Budding Entrepreneurs

On 14 June, “UOB Heartbeat” representatives from UOB Bank came to coach our children about financial literacy, creating additional careers, and opening markets to sell products to other children in the community. A “Money Playroom” approach, in which children practiced opening a small local business (such as a grilled meatball shop, an iced tea shop, a cheese-shaken french-fries shop, a mini sandwich shop, or herbal juice shop), gave them hands-on experience, from purchasing raw materials, producing products and selling them, including calculating costs, profits and savings. They not only gained practical knowledge but voted it a really fun experience. Thank you to the UOB volunteers. This was their second visit to teach the children about handling money responsibly.