Citi to Launch Financial Literacy Program for Young Parents in Okinawa
October 25 2016 - 10:00PM
Business Wire
Supporting Single Mothers and Other Young
Parents Facing Financial Difficulties in Cooperation with Japan’s
National Institute on Consumer Education
Citigroup announced today that it will launch a new financial
literacy program in Okinawa, “Life Skills and Money Management for
Young Parents,” in November 2016.
The program comprises a series of learning sessions designed to
provide young parents in Okinawa, especially single mothers, who
often face financial difficulties, with information and tools to
help improve their living conditions. The program will be run in
cooperation with the National Institute on Consumer Education and
the Okinawa Single Parents and Children's Welfare Association and
held in Naha City and Uruma City from November 2016 to March
2017.
Two learning sessions will be held in each city. The Naha
program will cater for 50-60 people, with sessions to be held in
November and December. The Uruma program will cater for about 50
people, with both sessions to be held in February 2017. Childcare
services will be provided at both locations and participation and
textbooks will be free of charge. Citi will fund the entire
program.
The program will cover a wide range of money management and life
planning topics, including expenditure management, saving,
household planning, and bill payment management. It will also
provide information on social insurance, public assistance
programs, and other social safety nets. After completing the
program, participants will be better equipped with life skills
necessary to manage difficult financial situations and improve
their living conditions. The sessions will be taught by local
financial planners who have a good understanding of the issues and
realities in Okinawa.
Until 2015, Citi provided a financial education program for
elderly women in major cities across Japan in cooperation with the
National Institute on Consumer Education. This year, Citi has
shifted its focus to Okinawa, an island prefecture that has high
divorce and poverty rates.
Citi opened a branch in Yokohama in 1902 and has become a
well-recognized financial institution in Japan. Citi has
established deep ties with the Okinawan community since commencing
operations in Naha in 1999. Parts of its financial businesses,
including Operations and Technology, are run out of Okinawa. Citi
intends to further strengthen its presence in Okinawa and will
continue to actively recruit local residents.
As a leading global bank with operations in more than 160
countries and jurisdictions, Citi is strongly committed to
promoting financial literacy. In Okinawa, in addition to this
program, Citi is sponsoring a "Financial Markets and Systems"
course at the University of the Ryukyus during the 2016 academic
year. All 15 classes will be taught by senior members of Citi in
Japan.
# # #
Citigroup, the leading global bank, has approximately 200
million customer accounts and does business in more than 160
countries and jurisdictions. Citigroup provides consumers,
corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage,
transaction services, and wealth management. Additional information
may be found at www.citigroup.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161025006883/en/
Mika NemotoCorporate Affairs, Citigroup Japan
Holdings+813-6270-5133
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