Women more financially literate
The survey done in 2007 by the Pacific Financial Inclusion Program highlights that traditionally the role of the woman would be to look after the family and in today's modern society, women tend to budget well, and focus on small scale businesses, their immediate family need, and finally education.
UN representative in the Pacific, Knut Ostby said that the survey was very clear stating that women had a huge impact on a family if they were literate, and more work needs to be done to ensure that there is more awareness.
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Meanwhile, Financial capacity Advisor, Jeff Liew after their survey of the 14 villagers in Naitasiri, they found out that compared to men, women tend to save close to $100 more than men when they do their budgets.
The survey also revealed that more than 80 percent of people living in rural Fijian communities are in debt as a recent study has found that borrowing in Fijian communities is pervasive and financial literacy is very low.
Liew said the survey which was carried out in a total of 14 villages in Naitasiri highlighted that in Fijian communities the ability to manage debt was very low, with 50% of the villagers not even understanding the meaning of loans.
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