, Timor Leste, Kiribati, PNG, India and Indonesia. The program provides participants with the fundamentals of running a small business, including establishing a vision, writing a business plan, understanding legal and tax obligations and managing cash flow.
MoneyMinded Business Basics for SMEs has been adapted from ANZ’s flagship financial literacy program, MoneyMinded for individuals, which has been successfully delivered to some 10,000 people across the Pacific since it was introduced in 2010.
Speaking at the launch of the program held in Nuku’alofa last week, guest of honour, the Princess Royal, Her Royal Highness Princess Salote Mafile'o Pilolevu Tuita, said: “We know that MoneyMinded Business Basics will provide our people with the knowledge, skills and experience to establish their own profitable and sustainable businesses.”
HRH Princess Pilolevu added: “We also know that financial education has a positive impact on development and poverty reduction and I would like to congratulate ANZ for establishing the program. I hope to see MoneyMinded Business Basics continue to expand and empower our local business people in the community over the coming months and years.”
ANZ Tonga Country Head, Manoa Kamikamica, said the bank was committed to supporting the growth of small businesses in Tonga.
“ANZ is fully committed to improving business capabilities of Tonga’s SMEs, and we believe that MoneyMinded will provide a great platform to help small businesses thrive in a sustainable way,” Mr Manoa said.
“We have seen the success of this program in other countries and we believe we can replicate that success here in Tonga."