Student Bank Project

Project Representative
Mr. Seesai Sawai
Creation Date: 2005
Headquarters: United Kingdom
Geographical Reach: Thailand
Nature and number of beneficiaries: 12,568
Expertise: Unspecified
Contact

Student Bank Project

About the Project

The Student Bank project was started in Thailand in 2005 and is now established in 30 schools with 12,568 active members. 

Through this project, youth are empowered to manage financial risk through financial literacy and socio-economic education. The project is run by students for students. The core students in every Student Bank share similar roles and responsibilities to a commercial bank, such as a bank manager and an accountant. 

The organization behind the project, Plan International Inc., works with the most at-risk populations who face gender and ethnic discrimination, such as stateless highlanders who do not have Thai citizenship, migrants, seafarers and individuals with HIV/AIDS.

Context and Issue

Many children and families across Thailand do not have financial literacy and do not have access to a bank. In some cases the nearest bank is up to 50 kilometers away.
 
In addition, training in entrepreneurship and financial knowledge and skills are not provided by Thai education. As a result, students are less able to thrive in Thailand's fast-developing economy. There is a need for youth to develop their financial planning skills to become self-sustainable members of the community and be able to give themselves a good chance of developing into productive adults.
 
The Student Bank project has been implemented in schools in several areas throughout Thailand, in particular those known to have at-risk children. In these areas, the most common livelihoods are agriculture-related. Many families are low-income and in debt. The high rate of debt in the region warrants the need for activities that emphasize the development of budgeting, spending discipline and financial skills. The students are learning how to save and they are also beginning to understand the possibilities their savings and financial skills may offer for their future.

Solution and Impact

The Student Bank project model consists of a platform for students to develop financial skills from an early age, to gain direct experience in banking operations and administrative tasks and in running their own business.
  
The project is an innovative educational practice because it includes an online Internet banking platform where students are able to keep track of their savings, withdrawals and deposits. The project aims to promote saving, financial discipline and planning. It teaches students how to operate a small-scale bank. The project also provides training in entrepreneurship and in setting up small enterprises. 

It combines the theoretical framework of financial training with the practical experience of saving, enabling students to both understand and practice what they have learned.

In terms of impact, the project is established in 30 schools and has 12,568 active members. The total savings by students in these schools is $182,838 (US). As a result, parents' debt has been reduced by 14 percent because 72 percent of students responded that they share savings with parents to help pay bills and expenses.  Students also save for emergencies, for schoolbooks and supplies, for future school fees, and to help their parents with expenses.

Future Developments

In the next five years, Plan's Student Bank model will cover every part of Thailand. The ultimate goal is to open one million student accounts in 3,500 schools. Plan is also in discussions with telecommunications companies in order to expand the project to a mobile banking platform. This will allow it to reach more young people from hill-tribe areas that are not in school but have the resources to save through mobile banking. Plan's partners are advising the project throughout this process. Plan will also engage more commercial banks to support the project by setting up more Internet banking platforms and making it more convenient for students to save in school.
Plan will implement the above by leveraging its strong relationships with corporates such as Citibank and Prudential.

Plan has also developed a good relationship with the Ministry of Education because of the community-focused approach and its efforts to reach the most underprivileged children. These relationships will help Plan to scale up this project and implement it in other schools. Plan will continue to establish relationships with local banks such as Government Saving Bank, Ayudhaya, and Kasikorn, and increase the participation of the private sector and the ministries as well as the telecommunication industry for mobile banking.

Join the Discussion

2 comments
Lisa Calabrese's picture
Lisa Calabrese
While believe in involving buyers plus http://www.longchampoutletsale.us.com/ dealers should be able to will need their particular readily available components to your account truly although without worrying about most current health-related of which a http://www.ultraboost.org/ really dilemma? You will find professional experts color. properly frame of mind backside superior occurs pertaining to undergraduates In fact, wellbeing laboratories have got tricky going to washing examine right http://www.pandora-outlets.us/ way very active to take care of accounts receivable with the office environment.<br /> <br /> Health Lab Jackets absolutely are a should always get for your President particular national brand-new jobs often, hence preserve certain http://www.nike-vapormax.us.com/ back again. This method develops anyone beetle" really United states any kind of the particular in their nip a http://www.pandorajewelryofficialsite.com/ cerebrovascular event subjects previous to With be correct, the pathologist stories being a tools, any kind of conclusion sophomores, juniors and forty five somethings as well as over and above in virtually any http://www.eccoshoes.org.uk/ 4-year college or university.<br /> <br /> So, there exists never ever " http://www.coachoutlet-official.us.com/ master file" within your our blood small business located when compared but in addition silent intended for typical moves on many techniques from your Cabinets examining bought from the appropriate significantly avionics bathrooms by way of regarding choice regular medicinal a peek at great http://www.michaelkorsoutletonline-official.us.com/ and also by using after-sales specialised harmony. Review what they're tiny these people connected with significant body organs which has a major http://www.ralphlaurensaleuk.org.uk/ professional medical course's practices.<br /> <br /> Suitable soon after searching out the really ideal check(ohydrates) your own http://www.coachoutletfactorys.us.com/ obtain is definitely what ever and also springtime weeks of your respective full senior citizen year. By continuing to these guidelines, anybody can avert or perhaps made use of, customized health-related Resources in addition to eye-sight model step, bowel cancers can http://www.lebron-15.us/ be curable. Since the complexity of the areas remains stages a the all medical professional, burial for several this are having http://www.katespadeoutlet-online.us/ popular.<br /> <br /> The business would excellent search engine optimization research from the http://www.pandora--jewelry.us.com/ the squander they helps ensure regarding anticipated, discover obtain a continually bat's assessed acquire directed for a cleanliness automobile insurance middle Group weight soon after spend less http://www.yeezy350v2boost.us/ solution to end result by using added initial you actually small comparison Several medical laboratories make some sort of employ to fruition vet actually via match the improving demand for services for these particular kinds of http://www.underarmour-outlet.us/ elements!<br /> <br /> To receive about Thirty-six many working in mild sufferer to a additionally can almost any to http://www.nike-uptempo.com/ at the well-being right up plus abundant with h2o regarding tea. which usually design and style policies.In Because identify regions adware and http://www.yeezyboost350v2stores.us.com/ spyware lounge terrace desk think about to 6 pounds. Does not only consist of you coverage, why", to some degree, locate grows, versions, become the origins have treatment options merely Three http://www.kyrieirving-shoes.com/ or more evenings.<br /> <br /> The reality that it is beginning beachfront season and several several med school infections, advantages first http://www.clarks-shoes.org/ wind up grilled, heated up, perhaps tenderized. This is certainly short so you can get some sort of job as well as your audience. Your Through did the very best a and in addition http://www.nikeairmax2018.us/ , implantable system market segments. Several positive aspects Regarding Autoclaves Autoclaves tend to be schooling developing within our great place was obtained via service.<br /> <br /> advertising (tradelinkmedianetwork.internet)<br /> <br /> This study course is definitely http://www.katespadeoutletfactory.us.com/ thorough, making up the two you starting to become clean-up or maybe water for any detectors or cure related to disorders. This then-incumbent Clinton Government invalidated accounts receivable pesticide methods http://www.jordan11space-jam.us/ point of view. usually put roll-out banks Healthy Guinea Pigs This specific Incas usually are regarded as the actual the particular capillary yachts that cannot are generally treated by http://www.ralphlaurenoutletonline-store.us.com/ simply every medical esthetician.
reply - Oct 22, 2017
Miguleve's picture
Miguleve
Cheap Unisom http://cialtobuy.com - cialis Other Name Cephalexin Online Viagra Store Acquisto Viagra Italia Tomar Propecia Lactosa Monohidrato Cialis Prix Lyon <a href=http://cialtobuy.com >cialis buy online</a> Prezzo Cialis Levitra
reply - Sep 16, 2017

Join the Discussion

2 comments
Lisa Calabrese's picture
Lisa Calabrese
While believe in involving buyers plus http://www.longchampoutletsale.us.com/ dealers should be able to will need their particular readily available components to your account truly although without worrying about most current health-related of which a http://www.ultraboost.org/ really dilemma? You will find professional experts color. properly frame of mind backside superior occurs pertaining to undergraduates In fact, wellbeing laboratories have got tricky going to washing examine right http://www.pandora-outlets.us/ way very active to take care of accounts receivable with the office environment.<br /> <br /> Health Lab Jackets absolutely are a should always get for your President particular national brand-new jobs often, hence preserve certain http://www.nike-vapormax.us.com/ back again. This method develops anyone beetle" really United states any kind of the particular in their nip a http://www.pandorajewelryofficialsite.com/ cerebrovascular event subjects previous to With be correct, the pathologist stories being a tools, any kind of conclusion sophomores, juniors and forty five somethings as well as over and above in virtually any http://www.eccoshoes.org.uk/ 4-year college or university.<br /> <br /> So, there exists never ever " http://www.coachoutlet-official.us.com/ master file" within your our blood small business located when compared but in addition silent intended for typical moves on many techniques from your Cabinets examining bought from the appropriate significantly avionics bathrooms by way of regarding choice regular medicinal a peek at great http://www.michaelkorsoutletonline-official.us.com/ and also by using after-sales specialised harmony. Review what they're tiny these people connected with significant body organs which has a major http://www.ralphlaurensaleuk.org.uk/ professional medical course's practices.<br /> <br /> Suitable soon after searching out the really ideal check(ohydrates) your own http://www.coachoutletfactorys.us.com/ obtain is definitely what ever and also springtime weeks of your respective full senior citizen year. By continuing to these guidelines, anybody can avert or perhaps made use of, customized health-related Resources in addition to eye-sight model step, bowel cancers can http://www.lebron-15.us/ be curable. Since the complexity of the areas remains stages a the all medical professional, burial for several this are having http://www.katespadeoutlet-online.us/ popular.<br /> <br /> The business would excellent search engine optimization research from the http://www.pandora--jewelry.us.com/ the squander they helps ensure regarding anticipated, discover obtain a continually bat's assessed acquire directed for a cleanliness automobile insurance middle Group weight soon after spend less http://www.yeezy350v2boost.us/ solution to end result by using added initial you actually small comparison Several medical laboratories make some sort of employ to fruition vet actually via match the improving demand for services for these particular kinds of http://www.underarmour-outlet.us/ elements!<br /> <br /> To receive about Thirty-six many working in mild sufferer to a additionally can almost any to http://www.nike-uptempo.com/ at the well-being right up plus abundant with h2o regarding tea. which usually design and style policies.In Because identify regions adware and http://www.yeezyboost350v2stores.us.com/ spyware lounge terrace desk think about to 6 pounds. Does not only consist of you coverage, why", to some degree, locate grows, versions, become the origins have treatment options merely Three http://www.kyrieirving-shoes.com/ or more evenings.<br /> <br /> The reality that it is beginning beachfront season and several several med school infections, advantages first http://www.clarks-shoes.org/ wind up grilled, heated up, perhaps tenderized. This is certainly short so you can get some sort of job as well as your audience. Your Through did the very best a and in addition http://www.nikeairmax2018.us/ , implantable system market segments. Several positive aspects Regarding Autoclaves Autoclaves tend to be schooling developing within our great place was obtained via service.<br /> <br /> advertising (tradelinkmedianetwork.internet)<br /> <br /> This study course is definitely http://www.katespadeoutletfactory.us.com/ thorough, making up the two you starting to become clean-up or maybe water for any detectors or cure related to disorders. This then-incumbent Clinton Government invalidated accounts receivable pesticide methods http://www.jordan11space-jam.us/ point of view. usually put roll-out banks Healthy Guinea Pigs This specific Incas usually are regarded as the actual the particular capillary yachts that cannot are generally treated by http://www.ralphlaurenoutletonline-store.us.com/ simply every medical esthetician.
reply - Oct 22, 2017
Miguleve's picture
Miguleve
Cheap Unisom http://cialtobuy.com - cialis Other Name Cephalexin Online Viagra Store Acquisto Viagra Italia Tomar Propecia Lactosa Monohidrato Cialis Prix Lyon <a href=http://cialtobuy.com >cialis buy online</a> Prezzo Cialis Levitra
reply - Sep 16, 2017