LOLC Participates in Raising Awareness on the Importance of Saving Money by Sponsoring ASEAN Savings Day 2024

Kampong Speu Province, 31 October 2024: LOLC, one of the leading deposit-taking microfinance institutions in the Kingdom of Cambodia, has become a sponsor of the 2024 ASEAN Savings Day, organized by the National Bank of Cambodia. The event took place at the Independence Monument in Kampong Speu province under the theme "The Importance of Saving Money from Childhood." This program aims to raise public awareness about the importance of saving money and to promote a broader culture of saving, aligning with the priority of advancing client-centric financial services across the ASEAN region. In addition, this event provides an opportunity for banking and financial institutions to participate in raising financial awareness and promoting their products and services to the public.

The ASEAN Savings 2024 Program was attended by the Governor of Kampong Speu Province, Association of Banks in Cambodia, the Cambodia Microfinance Association, and the representatives of banks and microfinance institutions in Cambodia.

There was also a financial literacy competition with two main themes: The Importance of Saving Money from Childhood and the benefits of saving money for daily living to provide opportunities for the university students and the clients of banking and financial institutions to compete and strengthen their financial literacy.

LOLC is honored to be a part of this important event and even more proud to see the Cambodian people's financial literacy improve. It should be noted that, while Cambodia promotes and improves financial inclusion, LOLC actively participates in this campaign by providing financial skills and knowledge to the community and in universities, as well as sharing meaningful financial literacy content on all LOLC social media every day.

Publish date: October 31, 2024