ON Thursday 6th May 2021, the St. Lucia Chamber of Commerce, Industry and Agriculture launched its Small Member Support Program which aims to assist small businesses as they recover from the economic impact of COVID-19. This program was built to offer Information, Skills and Knowledge, Tools and Support Services Programs to help strengthen MSMEs among Chamber Membership and the wider business community. As we are aware, a vibrant small business sector is critical to the recovery of the economy.
The St. Lucia Youth Business Trust is pleased to announce that it will be conducting Financial Literacy Training as part of the Chamberās Small Member Support Program. Financial Literacy is the ability to understand and adequately use different financial skills. It is often carded as the foundation of your relationship with money and a lifelong journey.
The Financial Literacy training is geared at increasing participantsā knowledge, skills, and attitudes surrounding Budgeting, Savings and Borrowing which will be the three (3) focus areas of the practical workshop. Stemming from these three main areas, participants can also anticipate coverage of Goal Setting, Personal Financial Assessment, Spending Decisions, Tracking Income and Expenses, Budgeting to Save, Saving Services, Consumer Protection, Expectations when applying for a Loan and Exploring Financial Products.
Individuals who seize this opportunity will become more knowledgeable when it comes to managing their financial resources and in turn, undoubtedly improve their chances of operating profitable businesses in todayās economic climate. The three-hour webinar will be facilitated by Mr. Fabian Isaac, an expert on Financial Literacy with16 years experience in conducting Business Management Training, Small Business Support and providing Business Advisory Services. The training will be held virtually on Thursday, 24th June from 5:00 pm to 8:00 pm.