Empowering Financial Well-being: Family Money Management Program Update


The Newcrest Social Performance Department (SPD) manages and coordinates the resettlement family groups (RFG) and works in collaboration with Australian Business Volunteer's Apeketon Business Hub (ABH) team to facilitate skills workshops.

In March, a pilot program for resettled family groups at Putput was successfully implemented. Building on this success, the Newcrest Social Performance Department, Lihir Tenement Office, and the Australian Business Volunteer's ABH team have collaborated to plan the delivery of the Family Money Management Program to families under the Putput Resettlement and Lakunbut Resettlement Family Groups.

During the training program, it was discovered through class discussions that only a portion of individuals who receive income through employment, royalties, or other payments are effectively managing their finances and creating proper budgets. Feedback from participants indicates that the Family Money Management Program has been beneficial in improving income management skills and assisting participants in saving money to achieve their short-term and long-term family or personal goals. One participant mentioned, "I learnt a lot in this program on how to manage and use my finance."

So far, a total of 68 participants have engaged in the program from March - June. The Australian Business Volunteers team is pleased to continue supporting the Newcrest Social Performance team in facilitating the Family Money Management Program and expanding its reach to more participants.

Pictured: Lakunbut RFG Training Participants busy with their activities

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ABV is a team of several hundred Skilled Business Professionals (SBPs) enabled by a small salaried team. Together we source opportunities throughout Asia Pacific and in Australia to work in partnership with corporates and deliver impactful corporate social responsibility programs. We guarantee sustainable outcomes for communities, through strengthening small businesses and not for profits, leading to poverty alleviation. With 40 years’ experience across Australia, Asia and Pacific, ABV is focussed on programs that produce outcomes, positive stories of change for the small businesses and not-for-profits that our Skilled Business Professionals and staff support through transferring Australian business know-how and experience.
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