WHO IS NIMBA?
Nimba are group of individuals from SUN LIFE who have decided “enough is enough” for poverty. FINWAZE will be part of the educator to help common people in the streets to understand what is financial planning and bring the message “LET YOUR POVERTY GO”.
Poverty in the Philippines is the highest amongst the Asian counterparts; if we don’t start financial literacy – generation after generation people will live in poverty. We must “CUT THE UMBILICAL CORD OF GENERATIONAL POVERTY”
WHAT POSSIBLY NIMBA & FINWAZE COULD DO?
We are conducting regular get together all over barangay – starting with the leaders of the barangay first to start 10-20 peso a day savings and teach them how to open a bank account and guide them to simple investments like the Bonds & Money Markets. They need and must START somewhere; we cannot ignore this fellowman we need to guide and help them or else they will be left out in this fast growing society.
THE HEAD OF EACH BARANGAY IS IMPORTANT – TO STOP THE HABIT OF BEGGING…
We are constantly in-touch with the leaders in the barangay and asking them to play a major role in slowly eliminating beggars in the street, food stalls and etc. Leaders must anticipate and make a change and not react and critiquing them. They are just in the habit of begging for a easy way out. If everyone stop giving money to the beggars it will come to a stop. NIMBA together with FINWAZE are always looking for alternatives to help them; it will be difficult in the initial stage but we can’t stop just because is difficult.
TEMPORARY INSURANCE (TERM)
What is a temporary insurance – Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified “term” of years. Unlike most types of permanent insurance, term insurance has no cash value. In other words, the only value is the guaranteed death benefit from the policy.
The life expectancy of the people in barangay is between 60 – 69years of age and is sad they leave nothing more then poverty for the loved ones. If they get a temporary insurance which is cheap and economical the family can have at least 10-20 years of living expenses to go on and they will start believing that Insurance is real and does make a difference if the breadwinner dies or gets sick.
WE ARE NOW GUIDING MANY IN SURIGAO TO INVEST IN MUTUAL FUNDS & STOCK MARKET
Many thought Mutual Funds & Stock Market is for the RICH and again is a MYTH. Today we have trained and guided more then 200 individuals to invest in the Bonds, money market, mutual funds and stock market. Things are no more the same in Surigao. The excitement is overflowing to Claver, butuan, davao, and many more small cities. Even small islands are calling us to do such trainings there.
We are excited as we are beginning to see changes is starting and we are not going to stop till many are financially literate.
FOR FREE FINANCIAL LITERACY EDUCATION – EMAIL US @ Finwazeph2019@gmail.com