Sagicor Life Jamaica has sponsored St. Elizabeth Technical High School’s (STETHS) participation in the 2012 – 2013 Junior Achievement Company Programme. The annual initiative provides students with firsthand experience in operating a business and has attracted approximately 40 schools across the island this year; up from the initial five schools in 2008, when the programme began.
Ingrid Card, Assistant Vice President, Group Marketing at Sagicor believes projects such as the Junior Achievement Company Programme are essential in the development of entrepreneurship, key business practices and wealth generation among aspiring youth. “Sagicor is pleased to assist youth development at this early stage. We have provided our expertise as well as financial support.”
The Junior Achievement Company Programme is supported by USAID and executed by the local chapter of the 91year old Junior Achievement Worldwide; and is in keeping with the secondary curriculum sanctioned by the Ministry of Education - who remains a partner since its inception.
Speaking to the mandate of the programme, Pauline Cavalier, Executive Assistant and Office Manager of Junior Achievement Jamaica said “The programme is one of 20 – implemented by Junior Achievement Jamaica. Up to 24 students from each participating school form a company where they acquire 75 shareholders who invest 200 dollars each for them to attain a startup capital of 15,000 dollars to execute their business model.”
She went on to state “The students form a line staff, put into action a business plan, submit an annual report and go through the process of liquidation, just like a typical business. It is a great learning experience for them and there are quite a few sectional prizes and events throughout each year which keeps them motivated.”
Andrea Beaumont-Kelly, Advisor of the Junior Achievement Company Programme at STETHS is delighted to have Sagicor’s support for 2012 – 2013. “This is the second year that STETHS is participating. It was a challenge working without a sponsor last year and this year the students are very receptive to the advice coming from the various representatives of Sagicor,” she expressed.
Junior Achievement Worldwide involves 43 countries across the globe – including Jamaica. Locally, over 700 hundred students make up this year’s programme.
Sagicor Life Jamaica Limited is the leading life insurance group in the country. The company commenced operations in 1970 as Life of Jamaica Limited, the first locally owned life insurance company and the first life insurance company to be listed on the Jamaica Stock Exchange (JSE). Since its inception, Sagicor Life has gained a solid reputation as an innovator and leader in the Caribbean life insurance industry. The company continues to be the market leader among local life insurance companies.
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