Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it.

In most of the developing countries, child labour is a fact of life; children aged 5-17 are estimated to work to support their families, or simply to survive. Some of them return home at night while others live full-time on the streets, but all face an issue often overlooked by NGOs and policy makers focusing on their basic needs: how do they keep the money they earn safe?

Financial exclusion creates a particular paradox for working and street children in that their resourcefulness and industry may even undermine their security with their wages making them the target of thieves and cheats. Developing countries like Bangladesh has been taken a strategy to open a Bank account with a small savings amount. The strategy may lead to a higher level of physical security for them and bring relief from the fear of their hard-earned money being taken by others. But the problems will persist unless these children are learning the basics of financial literacy.

In the Indian sub continent countries street children are the victim of child labour issue. Most of the street children are engaged in different work as a child labour, which is not welcomed. Children are also often found working in a variety of potentially hazardous occupations and sectors, including bidi (hand-rolled cigarette) factories, construction, leather tanneries, fisheries, automobile repair, welding, bangle-making, rickshaw-pulling, matches manufacturing, brick-breaking, book binding, and the garment industry. In urban areas many children work as domestic servants, porters, and street vendors, and are vulnerable to sexual abuse and commercial sexual exploitation. In addition, many children are also reported to be involved with criminal gangs engaged in arms and drug trading and smuggling.

In Bangladesh, The Bangladesh Bank has taken an initiative of opening Bank account for the street kids with partnership of NGOs working with the street kids where every new account require a co - signature from NGO whose staffs retain control of it until the child turns 18 years old. But having NGOs as co - signatories may raise new issue though: how do you prevent a vulnerable child from any corrupt behaviour by their NGO? What happens if the NGO who co-signed their account closes down?

Here comes the importance of the Financial Literacy in their everyday life to manage their personal finance so that they can keep it for their better future or to manage properly for their family livelihood.

We are seeking organizations who are working on Street Kids issue. We would like to partner with them to implement the concept of financial literacy for street kids.